Driveline Commercial/Fleet - GT Insurance · 2 It will help You to: • decide whether this...
Transcript of Driveline Commercial/Fleet - GT Insurance · 2 It will help You to: • decide whether this...
Global Transport & Automotive Insurance Solutions Pty LtdABN 93 069 048 255 AFS Licence No 240714
Sydney Brisbane Townsville Melbourne Adelaide Darwin Perth Newcastle Albury
Driveline Commercial/FleetProduct Disclosure Statement and Policy Document
106708 POL553 GT Driveline Fleet cov_D10.indd 1 24/01/2017 10:59 am
106708 POL553 GT Driveline Fleet cov_D10.indd 2 24/01/2017 10:59 am
1
Table of contentsPage
Introduction 2
Otherinformation 2
Summaryoftheavailablecovers 3
Definitions 7
Excess 9
TheCover 10
PartA–LossorDamage 10
AdditionalbenefitsapplicabletoPartA 11
SpecificconditionsapplicabletoPartA 15
SpecificexclusionsapplicabletoPartA 15
PartB–Liabilitytothirdparties 16
AdditionalbenefitsapplicabletoPartB 17
SpecificexclusionsapplicabletoPartB 18
Generalexclusions 19
Generalconditions 21
Claimsprocedures 23
Optionalconditions 24
Optionalbenefits 26
106708 POL553 GT Driveline Fleet txt_D10.indd 1 24/01/2017 11:04 am
2
ItwillhelpYouto:
• decidewhetherthisinsurancewillmeetYourneeds;and
• compareitwithotherproductsYoumaybeconsidering.
PleasenotethatanyrecommendationoropinioninthisdocumentisofageneralnatureonlyanddoesnottakeintoaccountYourobjectives,financialsituationorneeds.
YouneedtodecideifthisinsuranceisrightforYouandYoushouldreadallofthedocumentsthatmakeupthePolicytoensureYouhavethecoverYouneed.
PreparationDate:17/11/2016.
Updating the PDSWemayneedtoupdatethisPDSfromtimetotimeifcertainchangesoccurwhererequiredandpermittedbylaw.WewillissueYouwithanewPDSorasupplementaryPDSorothercompliantdocumenttoupdatetherelevantinformationexceptinlimitedcases.Wheretheinformationisnotsomethingthatwouldbemateriallyadversefromthepointofviewofareasonablepersonconsideringwhethertobuythisinsurance,WemayissueYouwithnoticeofthisinformationinotherformsorkeepaninternalrecordofsuchchanges(YoucangetapapercopyfreeofchargebycontactingUsusingOurdetailsonthebackcoverofthisPDS).OtherdocumentsmayformpartofourPDSandPolicy.IftheydoWewilltellYouintherelevantdocument.
Other informationIf this insurance has been issued through an insurance intermediaryIfYourPolicyhasbeenissuedthroughOuragent,orabrokerwhoisactingunderabinderarrangementwithUs,thentheyareactingasOuragentandnotasYouragent.
IfYourPolicyhasbeenissuedbyabroker,otherthanabrokeractingunderabinderagreementwithUs,thenthebrokerisactingasYouragent.
WherethisPolicyhasbeenarrangedthroughanintermediaryacommissionispayablebyUstothemforarrangingtheinsurance.
Phone for assistanceIfYouneedtoclarifyanyoftheinformationcontainedinthisPolicydocumentorYouhaveanyotherqueriesregardingYourinsurancePolicy,pleaseUsethecontactdetailsbelow.
IntroductionWelcomeandthankYouforchoosingtheGlobalTransportDriveLineInsurancePolicy.
The InsurerAllianzAustraliaInsuranceLimitedAFSLicenceNo.234708ABN15000122850of2MarketStreet,Sydney,NSW,2000.
The Underwriting AgencyGlobalTransport&AutomotiveInsuranceSolutionsPtyLtd(GTInsurance)AFSLicenceNo.240714ABN93069048255ofLevel6,55ChandosStreet,StLeonardsNSW2065isanunderwritingagencywhichspecialisesinarranginginsuranceinrespectofMotorVehiclesandMobilePlant.GTInsuranceactsastheagentofAllianztomarket,solicit,offer,arrangeandadministertheinsurance.GTInsurancehasabindingauthoritytoissue,varyandcancelthisinsuranceandtodealwithorsettleclaimsonbehalfofAllianz.IfYouneedinformationaboutthisinsuranceinthefirstinstance,contactGTInsurance.
Accident AssistGTInsuranceoffersemergencyresponse,AccidentcoordinationandsupportforYouandYourMotorVehiclesandMobilePlant24hoursaday,365daysayear.
GTAccidentAssistcanbecontactedattheir24hourcallcentretelephonenumber1800783251andoffersthefollowingbenefitstoYou:
• afterAccidentclaimsreportingservice;
• generalinformationrelatingtorepairersandoperatinghours;
• co-ordinationofalternativetransportandaccommodation;
• co-ordinationofafterAccidentcounsellingservicesifrequired;
• urgentmessagerelayservice.
GTAccidentAssistissuppliedbyCar-TrekAustraliaPtyLtdtradingasISSFirstResponse,ABN60506986136of10-14TowerCourt,NoblePark,MelbourneVic3174.
About this insuranceThisPolicydocumentisalsoaProductDisclosureStatement(PDS).APDSisadocumentrequiredbytheCorporationsAct2001andcontainsinformationdesignedtohelpYoudecidewhethertobuyit.
Thisisanimportantdocument.Youshouldreaditcarefullybeforemakingadecisiontopurchasethisinsurance.
106708 POL553 GT Driveline Fleet txt_D10.indd 2 24/01/2017 11:04 am
3
• allofthedocumentsthatmakeupthePolicy,includingtheScheduleandanyendorsementsorotherwrittenchangestothecoverWeissuetoYouwhichcontainspecificdetailsrelevanttoYouwhichcanaffectthecover.
HeadingsareprovidedforreferenceonlyanddonotformpartofYourPolicyforinterpretationpurposes.
Applying for coverWhenYouapplybycompletingOurapplicationprocessYouneedtoprovidetheinformationWerequiretodeterminewhethertoissueaPolicyandifso,onwhatterms,including(totheextenttheyareoptional):
• thecoversandbenefitsYouwant(includingthepropertyYouwishtocover):
• thelimitsYouwant;
• theperiodofcoverYouwant;
• whetherYouwantanythirdpartiestobenotedashavinganinterest;
• theExcessesthatYouwanttocontributeforcertainclaims;
• whetheranystandardtermsneedtobevaried(thismaybebywayofanendorsement).
WhereWeagreetoissueaPolicy,coverisprovidedonthebasis:
• thatYouhavepaidoragreedtopayUsthepremiumforthecoverprovided;
• oftheverbaland/orwritteninformationprovidedbyYouwhichmusthavebeengiveninaccordancewithYourDutyofDisclosure.
IfYoufailtocomplywithYourDutyofDisclosureorhavemadeamisrepresentationtoUs,WemaybeentitledtoreduceOurliabilityunderthePolicyinrespectofaclaimand/orWemaycancelthePolicy.IfYouhavetoldUssomethingwhichisfraudulent,WealsohavetheoptionofvoidingthePolicy(i.e.treatingitasifitneverexisted).
YourDutyofDisclosureandtheconsequencesofnon-disclosure,areprovidedundertheheadingYourDutyofDisclosure.
Our contract with YouWhereWeagreetoenterintoaPolicywithYouitisacontractofinsurancebetweenUsandYou(seethedefinitionofYoufordetailsofwhoiscoveredbythisterm).
ThePolicyconsistsof:
• thisdocumentwhichsetsoutthestandardtermsofYourcoveranditslimitations,
Forallenquiries,pleasecall:
GTInsuranceAFSLicenceNo.240714ACN069048255ABN93069048255Level6,55ChandosStreetStLeonardsNSW2065POBox507StLeonardsNSW1590Website:www.gtins.com.auPhone:(02)99668820Fax:(02)99668840
Summary of the available coversPart A – Loss or DamageThiscoverslossorDamagetoYourInsuredItems(s).
Part B – Liability to third partiesThiscoversYourlegalliabilitytopayforDamageorinjurycausedbyYourregisteredInsuredItem(s)(otherthaninjurycoveredbyaCTPPolicy).
Understanding Your Policy and its important terms and conditionsToproperlyunderstandYourPolicy’ssignificantfeatures,benefitsandrisks,Youneedtocarefullyreadabouttheavailabletypesofcover,benefitsandlimitations.Youalsoneedtoread:
• therestofthisIntroduction,whichsetsouthowYouapplyforcover,thebasisonwhichWeinsureYou,theDutyofDisclosureYouneedtomeetbeforeWeinsureYou,OurPrivacyinformationandOurdisputeresolutionprocedures;
• theDefinitions,whichsetsoutwhatWemeanbycertainwordsusedinYourPolicy;
• theExcesswhichsetsoutthetypeofExcessesthatareapplicabletoPartsAandBofthisPolicy;
• theGeneralExclusions,theSpecificExclusionsapplicabletoPartAandtheSpecificExclusionsapplicabletoPartBandthelimitsthatapplytoallcoversandbenefits;
• theGeneralConditionsandtheSpecialConditionsapplicabletoPartAsetoutcertaingeneralrightsandobligationsthatapplytoYouandtoUs.IfYoudonotmeetYourobligations,WemaybeabletorefusetopayYouormayreducewhatWepayforaclaimtotheextentpermittedbylaw;
• theClaimsProcedureswhichdetailwhatYoushoulddoifYoubecomeawareofanEventthatmayresultinYoumakingaclaim;
106708 POL553 GT Driveline Fleet txt_D10.indd 3 24/01/2017 11:04 am
4
• YourcurrentScheduleissuedbyUs.TheScheduleisaseparatedocumentwhichshowstheinsurancedetailsrelevanttoYou.Itmayincludeadditionalterms,conditionsandexclusionsrelevanttoYouthatamendthestandardtermsofthisdocument.OnlythosesectionsspecifiedascoveredinYourScheduleareinsured;and
• anyotherchangetothetermsofthePolicyotherwiseadvisedbyUsinwriting(suchasanendorsement).ThesewrittenchangesmayvaryormodifythisdocumentorYourSchedule.
Theseareallimportantdocumentsandshouldbecarefullyreadtogetherandkeptinasafeplaceforfuturereference.
WeprovidethecoverspecifiedinthePolicysubjecttoitsterms,conditions,exclusionsandlimitations.
Wereservetherighttochangethetermsofthisinsurancewherepermittedtodosobylaw.
