Minibus Plus Policy Wording - QBE

2.4 New vehicle replacement
2.4.1 We will replace your vehicle with a new vehicle of the same make and specification (subject
to availability) if within twelve (12) months of purchase new by you:
a) any repair costs, relating to a valid claim under this policy, exceeds 60% of the list price
(including vehicle tax and VAT) at the time of purchase or;
b) your vehicle is stolen and not recovered.
2.4.2 Replacement is subject to:
a) your vehicle being owned by you or having been purchased by you under a hire
purchase agreement (any vehicle the subject of any type of leasing or contract hire
agreement is not eligible for replacement);
b) the agreement of any interested hire purchase company;
c) you being the first registered owner of the vehicle.
2.5 Excesses standard
2.5.1 If your vehicle (including its accessories and spare parts) sustains loss or damage by
accident, fire, theft, or malicious damage, you will have to pay the amount shown in the
schedule in respect of the person driving or in charge of the vehicle at the time of the loss or
damage.
2.5.2 These excesses apply in addition to any voluntary or any other compulsory excesses that
may apply.
2.5.3 If you are only claiming for loss or damage to the glass in your vehicle's windscreen,
sunroof, or windows, or for any scratching of the bodywork arising solely from the breakage of
glass then the only excess that applies is that shown specifically in respect of glass on your
certificate of motor insurance.
2.5.4 The excess for glass:
a) will not apply when the glass is repaired rather than replaced.
b) overrides any other general excess that would otherwise apply to glass claims.
2.6. Exceptions to section 2 of your policy
Your policy does not cover the following:
2.6.1. loss of use on account of the event giving rise to a claim
2.6.2 depreciation, wear and tear
2.6.3 mechanical, electronic, computer, electrical failures or breakages.
2.6.4. damage to tyres by application of brakes or by puncture cuts or bursts.
2.6.5. loss or damage directly occasioned by pressure waves caused by aircraft or other aerial
devices travelling at sonic or supersonic speed.
2.6.6. loss of market value following repair.
2.6.7 theft or attempted theft of your vehicle if:
a) your vehicle has not been secured by means of the door and boot locks or if the
windows or any form of sliding roof, sliding door, hood or removable panel roof have
been left open or unlocked when your vehicle is parked and unattended; and
b) the immobiliser fitted by the vehicle manufacturer or fitted post manufacture or as
specified and agreed by us has not been maintained in working order at all times and
has not been activated when your vehicle is parked and unattended; and
c) the keys or other device which unlocks your vehicle have been left in or on your
vehicle or not removed to a safe and secure place.
PMBP151210Minibus Minibus Plus Policy Page 11 of 39