Page 121 - Bay Union - Platinum Policy Wording
P. 121

Sec on 8 – Motor vehicle
○ Vehicle transfer cover for any vehicle you buy means we cover loss of or damage to a vehicle you have purchased, but only for the  rst 72 hours a er you have taken physical possession of the vehicle. This cover applies only if all of the following condi ons are met:
– you have purchased the vehicle from a member of the motor trade
– the seller has no insurance that covers the vehicle
– you have at least one motor vehicle insured for comprehensive cover under this policy
– you must add the motor vehicle for comprehensive cover under your policy before we will accept your claim
– the cover will be in place only while the motor vehicle is in the care of or being used by you, your spouse or any other insured drivers as stated in your schedule
– cover is limited to the sum insured of the exis ng insured motor vehicles but not more than the limit stated in the schedule whichever the lesser.
○ Winching equipment we will pay for sudden and unforeseen mechanical or electrical breakdown, failure, or breakage of the winching equipment of the vehicle. We do not cover you for the breakdown, failure and breakage caused by:
– defec ve design, defec ve parts, defec ve repair or opera on of the winching equipment not according to the s pula ons and standards recommended by the manufacturer or supplier
– wear and tear or gradual deteriora on of the equipment’s consumable parts or components, cable or coupling devices.
We will pay up to the limit stated in the schedule per incident.
Bay Union – Pla num Policy Wording – 24 October 2016 119


































































































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