AnyneworreplacementScheduleWemaysendYou,detailingchangestoYourinsuranceorthePeriodofInsurance,willbecomethecurrentSchedule,whichYoushouldcarefullyreadandretain.
PremiumWecalculateYourpremiumaftertakingavarietyoffactorsintoaccount:
• somefactorsarepresete.g.costsofdistributionandprofitcomponent.OtherfactorscanaffecttheamountofYourpremium.ThehigherYourriskprofileis,thehigherYourpremium.UsingOurexperienceWedecidewhatfactorsincreaseYourriskprofileandtheirimpactonYourpremiume.g.IfYouselecthigherlimits,chooselowExcessesorhaveahighclaimsexperience,Yourpremiumusuallyincreases.IfYouselectlowerlimits,choosehigherExcessesorYourclaimsexperienceislow,Yourpremiumusuallyreduces;
• YourpremiumalsoincludesamountsthattakeintoaccountOurobligation(actualorinsomecasesestimated)topayanyrelevantcompulsorygovernmentcharges,taxesorlevies(e.g.StampDuty,GSTandFireServicesLevy)inrelationtoYourPolicy.InsomecasesWearerequiredtopayanestimatedamountbasedoncriteriasetbytheGovernment.Insuchcases,WeallocatetothePolicyOurestimateoftheamountWewillberequiredtopay.Wemayeitherover-recoverorunder-recoverinanyparticularyearandnoadjustmentismadetoYourpremiumbyreferencetothis.Wemaytakeintoaccounttheunderorover-recoveryforOurcalculationoftheallocationtopoliciesinfutureyears.YoucanaskUsformoredetailsifYouwish.
Minimumpremiumsmayapply.Insomecases,discountsmayapplyifYoumeetcertaincriteriaWeset.Anydiscounts/entitlementsonlyapplytotheextentanyminimumpremiumisnotreached.IfYouareeligibleformorethanone,Wealsoapplyeachoftheminapredeterminedordertothepremium(excludingtaxesandGovernmentcharges)asreducedbyanypriorapplieddiscounts/entitlements.AnydiscountswillbeappliedtothebasepremiumcalculatedpriortoanytaxesorGovernmentchargesbeingadded.
Discountsareavailableatthetimeofprintingandaresubjecttochange.
WemayalsochargeYouaPolicyfeewhichwillbeshowninYourSchedule.ThePolicyfeeischargedforarrangingtheissueofYourPolicy.
WhenYouapplyforthisinsurance,Youwillbeadvisedofthetotalpremiumamountpayable,whenitneedstobepaidandhowitcanbepaid.ThisamountwillbesetoutintheSchedule,whichwillbesenttoYouafterthePolicycommencementdate.IfYoufailtopayWemayreduceanyclaimpaymentbytheamountofpremiumowingand/orcancelthePolicy.
Your obligation to comply with the Policy terms and conditionsYouarerequiredtocomplywiththetermsandconditionsofthePolicy.PleaserememberthatifYoudonotcomplywithanytermorcondition,Wemay(totheextentpermittedbylaw)declineorreduceanyclaimpaymentand/orcancelYourPolicy.
IfmorethanonepersonisinsuredunderthePolicy,afailureorwrongfulactionbyoneofthosepersonsmayadverselyaffecttherightsofanyotherpersoninsuredunderthePolicy.
How to make a claimDetailsabouthowtomakeaclaimareprovidedinthisdocumentundertheClaimsProceduresection.
Cooling off periodYoucanexerciseYourcoolingoffrightsandcancelthePolicywithin14daysofthedateYoupurchasedthePolicyandreceivearefundofthepremiumpaid,providedYouhavenotexercisedanyrightorpowerunderthePolicy(e.g.madeanyclaim)andtheserightsandpowershavenotended.
WemaydeductanyreasonableadministrativeandtransactioncostsincurredbyUsthatarereasonablyrelatedtotheacquisitionandterminationofthePolicyandanyGovernmenttaxesordutiesWecannotrecover,fromYourrefundamount.
106708 POL553 GT Driveline Fleet txt_D10.indd 4 24/01/2017 11:04 am
5
Afterthecoolingoffperiodhasended,Youstillhavecancellationrights,howeverWemaydeductaprorataproportionofthepremiumfortimeonrisk,plusanyreasonableadministrativecostsandanyGovernmenttaxesordutiesWecannotrecover.SeeCancellationrightsunderYourPolicybelow.
Cancellation rights under Your PolicyHow You may cancel this Policy
YoumaycancelthisPolicyatanytimebytellingUsinwritingthatYouwanttocancelit.YoucandothisbygivingthenoticetoYourbrokerorUs.
WherethereismorethanonecontractinginsuredWewillonlycancelthePolicywhenawrittenagreementtocancelthePolicyisreceivedfromallcontractinginsured’snamedastheinsuredorfromapersonauthorisedtoactasagentofallsuchpersons.
How We may cancel this Policy
WehavetherighttocancelthePolicywherepermittedbyandinaccordancewithlaw.Forexample,Wemaycancel:
• ifYoufailedtocomplywithYourDutyofDisclosure;or
• whereYouhavemadeamisrepresentationtoUsduringnegotiationspriortotheissueofthePolicy;or
• whereYouhavefailedtocomplywithaprovisionofthePolicy,includingthetermrelatingtopaymentofpremium;or
• whereYouhavemadeafraudulentclaimunderthePolicyorundersomeothercontractofinsurancethatprovidescoverduringthesameperiodoftimethatthePolicycoversYou,
andWemaydosobygivingYouthreedaysnoticeinwritingofthedatefromwhichthePolicywillbecancelled.ThenotificationmaybedeliveredpersonallyorpostedtoYouattheaddresslastnotifiedtoUsordeliveredtoYourintermediary.
IfYouorWecancelthePolicyWemaydeductaprorataproportionofthepremiumfortimeonrisk,reasonableadministrativeandtransactioncostsWeincurrelatedtotheacquisitionandterminationofthePolicyandanyGovernmenttaxesordutiesWecannotrecover.
IntheeventthatYouhavemadeaclaimunderthePolicyandWehaveagreedtopaythefullSumInsuredforYourInsuredItem,noreturnofpremiumwillbemadeforanyunusedportionofthepremiumontheInsuredItem.
Premium funders
IfthepremiumhasbeenfundedbyapremiumfundingcompanywhichholdsalegalrightoverthePolicybyvirtueofanoticeofassignmentand/orirrevocablepowerofattorney,andthepremiumfundingcompanyrequestscancellationofthePolicy,arefundwillbemadetothepremiumfundingcompanyoftheproportionatepartofthepremiumapplicabletotheunexpiredPeriodofInsurance.
Your Duty of DisclosureBeforeYouenterintothisinsurancewithUs,YouhaveadutyofdisclosureundertheInsuranceContractsAct1984.
TheActimposesadifferentdutythefirsttimeYouenterintoacontractofinsurancewithUstothatwhichapplieswhenYouvary,extendorreinstatethecontract.
Thisdutyofdisclosureappliesuntilthecontractisenteredinto(orvaried,extendedorreinstatedasapplicable).
Your Duty of Disclosure when You enter into the contract with Us for the first time
WhenansweringOurspecificquestionsthatarerelevanttoOurdecisionwhethertoaccepttheriskoftheinsuranceand,ifso,onwhatterms,YoumustbehonestanddisclosetoUsanythingthatYouknowandthatareasonablepersoninthecircumstanceswouldincludeinanswertothequestions.
ItisimportantthatYouunderstandYouareansweringOurquestionsinthiswayforyourselfandanyoneelsethatYouwanttobecoveredbythecontract.
Your Duty of Disclosure when You vary, extend or reinstate the contract
WhenYouvary,extendorreinstatethecontractwithUs,YourdutyistodisclosetoUseverymatterthatYouknow,orcouldreasonablybeexpectedtoknow,isrelevanttoOurdecisionwhethertoaccepttheriskoftheinsuranceand,ifso,onwhatterms.
What You do not need to tell Us
Yourdutyhoweverdoesnotrequiredisclosureofanymatter:
• thatdiminishestherisktobeundertakenbyUs;or
• thatisofcommonknowledge;or
• thatWeknowor,intheordinarycourseofOurbusinessasaninsurer,oughttoknow;or
• astowhichcompliancewithYourdutyiswaivedbyUs.
Non-disclosure
IfYoufailtocomplywithYourDutyofDisclosure,WemaybeentitledtoreduceOurliabilityunderthecontractinrespectofaclaim,cancelthecontractorboth.
IfYournon-disclosureisfraudulent,Wemayalsohavetheoptionofavoidingthecontractfromitsbeginning.
Privacy noticeWegiveprioritytoprotectingtheprivacyofYourpersonalinformation.WedothisbyhandlingpersonalinformationinaresponsiblemannerandinaccordancewiththePrivacyAct1988(Cth).InthisPrivacyNotice,We,Our,UsmeansGlobalTransport&AutomotiveInsuranceSolutionsPtyLtdandAllianzAustraliaInsuranceLimited.
106708 POL553 GT Driveline Fleet txt_D10.indd 5 24/01/2017 11:04 am
6
How We collect Your personal information
WeusuallycollectYourpersonalinformationfromYouorYouragents.WemayalsocollectitfromOuragentsandserviceproviders;otherinsurersandinsurancereferencebureaus;peoplewhoareinvolvedinaclaimorassistUsininvestigatingorprocessingclaims,includingthirdpartiesclaimingunderYourPolicy,witnessesandmedicalpractitioners;thirdpartieswhomaybearranginginsurancecoverforagroupthatYouareapartof;lawenforcement,disputeresolution,statutoryandregulatorybodies;marketinglistsandindustrydatabases;andpubliclyavailablesources.
Why We collect Your personal information
WecollectYourpersonalinformationtoenableUstoprovideOurproductsandservices,includingtoprocessandsettleclaims;offerOurproductsandservicesandthoseofOurrelatedcompanies,brokers,intermediariesandbusinesspartnersthatmayinterestYou;andconductmarketorcustomerresearchtodeterminethoseproductsorservicesthatmaysuitYou.
Who We disclose Your personal information to
WemaydiscloseYourpersonalinformationtootherswithwhomWehavebusinessarrangementsforthepurposeslistedintheparagraphaboveortoenablethemtooffertheirproductsandservicestoYou.Thesepartiesmayincludeinsurers,intermediaries,reinsurers,insurancereferencebureaus,relatedcompanies,Ouradvisers,personsinvolvedinclaims,externalclaimsdatacollectorsandverifiers,partiesthatWehaveaninsuranceschemeinplacewithunderwhichYoupurchasedYourPolicy(suchasafinancierorMotorVehiclemanufacturerand/ordealer).DisclosuremayalsobemadetoGovernment,lawenforcement,disputeresolution,statutoryorregulatorybodiesorasrequiredbylaw.
