Page 123 - Policy Wording - Hollard Prestige Portfolio 1.4

Section 8 – Motor vehicle
Optional cover
The following cover needs to be specifically requested by you. If we agree to give the cover it will be stated in the schedule and an additional premium will be payable. This cover will form part of the sum insured of your vehicle.
○ Car hire means if your motor vehicle is damaged or stolen we will provide you with the use of a hire vehicle in terms of your selection stated in the schedule. Cover is limited to a maximum of the number of days selected by you and stated in your schedule or until your claim is finalised, whichever the lesser. This cover is effective from the date of report of the incident. The car hire option includes:
– a vehicle as selected by you from our available options stated in the schedule
– unlimited kilometres
– airport surcharge
– tourism levy
– delivery or collections up to 25 km from the nearest car hire company contracted by us. You are responsible for the following:
• all fuel deposits, fuel and running costs
• all toll road fees
• insurance costs, including excesses
• any traffic fines or penalties you may incur
• any breakdown or recovery costs
• the difference in costs between the car-hire group stated in your schedule and a more expensive car-hire group that you request
• you must have a valid credit card issued in your name with which to pay the car-hire company for the above fees and excess
• this section does not apply to motorcycles, caravans, trailers, vintage cars or vintage motorcycles.
○ Credit shortfall increased cover means we will pay the difference between the retail value of the motor vehicle and the amount outstanding on the credit agreement if the vehicle is damaged and it is our opinion that it cannot be economically repaired or when it is stolen and not recovered within a reasonable period. We pay the difference to the titleholder stated in the agreement, excluding instalments or interest on arrears, up to the limit stated in the schedule, provided that the sum insured stated in the schedule is adequate.
This is additional cover, and applies if the limited cover is not enough.
Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023 121