Policy Summary 1

Motortrader-online Summary of Cover 1

This is a brief outline only – a copy of the policy wording including all terms & conditions may be obtained on request.

Windscreen breakage, sound reproduction equipment, defective parts or workmanship and employee’s vehicles are not covered.

Trailer – Maximum cover Third Party attached.

Vehicles over 25 years of age cover Third Party only.

In the event of a claim, bonus proof is reduced to nil.

Underwriters’ liability does not operate until acceptance has been notified or a cover note delivered to the Proposer. If the Proposer should disclose any special features the Underwriters’ may quote “Special Terms” and they reserve the right to decline any proposal.

A copy policy may be obtained on request. We recommend that you ensure that the cover meets your requirements.

THIRD PARTY ONLY

The policy provides cover for the vehicles in the custody or control of the Insured whilst being used on the Public Highway, or temporarily parked during the course of a journey or whilst garaged or parked at the private residence of the Insured or Partner.

Third Party Liability: Unlimited indemnity for injury.

£1,000,000 Indemnity for Third Party property damage.

Legal Representation: including expenses for defence of manslaughter charge to £1,000.

Foreign Use: Green Card required to maintain Policy Cover.

THIRD PARTY FIRE & THEFT – all of the above plus the following:

Fire & Theft: Loss by fire or theft or attempted theft of vehicles in your possession up to the maximum amount as stated in the schedule and accepted by Underwriters, in all, during any one period of Insurance. Trade market value will apply to vehicles owned by the Insured or Partner.

Excess: All claims for fire or theft will exclude the first £250 of any loss or as advised by Underwriters, or 10% of the costs and expenses, whichever is the greater. An additional £250 excess applies to convertibles. A further excess applies within the policy for drivers under 25 years of age. Further excess will apply for involvement with vehicle imports, collection & delivery and recovery agents.

Excluding any loss whilst insured vehicle is parked, kept on, in, adjacent to or within a radius of 400 metres of any premises owned by, or in the occupation of, the Insured (other that their private residence) or any Motor Trader.

COMPREHENSIVE – all of the above plus the following:

Own Damage: Accidental damage to vehicles in your possession up to the maximum amount as stated on the schedule and accepted by Underwriters, in all, during one period of Insurance. Trade market value will apply to vehicles owned by the Insured or Partner.

Excess: All claims for Accidental Damage will exclude the first £250 of any loss or as advised by Underwriters, or 10% of the costs and expenses, whichever is the greater. An additional £250 excess applies to convertibles. A further excess applies within the policy for drivers under 25 years of age. Further excess will apply for involvement with vehicle imports, collection & delivery and recovery agents.

Cancellation Rates

Irrespective of policy period, all policies will be cancelled on current short period rates less any administration fees.