Disclosure overseas
YourpersonalinformationmaybedisclosedtoothercompaniesintheAllianzGroup,businesspartners,reinsurersandserviceprovidersthatmaybelocatedinAustraliaoroverseas.Thecountriestowhichthisinformationmaybedisclosedwillvaryfromtimetotime,butmayincludeCanada,Germany,NewZealand,UnitedKingdom,UnitedStatesofAmericaandothercountriesinwhichtheAllianzGrouphasapresenceorengagessubcontractors.WeregularlyreviewthesecurityofOursystemsusedforsendingpersonalinformationoverseas.Anyinformationdisclosedmayonlybeusedforthepurposesofcollectiondetailedaboveandsystemadministration.
Access to Your personal information and complaints
YoumayaskforaccesstothepersonalinformationWeholdaboutYouandseekcorrectionbycalling(02)99668820EST8.45am-5pm,MondaytoFriday,orbywritingtoUsatGTInsurance,POBox507,StLeonardsNSW2065.OurPrivacyPolicycontainsdetailsabouthowYoumaymakeacomplaintaboutabreachoftheprivacyprinciplescontainedinthePrivacyAct1988(Cth)andhowWedealwithcomplaints.OurPrivacyPolicyisavailableatwww.gtins.com.auandwww.allianz.com.au.
General Insurance Code of PracticeTheGeneralInsuranceCodeofPracticewasdevelopedbytheInsuranceCouncilofAustraliatofurtherraisestandardsofpracticeandserviceacrosstheinsuranceindustry.WekeenlysupportthestandardssetoutintheCode.YoucanobtainmoreinformationontheCodeofPracticeandhowitassistsYoubycontactingUs.
Complaints – Internal and external complaints procedureIfYouaredissatisfiedwithOurserviceinanywaycontactUsandWewillattempttoresolvethematterinaccordancewithOurcomplaintshandlingprocedures.ToobtainacopyofOurprocedurescontactUson(02)99668820orvisitwww.gtins.com.au.IfWedon’tresolvethemattertoYoursatisfactionYoumaybeabletoreferittotheFinancialOmbudsmanServiceAustralia(FOS)subjecttoitstermsofreference.Itprovidesafreeandindependentdisputeresolutionserviceforconsumerswhohavegeneralinsurancedisputesfallingwithinitstermsofreferenceanditscontactdetailsare:
TheFinancialOmbudsmanServiceAustraliaPhone:1800367287Post:GPOBox3,Melbourne,Victoria3001Website:www.fos.org.au
Renewal procedureBeforeYourPolicyexpires,WewilladviseYouwhetherWeintendtoofferrenewalofYourPolicyandifsoonwhatterms.
ThisdocumentalsoappliesforanyofferofrenewalWemaymake,unlessWetellYouotherwise.
IfWeofferrenewal,WewillsendYouanoticeadvisingtherenewaltermsandtheamountpayabletorenewthePolicy.
ItisimportantthatYoucheckthetermsofanyrenewalofferbeforerenewingtosatisfyyourselfthatthedetailsarecorrect.Inparticular,checktheSumInsuredamountsandExcess(es)applicableandtoensurethelevelsofcoverareappropriateforYou.YoualsoneedtotakeintoaccountanyunderinsuranceprovisionsofthePolicy.
PleasenotethatYouneedtocomplywithYourDutyofDisclosurebeforeeachrenewal(seeabove).
106708 POL553 GT Driveline Fleet txt_D10.indd 6 24/01/2017 11:04 am
7
Terrorism Insurance ActWehavedeterminedthatthePolicy(orpartofit)isaPolicytowhichtheTerrorismInsuranceAct2003(theAct)applies.WehavereinsuredOurliabilityundertheActwiththeCommonwealthGovernmentreinsurer,theAustralianReinsurancePoolCorporation(ARPC).Asaconsequence,WearerequiredtopayapremiumtoARPCandthatamount(togetherwiththecostofthatpartofthecoverprovidedbyUsandadministrativecostsassociatedwiththelegislation)isreflectedinthepremiumchargedtoYou.AswithanyotherpartofOurpremium,itissubjecttoGovernmenttaxesandchargessuchasGST,StampDutyand,whereapplicable,FireServiceLevy.ForfurtherinformationcontactGlobalTransport&AutomotiveInsuranceSolutionsPtyLtdorYourintermediary.
Financial Claims SchemeIntheunlikelyeventthatAllianzAustraliaInsuranceLimitedweretobecomeinsolventandcouldnotmeetitsobligationsunderthePolicy,apersonentitledtoclaimunderthePolicymaybeentitledtopaymentundertheFinancialClaimsScheme(accesstotheSchemeissubjecttoeligibilitycriteria).InformationabouttheFinancialClaimsSchemecanbeobtainedfromtheAPRAwebsiteathttp://www.apra.gov.auandtheAPRAhotlineon1300558849.
DefinitionsThesedefinitionshavespecialmeaningandapplytoallSectionsofYourPolicy,unlesstheyaredefineddifferentlyintherelevantSection.
Accident meansanunexpected,unforeseenorunintendedincidentinvolvingYourInsuredItem.
Accidental Damage meansDamageastheconsequenceofanAccident.
Agreed Value meanstheamountspecifiedintheScheduleastheAgreedValue(ifapplicable)forYourInsuredItem.WewillpayYoutheAgreedValueamountifYourInsuredItemisdeemedtobeaTotalLossbyUs.
Airfield,Airport meansanareaoflandsetasideforthetakeoff,landing,taxiing,parkingandmaintenanceofaircraft.
Damage(d) meansphysicallossordestruction.
Dry Hire(d) meansthatYouhireYourInsuredItemtoanotherpersonbutYoudonotsupplyanEmployeetodriveoroperateYourInsuredItem.
Dangerous Goods meanssubstancesormaterialscodifiedundertheAustralianDangerousGoodsCode(ADGCode)fortheirtransportationasdefinedintheCode(s)anddiesel.
Employee orEmployees meansanyperson(s):
a) engagedinthebusinessunderacontractofserviceorapprenticeship;or
b) suppliedtoYoubyacontractoflabourhire.
Event(s) meansoneincidentorallincidentsofaseriesconsequentuponorattributabletooneoriginatingcause.
Excess(es) meanseithertheamount(s)ofmoneyspecifiedintheScheduleorotherwisestatedinYourPolicythatYoumustcontributeasthefirstpaymentforeachclaim,ortheperiodspecifiedintheScheduleorotherwisestatedinYourPolicyforwhichnopaymentwillbemadebyUs.
Family Member meansanypersonwhoisorwasatanytime:
a) Yourparent,siblingorchild;
b) Yourspouse,spouseequivalent,domesticpartnerordomesticcompanion;or
c) aparent,siblingorchildofapersoninclauseb.above.
Aspouseequivalentmeansaperson,whetherofthesamesexornot,whoordinarilyliveswithYouinagenuinepersonalanddomesticrelationshipsimilartotherelationshipofhusbandandwife.
GVM meansGrossVehicleMasswhichisthetotalweightoftheMotorVehicleincludingthebody,payload,fuelandthedriver.
Indemnity orIndemnify meansthatifthereisDamagedirectlycausedbyanyoftheEventscovered,WewillatOuroptionpayYouinaccordancewiththeBasisofSettlementapplicabletotherelevantSection.
Insured Item meansMotorVehicleand/orMobilePlantasotherwisedefinedwithinthisDefinitionsection.
Malicious Damage meansintentionalDamagedonetoYourInsuredItembysomeoneelsewithoutYourconsent.
Market Value meansthevalueofYourInsuredItemimmediatelypriortothelossorDamageusingmarketpricesexclusiveofGST,stampdutyandtransferfeesandtakingintoconsiderationthemake,model,specificationsandconditionofYourInsuredItem.
Mobile Plant meansanyselfpropelledappliance,equipment,machineryorimplementincludingassociatedtools,components,fittingsandaccessoriesandthatisnotdesignedprimarilyforthetransportationofpeopleorcargoonpublicroadsandthoroughfares.
ItalsoincludesanyassociatedattachmentfortheMobilePlantthat:
a) isdescribedinYourSchedule;
b) ispermanentlyattachedtotheMobilePlant;or
c) hasaMarketValuenogreaterthan10%oftheMobilePlantSumInsured.
Italsoincludeshiredinornon-ownedMobilePlantascoveredbyOptionalBenefitEC122butdoesnotincludeMotorVehiclesorVehicleLoadingCranesasotherwisedefinedwithinthisDefinitionsection.
106708 POL553 GT Driveline Fleet txt_D10.indd 7 24/01/2017 11:04 am
8
Motor Vehicle(s) meanstheMotorVehicle(s)and/ortrailer(s),specifiedinYourScheduleorotherdocumentsformingYourPolicy,including:
a) sign-writing;and
b) accessoriescomprisingrefrigerator,radio,CBradio,CDplayer,DVDplayer,telephone,TVreceiverandGPSreceiverbutallonlywhilstattachedtoorwithinYourMotorVehicle;and
c) standardtools,accessoriesandappliancesassuppliedbytheMotorVehiclemanufacturer;and
d) ramps,ropes,binders,chains,chaindogs,pogosticks,tarpaulins,gates;and
e) fixedunspecifiedaccessories.
ThemaximumWewillpayforitemsunderd)ande)islimitedto$10,000inclusivetoandnotoverandabovetheMarketValue,perEvent,perMotorVehicle,unlessotherwisespecifiedinYourPolicySchedule;and
f) anyotheragreedaccessoriesorequipmentfittedtoYourMotorVehiclewhicharespecifiedinYourScheduleorotherwisespecificallycoveredbyYourPolicy.
ItdoesnotincludeMobilePlantasotherwisedefinedwithinthisDefinitionsection.
Optional Benefit meanstheendorsement(s)orclausesdescribedundertheOptionalBenefitssectionofthisPolicy.OptionalBenefitsarenotapplicableunlesstheyareshownasbeingapplicableinYourSchedule.
Optional Conditions meanstheendorsement(s)orclausesdescribedundertheOptionalConditionssectionofthisPolicy.OptionalConditionsarenotapplicableunlesstheyareshownasbeingapplicableinYourSchedule.
