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Motortrader-online Summary of Cover 2
This is a brief
outline only – a copy of the policy wording including all terms & conditions may
be obtained on request.
Cover
Accidental
Damage, Fire, Theft and Third Party Liability. Indemnity limited to £1,000,000
in respect of damage to Third Party property.
Use
Motor Trade
business use. Social, domestic and pleasure (certain vehicles are excluded)
Demonstration purposes for full UK licence holders whilst accompanied by a
person named on the cover note or certificate of insurance, may be included on
payment of an additional premium.
Vehicles
The
Policyholder’s own vehicles and/or any motor vehicle in the Policyholder’s
custody or control for motor trade purposes.
Drivers
Named and
approved driver – Maximum of 4 drivers with Motor Trade use and social,
domestic and pleasure. Up to 2 Spouses for social, domestic and pleasure.
Excess
£500 for any
accidental damage, fire or theft claim. This may be reduced to £250 on payment
of an additional premium.
Indemnity
£7,500 cover is
provided by the policy for loss or damage to any one vehicle. This may be
increased on payment of an additional premium. (Part time traders maximum
£7,500).
Additional
Information
Exclusions
The policy does
not include cover for the following, which should be insured separately:-
1,
Employees’ vehicles
2,
Steam driven vehicles or vehicle transporters capable or carrying more than 2
vehicles.
3,
Loss or damage to vehicles at the business premises, on a road at, or in the
vicinity of the
business premises.
Business
Any building or
land used for Motor Trade purposes other than the private
Premises residence of the
policyholder or named driver.
No Claims
In the event of
a claim No claim Bonus Entitlement is reduced by 2 years. In the
Bonus
event of a full recovery being made
then the entitlement will be reinstated. The maximum Bonus entitlement is 4
years.
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