Page 40 - Personal Underwriting Mandates & Guidelines - Binder - Version 3

Motor
Aftermarket accessories
Accessory
4x4 suspension
Aircon
GPS
Aircon
Bi/Xenon headlights
Hand guards
Bullbar/Nudge bar
Leather interior
Hard luggage
Gas bottles and holders
Sunroof
Headlight protector
Long range fuel tank
Heated hand grips
Metallic paint
Heated seat
Bluetooth
Electric seats
Luggage rails
Fridge slides
Spotlights
Power commander
Non-standard rims and tyres
Quick shifter
Note: This list is for illustration purposes only and should not be regarded as exhaustive. Sound equipment
○ Factory-fitted sound equipment is included in the retail value of the vehicle. Any loss or damage suffered to the sound equipment where it forms part of the sum insured will affect the number of claims/losses or NCB/CFG recorded against the policy in the event of a claim.
○ Non-factory-fitted/aftermarket sound equipment must be specified in the schedule and an additional premium is payable.
Service plan
A motor plan is a form of an insurance policy, hence we do not cover the cost of the motor plan. The client is entitled to a refund for the unused portion of the motor plan from the entity where the plan was originally purchased in the event of a total loss. Similarly there is no cover for an aftermarket service plan.
Hybrid and electrical vehicles
The technology of these vehicles is very new to our market and due to its technology, they are complex and expensive to repair.
In the event of an accident the batteries are usually taken out and sent away for inspection and if they are deemed unsalvageable, the vehicle is written off. In these cases, the manufacturer will retain the battery to dispose of it in a responsible manner, which then affects the salvage value of the vehicle. Due to these reasons, a minimum rate of 2.5% is applied.
Neighbourhood watch
We will accept vehicles used by a client who volunteers their services for neighbourhood watch purposes. The vehicle will be covered if it is damaged during their patrol of the neighbourhood. Vehicles that have decals/branding pertaining to neighbourhood watch organizations will not be covered. In addition, loss or damage during high-speed chases will not be covered.
Off-road trails
Conducting or guiding of trips on recognised 4X4 off-road trails (these are named and registered off-road trails which the client pays a fee to drive on), and while the driver is receiving off-road training instruction at any off-road training facility is excluded, unless provided for in the policy wording.
This cover can be added via an endorsement at an additional premium.
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