Period of Insurance meanstheperiodcommencingontheeffectivedateandendingontheexpirydateasshownintheSchedule.
Policy meansthisdocument,theSchedule,Proposalandanyendorsement,OptionalCondition,OptionalBenefit,restriction,specification,attachmentormemorandaaffixedtoitandanyotherdocumentthatWeagreeinwritingwillformpartofthePolicy.
Pollutants meansanysolid,liquid,gaseous,orthermalirritantorcontaminantincludingbutnotlimitedtosmoke,vapour,soot,fumes,acid,alkalis,chemical,asbestosorwastematerial.
Proposal meanstheapplicationformcompletedbyYouoronYourbehalf,includinganyon-lineapplication,andinwhichYouprovidedtheinformationuponwhichWereliedindecidingtoissueYouwithYourPolicy.
Schedule meansthemostcurrentScheduletoYourPolicythatWegiveYouwhichspecifiesdetailssuchasthecoversectionsthatapply,includingOptionalBenefits,OptionalConditions,restrictions,Policynumber,relevantInsured
Items,SumInsuredsorAgreedValues(ifapplicable),Excess(es),limitsofIndemnity,sublimits,additionalendorsementsand/orconditionsandpremium.ItalsoincludesanydocumentsthatWeandYouagreeinwritingwillformpartoftheSchedule.
Substitute Vehicle meansavehiclenotbelongingtoYouwhichisusedbyYouwiththeconsentoftheownerwhilstYourInsuredItemcannotbeusedbecauseitisundergoingrepairorservice.
Sum Insured meanstheamount(s)statedinYourPolicyScheduleandisthemaximumamountWewillpay,lessanyapplicableExcess(es).
Territorial Limits meansthatgeographicalareaanywherewithinAustraliaorNewZealandunlessstatedotherwisewithinanindividualcoversection.
Time Excessmeansaperiodof14dayswherethereisnocoverprovidedfromthetimeYounotifyUsoflossorDamage.
Total Loss meanswhereYourInsuredItemisstolenandnotrecoveredwithinareasonableperiodoftime,orsufferslossorDamageandWeconsiderthecostofrepairingitiseitherunsafeoruneconomical.
Total Loss Amount means:
a) thelesseroftheMarketValueorSumInsuredofYourInsuredItem;or
b) theAgreedValueamountspecified(ifapplicable)forYourInsuredItem,
LessthecumulativeamountofanyapplicableExcesses.
Vehicle Loading Crane meansacranethatismountedtoYourMotorVehiclefortheexpresspurposeofloadingorunloadinggoodsfromthatMotorVehicle.
ItdoesnotincludeMobilePlantasotherwisedefinedwithinthisDefinitionsection.
Wet Hire meansthatYouhireYourMobilePlanttoanotherpartywithYourEmployeetodriveandoperateYourMobilePlant.
We, Us,Our meansAllianzAustraliaInsuranceLimitedAFSLicenceNo.234708ABN15000122850exclusivelythroughitssubsidiaryandunderwritingagentGlobalTransport&AutomotiveInsuranceSolutionsPtyLtdAFSLicenceNo240714ABN93069048255.
You orYour referstothosenamedastheinsuredinYourPolicyScheduleandtheirsubsidiarycompaniesandotherentitiesinwhichtheyhaveacontrollinginterestatthecommencementofthePeriodofInsuranceandotherthirdpartiesorpersonswhoarespecificallyprovidedwithcoverunderthePolicy.
106708 POL553 GT Driveline Fleet txt_D10.indd 8 24/01/2017 11:04 am
9
(i) aged25oroverbutwithlessthan2yearsexperiencewiththisclassofMotorVehicle–$5,000.
d) IfYourMobilePlantwasbeingdriven,operatedbyorwasinthecontrolofapersonassetoutbelow,thefollowingadditionalExcessperclaimshallapply;
(i) under21yearsofage–$1,000;
(ii) aged21andunder25yearsofage–$500.
Tipping Excess
IfYourMotorVehicleisarigidbodytipper,atippingtraileroratrailerdesignedwithhydraulicstoselfloadorunloadanytypeofgoodsandlossorDamageoccurswhilstanyhoist,ramorstabilizinglegispartiallyorfullyextendedthebasicExcesspayablebyYouwillbeincreasedby100%(doubled).
Outside Radius Excess
IfYourMotorVehicleisabusorcoach,articulatedorgoodscarryingvehicleof8tonnesGVMorgreaterandisbeingdrivenoutsidetheradiuslimitshownintheScheduletheExcesspayablebyYouwillbeincreasedby100%(doubled).
Trailer Excess – Liability to third parties
IfYourliabilityarisesfromatrailerbeingtowed,YouwillcontributethecumulativeamountofapplicableExcess(es)inrespectofthetowingMotorVehicle.
Non-owned Trailer Excess
IfYourInsuredItemisatrailerandissubjecttoaclaimunder:
a) AdditionalBenefitapplicabletoPartB6.Non-ownedTrailer(Liability);or
b) OptionalBenefitEC104Non-ownedTrailer(Liability);or
c) OptionalBenefitEC112Non-ownedTrailer(Comprehensive),
thenabasicExcessof$2,500pertrailershallapplyunlessotherwisespecifiedintheSchedule.
Harvester Terrain Excess
IfYourMobilePlantisaharvester,front,headerordraperanExcessof$10,000willapplyinadditiontoanyotherExcesspayableforanyclaimforlossorDamagearisingfromcollisionorimpactwithterrainincluding,butnotlimitedto,rocks,vegetation,fences,trees,treestumps,logsandgroundundulations.
However,thisHarvesterTerrainExcesswillnotapplyifatthetimeofthelossorDamageYourMobilePlantwasbeingusedonpropertythatYouownorlease.
ExcessExcesses applicable to Parts A and BExcessesareshowninYourPolicyandSchedule.YoumayberequiredtopaymorethanoneExcess.AllExcessesarecumulativeandapplytoeachandeveryInsuredItemforeachandeveryEvent,unlessWestateotherwise.
ThecumulativeamountoftheapplicableExcessesistheamountYoumustcontributeasthefirstpaymentforeachclaim.WewillonlypayforamountsabovethecumulativeamountoftheapplicableExcessesYouarerequiredtopay.
RequestorpaymentofanyExcessamountshouldnotberegardedasanacceptanceofliabilityforaclaimunderthePolicy.
Basic Excess
ThebasicExcessisshownintheScheduleandisthefirstamountYoumustcontributetoeachclaim.OtherExcessesmayapplyinadditiontothebasicExcess.TheseadditionalExcessesareshowninfollowingand/orintheSchedule.
Age or Inexperienced Driver’s Excess
a) IfYourMotorVehicleisabus,sedan,stationwagon,utilityorothergoodscarryingvehiclelessthan8tonnesGVMandwasbeingdrivenbyorwasinthecontrolofapersonassetoutbelow,thefollowingadditionalExcessperclaimshallapply:
(i) under21yearsofage–$700;or
(ii) under21yearsofagewithlessthan2yearsexperience–$1,000;or
(iii) aged21andunder25yearsofage–$350;or
(iv) aged21andunder25yearsofagewithlessthan2yearsexperience–$650;or
(v) aged25yearsoroverwithlessthan2yearsexperience–$300.
b) IfYourMotorVehicleisabusorcoachorarigidtruckof8tonnesGVMorgreaterandwasbeingdrivenbyorwasinthecontrolofapersonassetoutbelow,thefollowingadditionalExcessperclaimshallapply:
(i) aged21oroverbutwithlessthan6monthsexperiencewiththisclassofMotorVehicle–$2,500;or
(ii) aged21yearsandunder25yearsofagewithmorethan6monthsexperiencewiththisclassofMotorVehicle–$500.
c) IfYourMotorVehicleisaprimemoverandwasbeingdrivenbyorwasinthecontrolofapersonassetoutbelow,thefollowingadditionalExcessperclaimshallapply:
106708 POL553 GT Driveline Fleet txt_D10.indd 9 24/01/2017 11:04 am
10
Other Excess
TheremaybeotherExcessesthatapplytoanOptionalBenefit,OptionalConditionoradditionalendorsementsorconditions.TheseExcesses,ifapplicable,willbeshownintheapplicablewordinginthisPolicyorintheSchedule.
Faultless Excess Waiver
IfYourMotorVehicleisasedan,stationwagon,4WD,busorcoachorothergoodscarryingvehicleoflessthan8tonnesGVMandtheamountoftheclaimexceedsthecumulativeamountoftheapplicableExcesses,YouwillnotberequiredtopayanyExcessforaclaimif:
a) WedeterminethattheAccidentwhichgaverisetotheclaimwascompletelythefaultofthedriveroftheothervehicle;and
b) Youhavesuppliedthenameandaddressofthatdriver;and
c) Youhavesuppliedtheregistrationnumberoftheothervehicle.
ThisExcesswaiverprovisionwillnotapplywhereWereasonablybelievethereisanydisputeordisagreementastothepartyliablefortheAccident.
Windscreen Excess Waiver
IfYourMotorVehicleisasedan,stationwagon,4WD,utilityorothergoodscarryingvehicleoflessthan4.5tonnesGVMandtheonlyDamagetoYourMotorVehicleistothewindscreenorotherfixedglass,YouwillnotberequiredtopayanyExcess.
The CoverSubjecttothetermsandconditionsofthisPolicythefollowingcoveroptionsareavailable:
1. PartA–LossorDamage;and
2. PartB–Liabilitytothirdparties
Part A – Loss or DamageScope of cover
WhereYourInsuredItemisshownintheScheduleasinsuredforcoveroptionPartAWewillcoverYouinaccordancewiththeBasisofSettlementfor:
a) AccidentalDamagetoYourInsuredItemincludingDamagecausedbyfloodorearthquake;
b) lossortheftofYourInsuredItemwhereYourInsuredItemisnotrecoveredorrecoveredDamaged;
c) MaliciousDamagetoYourInsuredItem;
thatoccursduringthePeriodofInsuranceandwithintheTerritorialLimits.
Basis of settlement applicable to Part A
SubjecttotheapplicableExcess(es),ConditionsandExclusions,WewillatOuroption:
Repair
IfYourInsuredItemisDamagedandWeconsideritsafeandeconomicaltorepair,WewillpayforthereasonablecoststorepairYourInsuredItemtoitsconditionbeforeitwasDamaged.
Total Loss
IfYourInsuredItemisaTotalLossWewill,
a) paytheMarketValueorSumInsuredfortheInsuredItem,whicheveristhelesser;or
b) replaceYourInsuredItem;or
c) whereYourSchedulespecifiesanAgreedValueforYourInsuredItem,paytheAgreedValueasspecifiedintheSchedule.
