MUA Executive Policy - Van Flymen & Associates

Section 6 : MotorSPECIFIC DEFINITIONS FOR THIS SECTIONThe specific definitions below also apply to Section 7: Motorcycles, Section 8: Caravans andTrailers and Section 9: Classic Motors, where relevant and applicable.1.2.Agreed valueThe value for which the insurer agrees to insure yourvehicle and which is stated in your schedule. Theoption of agreed value applies only to classic cars.Comprehensive motorIf your vehicle is insured under this type of cover, theinsurer will pay you out for3.a.b.any loss of or damage caused by you or thedriver of the insured vehicle as a result of aninsured event, including the amounts for whichyou are legally liable to any third party if thelegal liability is related to the insured vehicleloss of or damage to any vehicle (and itspermanently fitted accessories and spare parts)that you hire, lease or temporarily use in place ofyour vehicle which is out of use for an overhaulor for upkeep and/or repair by a business in themotor trade. The amount the insurer will payis the reasonable retail value of your insuredvehicle.Comprehensive motor, excluding theft and hijackingIf your vehicle is insured under this type of cover,the insurer will cover you for any loss of or damageto the vehicle caused by an insured event, but notoccurring as a result of theft or hijacking or anyattempt at theft or hijacking of the insured vehicleor any part of it.The insurer will also pay the amounts for which youare legally liable to a third party if the legal liability isrelated to the insured vehicle, but does not arise as aresult of theft or hijacking or any attempt at theft orhijacking of the insured vehicle or any part of it.The insurer will pay for loss of or damage tothe insured vehicle (and its permanently fittedaccessories and spare parts) that you hire, lease ortemporarily use in place of your vehicle which is outof use for an overhaul or for upkeep and/or repair bya business in the motor trade, caused by an insuredevent, but not as a result of theft or hijacking or anyattempt at theft or hijacking of the insured vehicleor any part of it.The insurer will cover you up to the reasonableretail value of your insured vehicle as stated in yourschedule.Laid-up coverIf your vehicle is insured under this type of cover,the insurer will cover you only for the loss of ordamage to the vehicle which results from fire,lightning, explosion or from self-ignition, or by theftor attempted theft when you or anyone permittedto drive the insured vehicle is not using it and it is ina secure place.If your vehicle will be out of use for a continuousperiod of 60 days and more, and this is not as aresult of any loss or damage covered by this policy,the insurer may suspend the cover and refund youpart of the premium for the laid-up period.The insurer will pay this refund when you ask for thecover to start again.If you want the insurer to suspend cover, you mustrequest them to do so in writing.During the period when cover is suspended, theinsurer will continue to provide cover for loss ordamage caused by fire or theft while the vehicle is ina locked private garage.The cover is not available if your vehicle is a caravanor mobile home.The insurer will not pay fora. loss of use, reduced value, wear and tear, ormechanical, electrical or computer breakdowns,failures or breakagesb. loss of value following repairc. loss or damage arising from theft while theignition keys of your vehicle have been left in oron the vehicled. damage by pests.Territorial limitsThe insurer will cover you in the Republic of SouthAfrica, Namibia, Mozambique, Lesotho, Botswana,Swaziland, Zimbabwe, Malawi, Tanzania, Zambia,Kenya, Angola and Uganda.Third party, fire and theft onlyIf your vehicle is insured under this type of cover,the insurer will pay only for the loss or damage forwhich you are legally liable to a third party if thelegal liability arises from an insured event involvingthe insured vehicle, or for loss of or damage to theinsured vehicle which results from fire, lightning,explosion or self-ignition, or from theft or attemptedtheft.Third party onlyIf your vehicle is insured under this type of cover,the insurer will pay only for the loss or damage forwhich you are legally liable to a third party if thelegal liability arises from an insured event involvingthe insured vehicle.4.5.6.7.38 MUA Executive Policy