Page 161 - Hollard Business Policy - Binder

Motor
Vehicle
Definition 1
Private type motor cars (including any station wagon, 4x4 or 4x2 station wagon), safari van, estate car or similar vehicle designed to seat not more than 12 (twelve) persons (including the driver) but excluding taxi's
Definition 2
Commercial vehicles and special type vehicles as described in the Schedule but excluding taxi's
Definition 3
Motorcycles (including motor scooters, three-wheeled vehicles and quad bikes) and golf carts
Definition 4
Buses (including any vehicle used for business purposes and designed to seat more than 12 (twelve) persons, including the driver) but excluding taxi's
Definition 5
Trailers, i.e. any vehicle without means of self-propulsion designed to be drawn by a self-propelled vehicle, but excluding any parts or accessories not permanently fitted thereto
Definition 6
6.1 any such vehicle being owned by or hired or leased to the Insured;
6.2 including any such vehicle temporarily operated by the Insured as replacement for any vehicle specified which is out of use for the purpose of overhaul, upkeep and/or repair;
PROVIDED THAT:
1. the maximum period a rental or temporary vehicle shall be used shall not exceed 30 (thirty) consecutive days;
2. the maximum liability of the Company shall not exceed the reasonable retail value of the replacement vehicle or the limit of indemnity of the replaced vehicle as stated in the Schedule, whichever is the lesser
Description of use
Use for social, domestic and pleasure purposes and use for the business or occupation of the Insured;
but excluding:
1. hiring;
2. carriage of passengers for hire or carriage of fare paying passengers;
3. racing, speed or other contests, rallies, trials;
4. carriage of explosives;
5. carriage of any load or passengers exceeding the capacity for which the vehicle is
constructed or licensed to carry;
6. use for any purpose in connection with the motor trade;
7. used for other than what the vehicle was constructed or licenced to be used for.
The indemnity to the Insured in connection with any vehicle shall operate while such vehicle is in the custody or control of a member of the motor trade for the purpose of its overhaul, upkeep or repair but excluding if the vehicle is in possession or on commission or else for the purpose of retail or similar
Hollard Business Policy – Binder – Version 8 2024 Page | 159