Contribution
If,inthecourseofrepairingYourInsuredItemitisnecessarytorepairittoabetterconditionthanitwasinbeforethelossorDamageoccurred,WemayaskYoutocontributetheadditionalamount,abovetheamountwhichWereasonablybelieverepresentstheamounttorepairittothesamecondition,thatisrequiredtorepairittothebettercondition.
106708 POL553 GT Driveline Fleet txt_D10.indd 10 24/01/2017 11:04 am
11
c) OptionalBenefitEC122HiredinandNon-ownedMobilePlant.
3. Delivery expenses
IfYourInsuredItemsufferslossorDamageorifitisstolenandrecoveredundamaged,WewillpaythecostofreturningYourInsuredItemtoYouatYourusualplaceofgaragingordepot.
ThemaximumWewillpayislimitedto$25,000perEvent.
4. Difference in Excess for rental vehicles
WhereYourentasedan,stationwagon,utilityor4WDinconnectionwithYourbusinessandtherentalagreementprovidesalossorDamagewaiver,WewillcoverthedifferencebetweenYourPolicyExcessesandtheexcessapplicableunderthetermsandconditionsoftherentalagreement.
ThemaximumWewillpayislimitedto$5,000.
5. Disablement modification
WewillpaythereasonablecoststocarryoutanynecessarymodificationstoYourMotorVehicleshouldYouorYourEmployee,asofaresultofanAccidentcoveredbyPartAofthisPolicy,sufferanypermanentdisabilitiesrequiringsuchmodifications.
ThemaximumWewillpayislimitedto$10,000perEvent.
6. Dry Hire Difference in Conditions – Mobile Plant
NotwithstandingGeneralExclusion7.Hireoutofvehicles(DryHire),ifatthetimeofanAccidentYourMobilePlantwasDryHiredoutandYoudidnotreleasefromliabilitynorwaiveYourrightstorecoverfromthehirer,eitherbyverbalorwrittenagreement,foranylossorDamagethehirerincurs,and:
a) thehirerofYourInsuredItemfailedtoarrangeandmaintainacurrentinsurancepolicycoveringtheMobilePlantforlossorDamage;or
b) thecoverageprovidedbythehirer’sinsurancepolicywasnotasextensiveasthecoverageprovidedunderPartAofthisPolicy;or
c) thehirerdidnotholdtherelevantlicenceorticketrequiredtodriveoroperateYourMobilePlantandYoucouldnotreasonablyhaveknownthatthehirerdidnotholdsuchlicenceorticket;or
d) thehirerwasundertheinfluenceofalcoholordrugsandYoucouldnotreasonablyhaveknownthatthehirerwasundertheinfluence;or
e) thehirerdeliberatelyorrecklesslyoverloadedorincorrectlyloadedyourMobilePlant,
thenWewillpayforlossorDamagearisingfromthedifferenceincoverprovidedbysuchotherpolicyandthecoverprovidedbythisPolicy.
Limit of Indemnity applicable to Part AWewillnotpaymorethantheSumInsured,MarketValueorAgreedValueinaccordancewiththeBasisofSettlementinrespectofanyoneInsuredItemforanyoneclaimmadeduringthePeriodofInsuranceplusanyAdditionalBenefitsWehaveagreedtopay.
OurliabilityforlossorDamageunderthisPartAtoanynumberofMotorVehiclesandMobilePlantarisingfromoneEventdoesnotexceed$10,000,000inclusiveofanyAdditionalBenefits,appliedOptionalBenefits,andendorsementsunlessspecifiedotherwiseinYourSchedule.
Additional benefits applicable to Part AThefollowingAdditionalBenefitsapplyifWehaveacceptedaclaimunderPartAofthisPolicy.
TheyareinadditiontotheLimitofIndemnityapplicabletoPartAunlessstatedotherwiseintheSchedule.
EachAdditionalBenefitwillspecifywhetheritappliestoMotorVehicle,MobilePlantorboth.
1. Additional Cost of Reinstatement
IftherequiredrepairstoYourMobilePlantnecessitateitbeingrepairedtoaconditionbetterthanitwaspriortothelossorDamageoccurringandindoingsoincuradditionalcost,inordertocomplywiththerequirementsofanyGovernmentlegislationorregulationtoallownormaluseoftheMobilePlant,thenWewillpaysuchadditionalcosts:
a) upto10%oftheSumInsuredofYourMobilePlant;or
b) $50,000,
whicheveristhelesser.
WewillnotpayforanyadditionalcostsincomplyingwithsuchGovernmentlegislationorregulationthatYouwererequiredtocomplywithpriortothelossorDamageoccurring.
2. Appreciation in Market Value
IfYourMobilePlantsufferslossorDamageasaresultofanAccidentWewillincreasetheSumInsuredofYourMobilePlantbyupto25%inaccordancewithit’sappreciationinvalueif:
a) WeagreethatitsMarketValuewasequaltoorlessthanit’sSumInsuredatthebeginningofthePeriodofInsuranceorifaddedsubsequently,atthetimeitwasaddedtoYourPolicy;and
b) WeagreethatitsMarketValueimmediatelypriortotheAccidentexceededit’sSumInsured.
ThisAdditionalBenefitwillnotapplyto:
a) lossorDamagecauseddirectlyorindirectlybytheftand/orfireotherthanfireresultingfromimpactDamage;or
b) tonon-ownedorhiredinMobilePlant;or
106708 POL553 GT Driveline Fleet txt_D10.indd 11 24/01/2017 11:04 am
12
7. Emergency temporary repairs
IfYourInsuredItemsufferslossorDamageWewillreimburseYouthecostsnecessarytoeffecttemporaryrepairstoYourInsuredItem.
ThemaximumWewillpayislimitedto$5,000perEvent.
8. Employees’ personal property
IfYourInsuredItemsufferslossorDamage,forwhichaclaimisacceptedunderPartAofthisPolicy,andYourEmployeesustainslossorDamagetotheirpersonaleffectsasaresultoftheEvent,WewillreimburseYourEmployeefortheirlossaftertheapplicationofanyapplicableExcesses.
Wewillreimbursethereplacementcostofthepersonaleffectstoamaximumof$2,500perEvent.
ThisAdditionalBenefitwillnotapplytocashornegotiablesecuritiesandwillnotapplyiftheonlyclaimunderthisPolicyisbyvirtueofthisAdditionalBenefitorAdditionalBenefitclause15KeysandLocks.
9. Employee psychological counselling
IfYourEmployeehasbeeninvolvedinanAccidentandaclaimhasbeenacceptedunderPartAofthisPolicyWewillpaythereasonablecostsforYourEmployeetoobtainprofessionalcounselling.
ThemaximumWewillpayislimitedto$5,000perEventandWewillnotpayanycostswhicharecoveredbyMedicare,astatutoryorcompulsoryinsurancescheme,privatehealthinsuranceorforwhichWearenotpermittedbylawtoprovide.
10. Expediting expenses
WhereaclaimhasbeenacceptedunderPartAofthisPolicyWeagreetopayfortheassociatedcostsandexpensesYouincurtoexpeditethepermanentrepairsofYourInsuredItem.
ThemaximumWewillpayislimitedto$10,000perEventor50%oftherepaircost,whicheveristhelesser.
11. First Aid Kit
IfYourInsuredItemsufferslossorDamageWewillpaythereasonablecosttorestockorreplaceanyfirstaidkitthatwasnecessarilyusedatthetimeoflossorDamage.
12. Funeral expenses
IfYourInsuredItemsufferslossorDamagethatdirectlycausesthedeathofthedriveroftheInsuredItemWewillpayforthefuneralexpensesofthedeceased.
ThemaximumWewillpayislimitedto$10,000perEventforanycostsinexcessofthatpayablebyanyaccidentcompensationauthority,medicalfundoranotherinsurancepolicy.
13. Hire of replacement vehicle (bus or coach)
IfYourMotorVehicleisabusorcoachandisunroadworthyduetoanAccidentorhasbeenstolenandaclaimhasbeenacceptedunderPartAofthisPolicythenWeagreetopayupto$600perdaytowardsthecostofhiringareplacementvehicleforuptoamaximumof20daysfromthedateofAccidentortheftwhilstYourMotorVehicleremainsunroadworthyorstolenprovidedareplacementvehicleisnotavailablefromwithinYourfleet.
IftherepairsarecompletedorpaymentofTotalLossismadebyUswithinthis20dayperiodthenthecoverunderthisAdditionalBenefitshallceaseatthattime.
14. Hire vehicle following theft
IfYourInsuredItemisstolenWewillreimburseYouforthecostofhiringavehicleforaperiodofupto30daysortothedateYourInsuredItemisrecovered,whicheveristhelesser.
ThemaximumWewillpayislimitedto$7,500perEvent.
15. Keys and locks
IfthekeysorlocksofYourInsuredItembecomelostorDamagedortherearereasonablegroundstosuspecttheyhavebeenduplicated,Wewillpaythecostofreplacingsuchkeysorlocks.
ThemaximumWewillpayislimitedto$10,000perEventandnoExcesswillapplyifthereisnootherlossorDamagetoYourInsuredItem.
16. Mobile Plant accessories
WewillpayforlossorDamagetounspecifiedaccessoriesthatwouldnormallyattachtoYourMobilePlanteveniftheyarenotattachedtoYourMobilePlantatthetimeoflossorDamage.
ThemaximumWewillpayislimitedto$10,000or10%oftheSumInsuredoftheMobilePlanttowhichtheywouldnormallyattach,whicheveristhelesserandforanyoneEvent.YoumustpayanExcessof$1,000foranyclaimWeacceptunderthisAdditionalBenefit.
Wewillnotpay:
a) morethantheSumInsuredifbothYourMobilePlantanditsaccessoriesareDamaged;and
b) unlessWearesatisfiedthattheSumInsuredofYourMobilePlantaccuratelyreflectstheMarketValueofYourMobilePlantincludingallofitsaccessories;or
c) forGPS,laserorotherguidanceequipmentwhethertheyareattachedornotattachedtoYourMobilePlantatthetimeoflossorDamage,unlessWehaveagreedinwritingtocoversuchequipmentandYouhavepaidanyadditionalpremiumthatWerequire.
Fortheavoidanceofdoubt,unspecifiedaccessoriesmeansaccessoriesthathavenotbeenspecifiedbyYouinYourdeclarationofMobilePlanttoUs.
