Page 124 - Policy Wording - Hollard Prestige Portfolio 1.4

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Diminution in value means if your vehicle is stolen and recovered within 30 days, we will pay, in addition to the damage to the vehicle, up to 10% of the retail value of the vehicle due to the diminution in value as a result of the vehicle being ‘S’-marked on the SAPS Stolen Vehicle Circulation System, provided that:
– we will pay up to the sum insured stated in the schedule
– the vehicle is within three years of the date of first registration as new, or within three years of the date of
first use, whichever the earlier.
4X4 Cover (Off-road)
This cover applies only to a motor vehicle stated in the schedule and for which this cover is selected, but exclude the vehicles being used for the purpose of any organised competitive 4x4 off-road activities such as time trials and contests. Off-road use means we will cover your 4x4 or 2x4 and/or all-terrain motor vehicles. The off-road use is limited to four-wheel driving, trail driving, sand-dune driving or an activity on registered trails and registered adventure trails. This section does not apply to motorcycles, caravans, trailers, vintage cars or vintage motorcycles.
Section 8 – Motor vehicle
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Hollard Prestige Portfolio – Version 1.4 – 2 Feb 2023