Page 173 - Hollard Business Policy - Binder

Motor Traders Risk
DESCRIPTION OF USE
The vehicle as defined in Definitions may only be used for:
1. the business purposes of the Insured;
2. tuition provided by the Insured provided the learner driver is accompanied by a fully licenced driver who is the Insured, a member, director or employee of the Insured;
3. demonstration including driving of the vehicle by the person to whom it is being demonstrated provided the driver is accompanied by a member, director or employee of the Insured and is fully licensed to drive a similar vehicle;
4. social, domestic and pleasure purposes by any person other than the Insured, a member, director or employee of the Insured, whether such use is incidental to the business or not;
PROVIDED THAT:
the Company shall not be liable in the event of:
1. transit delivery or convoying by or on behalf of the Insured by any casual driver(s) or person(s) not wholly and regularly engaged in the employ of the Insured;
2. any vehicle as defined being hired out or used as a taxi or for public or private hire;
3. racing, pace making, rallies, speed or time trials or taking part in contests or driving in a match for a wager;
4. the carrying of fare-paying guests or passengers of a hotel, lodge or boarding house (including B&B's) or any relevant business if the Insured is the keeper or shareholder of such institution;
5. the vehicle as defined involved in the carrying of explosives;
6. the vehicle as defined used outside the prescriptions of the manufacturer or carry a load more than the prescribed load capacity or for which the vehicle has been constructed.
SPECIFIC EXCEPTIONS (applicable to Sub-Section A)
The Company shall not be liable to pay for any:
1. consequential loss as a result of any other cause whatsoever;
2. money paid towards the upgrade of or extension of a maintenance plan or similar expense;
3. depreciation in value whether arising from repairs following a Defined Event or otherwise;
4. wear and tear;
5. mechanical, electronic or electrical breakdown, failure or breakage;
6. damage to tyres:
6.1 by application of brakes; or
6.2 by road punctures, cuts or bursts; or
6.3 as a result of inequalities of the road or other surface or to impact with such inequalities;
UNLESS:
damage to tyres is accompanied by damage to other parts of the vehicle;
7. damage to springs/shock absorbers due to inequalities of the road or other surface or to impact with such inequalities;
8. damage to the insured vehicle caused by or attributable to the un-roadworthy condition of the vehicle;
9. loss, damage, cost or expense directly or indirectly arising from permanent or temporary dispossession resulting from detention, confiscation, forfeiture, impounding, nationalisation or requisition legally carried out by Customs, Police Services, Crime Prevention Units or any lawfully constituted officials or authorities;
10. loss of or damage to accessories or spare parts by theft unless the vehicle is stolen at the same time;
11. defective workmanship or consequential loss as a result thereof to any vehicle in or on the premises;
12. loss of or damage that is covered under any other Section of this Policy or any other Policy that provides cover for fire and allied perils and/or theft;
13. the Company shall not be liable under this Section in respect of loss, damage and/or injury occurring by or through the use of any vehicle hoist or vehicle ramp unless otherwise stated in the Schedule;
Hollard Business Policy – Binder – Version 8 2024 Page | 171