106708 POL553 GT Driveline Fleet txt_D10.indd 12 24/01/2017 11:04 am
13
21. Repatriation/Accommodation Expenses
IfYourMotorVehiclesufferslossorDamagewhenitwasmorethan100kmsfromitsdepotorplaceofgaragingandYourMotorVehicleisunroadworthytodriveWewillreimburseYouthereasonablecost:
a) toreturnYourdriverandanynonpayingpassengertotheirdestinationorpointofdeparture;or
b) foremergencyovernightaccommodationforYourdriverandanynonpayingpassengers.
ThemaximumWewillpayislimitedto$5,000perEvent.
22. Retrieval Expenses – No Damage
IfYourInsuredItembecomesunintentionallyimmobilised,otherthanastheresultoflossorDamageotherwiseexcludedbythePolicy,WewillpaythecostsnecessarilyincurredbyYoufortherecoveryand/orretrievalofYourInsuredItem.
ThemaximumWewillpayislimitedto$50,000perEventandinanyonePeriodofInsurance.
YoumustpaytoUstheExcess(es)applicabletoYourInsuredItemforanyclaimacceptedbyUsunderthisAdditionalBenefit.
23. Reward Costs
IfYourInsuredItemisstolenWewillpayupto$5,000forarewardthatYouofferthatresultsintherecoveryofYourInsuredItemprovidedthatWehaveagreedinwritingtocovertherewardcostspriortotherewardbeingoffered.
24. Total Loss benefits
WhereWedeterminethatYourInsuredItemisaTotalLossoneofthefollowingbenefitsmaybeapplied.Intheeventthatmorethanonebenefitisoperative,Wewillonlyapplyonebenefit–beingthebenefitwiththehighestvalue.
24.1 Finance payout
IfYourInsuredItemisconsideredbyUstobeaTotalLossandtheamountowedbyYouunderaleaseorothervalidfinanceagreementisgreaterthantheTotalLossAmount,Wewill,paytheTotalLossAmount,plus:
a) foranInsuredItemwithaTotalLossAmountlessthan$500,000,uptoanadditional25%,limitedtothetotalamountowingundertheleaseorotherfinanceagreement;or
b) foranInsuredItemwithaTotalLossAmountof$500,000orgreater,uptoanadditional20%,limitedtothetotalamountowingundertheleaseorotherfinanceagreement;
Less,
a) anypaymentsand/oranyinterestinarrearsonthedateofthelossorDamage;and
17. Passengers baggage (bus or coach)
IfYourMotorVehicleisabusorcoachWewillpayforlossorDamagetopassenger’sbaggagewhilstbeingtransportedwithinYourbusorcoach.
ThisAdditionalBenefitwillnotcover:
a) theft,unlessthereisforcibleentrytoYoursecurelylockedMotorVehicle;
b) lossorDamagetocashoranynegotiablesecurity;
c) lossorDamagetobaggageloadedbyanypassenger;
d) lossorDamagetobaggagethatisnotaccompaniedbyapassengertravellingontheMotorVehicle;or
e) lossorDamagecausedby:
(i) depreciationorwearandtear;
(ii) deteriorationresultingfromatmosphericconditions.
ThisAdditionalBenefitissubjecttoa$100ExcessperpassengerperEvent.
ThemaximumWewillpayislimitedto$1,000,lessExcess,perpassenger,perEventandfurtherlimitedto$20,000,anyonePeriodofInsurance.
18. Recovery expenses – Motor Vehicle
IfYourMotorVehiclesufferslossorDamageWewillpay:
a) thecostsnecessarilyincurredforthecleanup;
b) recoveryandremovalofYourMotorVehicle;
excludinganyload,tothenearestrepairerapprovedbyUs.
ThemaximumWewillpayislimitedto$100,000perEvent.
19. Recovery expenses – Mobile Plant
IfYourMobilePlantsufferslossorDamageWewillpaythefollowingsubjecttoOurpriorwrittenconsent:
a) thecostsofdismantlingandtransportingtheMobilePlantforthepurposeofeffectingtherepairs;and
b) thecostsofrecoveryoftheMobilePlant,itspartsandcomponents,includinghandlingandtransportationoftheMobilePlantanditspartsandcomponentstoandfromplacesofrepair.
ThemaximumWewillpayislimitedto$250,000perEvent.
20. Removal of load
IfYourMotorVehiclesufferslossorDamageWewillpayforthecostsnecessarilyincurredbyYouforthecleanupandremovalofthegoodsbeingcarriedbutonlyinexcessofthosecostsforwhichthegoodsarecoveredbyotherinsurance.
ThemaximumWewillpayislimitedto$25,000perEvent.
106708 POL553 GT Driveline Fleet txt_D10.indd 13 24/01/2017 11:04 am
14
b) anypaymentwhichonthedateofthelossorDamagehasnotbeenmadesolelybecausesuchpaymentwasnotactuallyduetohavebeenpaidatthatdateunderthetermsoftheparticularleaseorfinanceagreement;and
c) anyGSTwheretheGSTcomponentofthepurchasepriceofYourInsuredItemwasfinancedasapartoftheleaseorfinanceagreementandYouareregisteredforGST;and
d) theamountoftheloanthatrelatestoamountsowingonthefinanceforthepurchaseofanyothervehicle,itemorproduct.
Thisfinancepayoutbenefitwillnotapply:
a) tolossoforDamagecauseddirectlyorindirectlybytheftand/orfire,otherthanfireresultingfromimpactDamage;or
b) ifYouaremorethan30daysinarrearswithanypaymentsonthedateofthelossorDamage;or
c) tonon-ownedorhiredinMotorVehiclesandMobilePlant;or
d) toOptionalBenefitEC122HiredinandNon-ownedMobilePlant.
24.2 New Motor Vehicle replacement for Total Loss
IfYourMotorVehicleisasedan,stationwagon,4WD,bus,utilityorgoodscarryingvehiclelessthan4.5tonnesGVM,andWeconsiderittobeaTotalLosswithin2yearsofitsoriginalregistration,WewillreplaceYourMotorVehiclewithanewvehicleofthesameorsimilarmakeandmodel.InreplacingYourMotorVehiclewithanewvehicle,WewillpaytheassociateddeliveryandStampDutycharges.Wewillnotpayforregistration,insuranceandotherassociatedcosts.
However,where:
a) YourMotorVehicle’smodelhasbeendeletedfromthemanufacturer’srangeorhasbeensupersededbyavehiclethatWeconsiderissignificantlydifferent;or
b) YourMotorVehiclewaspurchasedasanendofseriesorrun-outmodel;or
c) WeareunabletoreplaceYourMotorVehicle;or
d) YouelectnottoreplaceYourMotorVehicleunderthisAdditionalBenefit,
WewillonlypaytheactualpurchasepriceYoupaidfortheMotorVehicle,includingdeliverychargesandstampdutyiftheyformedpartofYourpurchase,lessanyapplicableExcesses.
24.3 Sum Insured payout or replacement vehicle
IfYourInsuredItemisaMotorVehicleof4.5tonnesGVMorgreaterorMobilePlantandWeconsideritto
beaTotalLosswithin2yearsofitsoriginalregistrationororiginalcompliancedate,WewillpayatYouroptiononeofthefollowing:
Option AWewillpaytheSumInsuredshownintheSchedulelessanyapplicableExcesses.ThemaximumWewillpayisthepurchasepriceoftheInsuredItemlessanyapplicableExcesses,subjecttoanyadjustmentinaccordancewiththeGSTprovision;or
Option BIfYourequireareplacementvehicleWewillpayforthereplacementofYourInsuredItemwithanewitemofthesamemodel,makeandspecification.ThemaximumWewillpayisthepurchasepriceofYourInsuredItemplusanadditional20%inclusiveofdeliverychargesandstampdutyonly.Wewillnotpayforregistration,insuranceandotherassociatedcosts.
However,where:
a) YourInsuredItem’smodelhasbeendeletedfromthemanufacturer’srange,orhasbeensupersededbyanitemWeconsiderissignificantlydifferent;or
b) YourInsuredItemwaspurchasedasanendofseriesorrun-outmodel,
WemaydecidetoonlypayYouasperoptionAofthisAdditionalBenefit.
ThisAdditionalBenefitdoesnotapply:
a) tonon-ownedorhiredinMotorVehiclesandMobilePlant;or
b) toOptionalBenefitEC122HiredinandNon-ownedMobilePlant.
25. Two wheel and box trailers
WewillcoverDamagetoYourtwowheelorboxtrailerifitisDamagedwhilstattachedtoaMotorVehiclethatiscoveredunderPartAofthisPolicy.
ThemaximumWewillpayistheMarketValueofthetwowheelorboxtrailersubjecttoalimitof$2,500unlessotherwisenotedonYourScheduleofInsuredItemsdeclaredtoUspriortotheDamageoccurring.
26. Wet Hire subrogation waiver – Mobile Plant
WhereYouhireoutYourMobilePlantunderWetHireconditionsandtheWetHireagreement:
a) requiresYoutoreleasethehirerfromliabilityforlossorDamagetoYourMobilePlant;or
b) requiresthatYouprovideinsuranceonYourMobilePlantforthehirer,
thenWeagreetowaiveanyrightofrecoveryWemayhaveagainstthehirerofYourMobilePlantforlossorDamagecausedtoYourMobilePlant.
106708 POL553 GT Driveline Fleet txt_D10.indd 14 24/01/2017 11:04 am
15
b) drillrodsandbitsincluding,butnotlimitedto,anypartattachingtoorformingpartofthedrillrodorbitsuchaspipes,shafts,guides,filters,gaskets,plugs,caps,beaconhousing,toolheads,nozzlesandanyotherelectronicmechanism.
2. Deterioration
LossorDamagetoYourInsuredItemincludinganyresultantmechanicalDamagecausedby,arisingfromorinanywayconnectedwith:
a) depreciation,rustorcorrosionorwearandtear;or
b) generaldeteriorationresultingfromatmosphericconditions;or
c) mechanical,structural,electricalorelectronicfailureorbreakdown;or
d) faultydesignorworkmanship.
However,otherthanresultantmechanicalDamage,WewillcoverDamageresultingdirectlyfromanAccidentorfirecausedbysuchfailureasstatedin2c)or2d)above.
3. GPS, laser and guidance equipment
LossorDamagetoanyglobalpositioningsystem(GPS),laserorothersuchguidanceequipmentusedinconnectionwithYourMobilePlant,regardlessofwhethertheyarelocatedinoronYourMobilePlantatthetimeoflossorDamageunlessWehaveagreedinwritingtocoversuchequipmentandYouhavepaidanyadditionalpremiumthatWerequire.
