Page 122 - Policy Wording - Hollard Prestige Portfolio 1.4

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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 first 72 hours after you have taken physical possession of the vehicle. This cover applies only if all of the following conditions 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 existing 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:
– defective design, defective parts, defective repair or operation of the winching equipment not according to the stipulations and standards recommended by the manufacturer or supplier
– wear and tear or gradual deterioration 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.
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Section 8 – Motor vehicle
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Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023