4. Incorrect fuel or non-approved fuel systems
LossorDamagetoYourInsuredItemcausedby:
a) theuseofincorrectfueloradditive;or
b) theuseofafuelsysteminYourInsuredItem:
(i) whichissituatedinAustraliaandwhichdoesnotcomplywithAustralianStandards;or
(ii) whichissituatedinNewZealandandwhichdoesnotcomplywithNewZealandStandards.
However,thisExclusionwillnotapplytotheuseofincorrectfuelifYourInsuredItemisasedan,stationwagon,hatchback,4WDorothersimilarpassengervehicleorutilitiesandvansunder4.5tonneGVM.
5. Locking devices
LossorDamagetoYourMobilePlantduetomaliciouscontaminationtofuel,lubricationorhydraulicsystemsifYourMobilePlantisnotfittedwithlockingdevicesoriffittedsuchlockingdeviceswerenotactiveorshownosignsoftamperingatthetimeofthelossorDamage.
6. Loss of fuel
ThelossofortheftoffuelfromYourInsuredItemorforthecostorreplacementofcontaminatedfuelinYourInsuredItem.
27. Work Substitute Vehicle
WewillcoverYouforlossorDamagetoaSubstituteVehicleYouaredriving,whilstYourInsuredItemisundergoingrepairsorservice,andwhilsttheSubstituteVehicleisbeingusedbyYouorYourEmployeeinthecourseofYourBusiness.
However,WewillonlypayuptotheSumInsurednotedinYourPolicyScheduleforYourInsuredItemthattheSubstituteVehicleissubstitutingfor.
Furthermore,WewillnotprovidethisAdditionalBenefitIftheSubstituteVehicleissubjecttoaself-drivehireagreement.
Specific conditions applicable to Part A1. Average
IfYourInsuredItemis:
a) aMotorVehicleof4.5tonnesGVMorgreater;or
b) MobilePlant,
andatthetimeofanAccidentgivingrisetoaclaimunderPartAtheSumInsuredofYourInsuredItemislessthan80%ofthecurrentMarketValue,WewillpayonlysuchproportionoftherepaircostsastheSumInsuredbearsto80%oftheMarketValueofYourInsuredItem.
However,thisSpecialConditionwillnotapplytoYourMobilePlantifWedeterminethedifferencebetweentheSumInsuredandMarketValueisduetoappreciationinvalue.
Forthepurposeofvaluationandtheapplicationofthisprovision,primemovers,rigidtrucksandattachedtrailerswillberegardedasseparateanddistinctitems.
2. Marine average
IfYourInsuredItemisbeingtransportedbyseabetweenplaceswithinAustraliaorNewZealandduringthePeriodofInsuranceWewillpayYourcontributionforgeneralaverageandsalvagechargeswheresuchmaritimeconditionsapplyuptotheSumInsured,MarketValueorAgreedValuewhicheveristhelesser,whetherornotlossorDamageissufferedbyYourInsuredItemunderPartA.
Specific exclusions applicable to Part AWewillnotcover:
1. Breakage of blades and other working surfaces
LossorDamagetothefollowingitemsformingpartofYourInsuredItemwhilsttheyareinuseperformingtheirdesignedpurpose:
a) blades,cuttingedges,cuttingdiscs,knives,hammers,wearplates,pulverizingandcrushingsurfaces,screens,sieves,belts;and
106708 POL553 GT Driveline Fleet txt_D10.indd 15 24/01/2017 11:04 am
16
Part B – Liability to third partiesScope of coverWhereYourInsuredItemisregisteredorlicensedasrequiredbylawforuseonpublicroads,andisshownintheScheduleasinsuredforcoveroptionPartB,WewillcoverYouforanyamountforwhichYoubecomelegallyliabletopayascompensationinrespectoflossorDamagetosomeoneelse’spropertycausedbyanAccidentwhichispartlyorfullyYourfaultuptotheLimitofIndemnityApplicabletoPartB.
ThiscoverwillapplyonlyifYourlegalliabilityforlossorDamagetosomeoneelse’spropertyarisesoutoftheuseofYourInsuredItemandissubjecttotheapplicableExcess(es),Conditions,ExclusionsandLimitofIndemnity.
ThemostWewillpayarisingoutofanyoneAccidentistheLimitofIndemnity.
TheIndemnityprovidedunderthisPartBwillalsoapplyto:
a) anypersonwhoisdriving,usingorinchargeofYourInsuredItemwithYourpermission;
b) apassengertravellinginYourInsuredItemorwhoisgettingintooroutofYourInsuredItem;
c) Youremployer,principalorpartner,arisingfromYouruseofYourInsuredItem.
Limit of Indemnity applicable to Part BThemaximumWewillpayinrespectofallclaimsarisingfromoneAccidentorseriesofAccidentsresultingfromtheoneoriginalcausewillnotexceed:
a) $35,000,000forallclaimsinclusiveofanyAdditionalBenefitsorappliedOptionalBenefitsbutexcludinganyclaim(s)arisingfromthetransportationofDangerousGoods(asdefinedbytheAustralianDangerousGoodsCode)ordieselincludingcleanup,contaminationorrestitutionofanylandorwaterway;or
b) $1,000,000forallclaimsinclusiveofanyAdditionalBenefitsorappliedOptionalBenefits,andarisingfromthetransportationofDangerousGoods(asdefinedbytheAustralianDangerousGoodsCode)ordieselincludingcleanup,contaminationorrestitutionofanylandorwaterway.
WewillnotcoverYourliabilityforanyclaimarisingfrom,orinanywayconnectedwith,thetransportationof:
a) Class6.2–InfectiousSubstances;or
b) Class7–RadioactiveMaterials,
unlessotherwisespecifiedinYourSchedule.
7. Loss of oil/coolant
LossorDamagetoYourInsuredItemoranyresultantmechanicalDamagecausedbythelossofoilorcoolantinYourInsuredItem.
However,thisExclusionwillnotapplyifYourInsuredItem:
a) suffersMaliciousDamage;or
b) isDamagedbyimpact;or
c) isDamagedbyanunauthorisedpersondrivingYourInsuredItem.
8. Multiple crane lift
LossorDamagetoanycraneorliftingdeviceifitisbeingusedforaliftingoperationinwhichtheloadissharedorriggedforusewithanothercraneorliftingdevice.
9. Pre-existing Damage
Thecostof:
a) repairingpre-existingDamage;or
b) fixingfaultyrepairstoYourInsuredItemunlesstherepairswereundertakenastheresultofaclaimunderthisPolicyandwithOuragreement.
10. Repossession
LossorDamagetoYourInsuredItemcausedbyanypersonrepossessingorattemptingtorepossessYourInsuredItemduetoafinancedebt.
11. Setting of concrete/bitumen
LossorDamagetoanyagitator,barrel,bowlortankertrailerorpumpandtheirfittingscausedbythehardeningorsettingofconcreteorbitumen.
However,thisExclusionwillnotapplyifYou,Yourdriver/operatororanyothercoveredpersonshavetakenallpossiblestepstoremovetheconcreteorbitumenfromtheInsuredItem.
12. Theft by hirer
TheftorattemptedtheftofYourInsuredItembyanyhirer.
13. Tidal movement
LossorDamagetoYourMobilePlantfrompartialortotalimmersioninwaterduetotidalmovementunlessYou,YourEmployee(s)oranyothercoveredpersonshavetakenallpossiblestepstopreventorminimisethelossorDamagebyallmeansavailable.
14. Tyres
LossorDamagetoYourInsuredItem’s:
a) tyresbyapplicationofbrakes,punctures,cuts,blowoutoranyroaduse;or
b) rubbertrackscausedbypunctures,cutsorrupture,
unlesscausedasaresultofanAccidentwhichisanEventcoveredunderPartAofthisPolicy.
106708 POL553 GT Driveline Fleet txt_D10.indd 16 24/01/2017 11:04 am
17
(iii) complywiththerequirementsofanystatutoryorcompulsoryinsurancescheme,arrangementorpolicyorcompensationschemeorfund;
d) orlegalliabilitytocompensateany:
(i) persondrivingorinchargeofYourInsuredItemorSubstituteVehicle;
(ii) ofYourEmployees;or
(iii) FamilyMembers;
e) forlegalliabilitytocompensateanypersoninrespectofanypsychologicalorpsychiatricinjury(otherthantotheextentthatitisdirectlycausedbyorarisesfromseriousphysicalbodilyinjuryofthepersonwhosuffersthepsychologicalorpsychiatricinjury);
f) totheextentpermittedbylaw,unlessYouorthepersonclaimingunderthissectionhavenotifiedUsofaclaimunderthissectionwithinsixmonthsofYouorthatpersonfirstbecomingawareofanintentiontomakeaclaimagainstYouorthatperson;
g) forlegalliabilitycausedbyorarisingfromanintentionalactbyYouoranyotherperson;
h) foranyamountofexemplary,punitiveoraggravateddamages;
i) ifYourInsuredItemorSubstituteVehicleisregisteredintheNorthernTerritoryofAustralia;
j) ifYourInsuredItemorSubstituteVehicleisoutsideofAustraliaorNewZealandatthetimeoflossorAccident;
k) ifYourMobilePlantorSubstituteVehiclewhichisaMobilePlantisbeingusedforthepurposeforwhichitwasdesignedotherthanfordrivingonapublicroadorthoroughfare.
2. Emergency, fire and police authorities
WhereaclaimhasbeenacceptedunderthisPolicyWewillcoverYouforcostsleviedagainstYou,asaresultoflossorDamageinvolvingYourInsuredItemby:
a) anyemergencyauthority;
b) anyfirebrigade;
c) anypoliceforce.
ThemaximumWewillpayis$25,000perEvent.
3. Falling goods
WewillcoverYourlegalliabilityforDamagetosomeoneelse’spropertycausedbygoodsfallingfromYourMotorVehicle.
4. Legal costs
WewillcoverYouforalllegalcostsandexpensesincurredwithOurwrittenconsenttodefendorsettleanyclaim,arisingfromanAccidentinvolvingtheuseofYourInsuredItem,includingcostsincurredforYourrepresentationatanyenquiryorcoroner’shearing.
Additional benefits applicable to Part BTotheextentthattheLimitofIndemnityisnototherwiseexhausted,unlessotherwisestated.
EachAdditionalBenefitwillspecifywhetheritappliestoMotorVehicle,MobilePlantorboth.
1. Bodily injury (CTP gap liability)Wewillcover:
a) You;or
b) acurrentlylicenseddriverofYourInsuredItemorSubstituteVehicledrivingtheInsuredItemorSubstituteVehiclewithYourconsent,
forlegalliabilityfordeathorbodilyinjurycausedbyorarisingfromtheuseofYourInsuredItemorSubstituteVehiclefromoneormoreofthefollowingEvents,providedYourInsuredItemorSubstituteVehicleisregisteredforuseonapublicroadwhentheliabilityisincurred:
a) drivingorbeinginchargeofYourInsuredItemoraSubstituteVehicle;
b) goodsbeingcarriedbyorfallingfromYourMotorVehicleoraSubstituteVehicle;
c) loadingorunloadingYourMotorVehicleoraSubstituteVehicle;and
d) thelegalliabilityofapassengertravellinginorgettingintooroutofYourInsuredItemorSubstituteVehiclewith:
(i) Yourpermission;or
(ii) thepermissionofacurrentlylicenseddriver,thatwasdrivingorinchargeofYourInsuredItemorSubstituteVehiclewithYourconsent.
WewillnotcoverYou:
a) iftheEventorseriesofrelatedEventsthatgiverisetothelegalliabilityoranypartofitiscoveredorIndemnifiedinanywaybyany:
(i) statutoryorcompulsoryinsurancescheme,arrangementorpolicy;or
(ii) compensationschemeorfund,eveniftheamountrecoverableisnil;
b) foranyamountofaclaimoverthatrecoverableunderany:
(i) statutoryorcompulsoryinsurancescheme,arrangementorpolicy;or
(ii) compensationschemeorfund;
c) ifthelegalliabilitywouldhavebeencoveredorIndemnifiedinanywayifYouhad,ortheowner,notfailedto:
(i) insureYourInsuredItemorSubstituteVehicle;
(ii) registerYourInsuredItemorSubstituteVehicle;or
106708 POL553 GT Driveline Fleet txt_D10.indd 17 24/01/2017 11:04 am
18
Specific exclusions applicable to Part BWewillnotcoverYouforYourlegalliability:
1. Aviation
Causedby,arisingfromorinanywayconnectedwiththeuseofYourInsuredItemwhilstparkedoroperatingatanyAirportorAirfield.
2. Fines, penalties, punitive damages
Topayfines,penalties,oraggravated,exemplaryorpunitivedamages.
3. Pollution
Causedby,arisingfromorinanywayconnectedwiththedischarge,dispersal,release,seepageorescapeofPollutantsorothercontaminantsintooruponbuildingsorotherstructuresorwaterorlandortheatmosphere.However,WewillIndemnifyYouwhereliabilityarisesfromasuddenidentifiableEventthatisunintendedandunexpectedbyYouandwhichtakesplaceinitsentiretyataspecifictimeandplaceduringthePeriodofInsurance.
4. Property possession, custody or control
IncurredbyYouforlossorDamagetopropertythatis:
a) ownedbyYou;or
b) ownedbytheEmployeedriverofYourInsuredItem;or
c) inYourpossession,custodyorcontrol.
ThisExclusionwillnotapplyto:
a) vehiclesbelongingtoEmployeesorvisitorscontainedwithintheconfinesofacarparkownedoroccupiedbyYou;or
b) premisesleasedorrentedtoYou;or
c) trailerscoveredunderAdditionalBenefitsapplicabletoPartB6.Non-ownedTrailers(Liability),OptionalBenefitsEC104Non-ownedTrailer(Liability),andEC112Non-ownedTrailer(Comprehensive);or
d) anyitemcoveredunderOptionalBenefitEC111HookLiability–MotorVehicle.
5. Rail vehicles
Causedby,arisingfromorinanywayconnectedwithYourInsuredItemifitisbeingusedonrailsortracks.
6. Statutory liability
WhichisinsurableunderanyStatutoryorcompulsoryinsurancescheme,arrangementorpolicyorcompensationschemeorfundcoveringsuchlegalliability.
WewillpaythisbenefitinadditiontotheLimitofIndemnityapplicabletoPartB.
5. Loading and unloading
WewillcoverYou,notwithstandingSpecificExclusion7.ToolofTradethatappliesonlytoPartBofthisPolicy,ifAccidentalDamagetosomeoneelse’spropertyiscausedduringtheoperationofloadingorunloadingofYourMotorVehiclebytheuseofaVehicleLoadingCraneattachedtoYourMotorVehiclebutnotincluding:
a) thecollectionordeliveryoftheloadtoorfromYourMotorVehicle;and
b) thegoodsbeingloadedorunloaded.
6. Non-owned Trailer (Liability)
WewillcoverYourlegalliabilityforlossorDamagetoanysingletrailerorcombinationoftrailerswhilstinYourpossession,custodyorcontrol,provided:
a) thetrailer(s)isnotownedbyYouorthetrailer(s)isnotonhiretoYou;and
b) thetrailer(s)isattachedtoaMotorVehicleinsuredunderthisPolicyatthetimeoftheAccident;and
c) thecoverdoesnotapplytothecontentsorgoodsbeingcarriedinanytrailer,includinganycleanupcostsassociatedwiththecontentsorgoods.
ThemaximumWewillpayforanysingletrailerorcombinationoftrailersis$100,000perEvent,subjecttotheLimitofIndemnityforPartBnotbeingexhausted.
7. Substitute or non-owned vehicle
WewillcoverYourlegalliabilityforlossorDamagetosomeoneelse’spropertycausedbyaSubstituteVehicleYouaredrivingwhilstYourInsuredItemisundergoingrepairsorservice,orcausedbyavehiclenotownedbyYoubutwhilstbeingusedbyYouorYourEmployeeinthecourseofYourbusiness.
However,WewillnotprovidethisAdditionalBenefit:
a) iftheSubstituteVehicleissubjecttoaself-drivehireagreement;or
b) foranyDamagetotheSubstituteVehicleornon-ownedvehicleYouaredrivingorinchargeof.
8. Vehicles under tow
WewillcoverYourlegalliabilityforlossorDamagetootherpropertynotownedbyYouorinYourcare,custodyorcontrol,causedbyanyvehiclewhichisregistered,orlicensedtooperateonapublicroadandwhichYourMotorVehiclewastowing.
106708 POL553 GT Driveline Fleet txt_D10.indd 18 24/01/2017 11:04 am
19
General exclusionsTheseGeneralExclusionsareapplicabletoYourPolicy.YourPolicyalsocontainsSpecificExclusionsthatareapplicabletoPartAandPartB.
ThePolicydoesnotcoveranyloss,Damageorliabilitycausedby,arisingfromorinanywayconnectedwith:
1. Asbestos
Anyactualorallegedliabilitywhatsoeverforanyclaimorclaimsinrespectoflossorlossesdirectlyorindirectlyarisingoutof,resultingfromorinconsequenceof,orinanywayinvolvingasbestos,oranymaterialscontainingasbestosinwhateverformorquantity.
ThisExclusionappliesnotwithstandinganyprovisiontothecontrarywithinthisPolicyoranyendorsementthereto.
2. Contractual liability
Anyliabilitywhicharisesfromanycontract,undertakingoragreementbyYouunlesssuchliabilitywouldhaveattachedregardlessofthecontract,undertakingoragreement.
3. Driver restriction
YourMotorVehicleifit:
a) isaprimemoverandisbeingdrivenby,orisinthechargeofanypersonwhoisunder25yearsofage;or
b) isaMotorVehicleof8tonnesGVMorgreaterandisbeingdrivenby,orisinthechargeofanypersonwhoisunder21yearsofage.
ThisExclusiondoesnotapplyifYouhavesubmittedtoUsthedriver’sexperience(driver’sdeclaration)andlicencehistoryfromtheappropriateauthorityandWehaveagreedtowaivetheExclusionorprovidecover,subjecttoanyspecialconditionsshownintheSchedule.
4. Driving under the influence of alcohol/drugs
YourInsuredItemifitisbeingdrivenbyanyperson:
a) whosefacultiesareimpairedbyanydrugorintoxicatingliquor;or
b) whoisconvictedofdriving,atthetimeoftheAccident,undertheinfluenceofintoxicatingliquororanydrug;or
c) withapercentageofalcoholintheirbreathorbloodinexcessofthepercentagepermittedbylaw;or
d) whorefusestoprovideorallowthetakingofasampleofbreath,bloodorurinefortestingoranalysisasrequiredbythelawofanyStateorTerritory.
However,thisExclusiondoesnotapplyifYoucouldnotreasonablyhaveknownthatthedriverofYourInsuredItemwassoaffectedorrefusedtoundergoanappropriatetestatthetimeoftheAccident.
7. Tool of trade
Incurredbyandcausedby:
a) YourMobilePlant;or
b) anyplantorequipmentattachedtoYourMotorVehicle,ifitisatooloritemofequipment;or
c) byanySubstituteVehicleornon-ownedvehiclethatisMobilePlant,
andisbeingusedforthepurposeforwhichitwasdesigned,otherthanfordrivingonapublicroadorthoroughfare.
8. Underground
IncurredbyYouwhilstYourInsuredItemisbeingusedinundergroundexcavationorundergroundminingactivities.
9. Unregistered vehicles
Causedby,arisingfromorinanywayconnectedwiththeuseofYourInsuredItemifitisunregisteredatthetimeoftheEventgivingrisetotheclaim.
However,thisExclusionwillnotapplyifYouhavecompliedwithallstatutoryrequirementsallowingthemovementoftheunregisteredInsuredItem.
10. Vibration
Causedby,arisingfromorinanywayconnectedwithlossorDamagetopropertycausedby:
a) vibration;or
b) theweightofYourInsuredItemwherethedriverhasignoredadvisorysignsorwarnings.
106708 POL553 GT Driveline Fleet txt_D10.indd 19 24/01/2017 11:04 am
20
13. Territorial Limits
AnEventorothercircumstanceoccurringorarisingoutsidetheTerritorialLimits.
14. Terrorism
Death,injury,illness,loss,Damage,liability,costorexpensedirectlyorindirectlycausedby,contributedtoby,resultingfromorarisingoutoforinconnectionwithanyactofterrorism,asdefinedherein,regardlessofanyothercauseorEventcontributingconcurrentlyorinanyothersequencetotheloss.
Anactofterrorismincludesanyact,orpreparationinrespectofaction,orthreatofactiondesignedtoinfluencethegovernmentdejureordefactoofanynationoranypoliticaldivisionthereof,orinpursuitofpolitical,religious,ideologicalorsimilarpurposestointimidatethepublicorasectionofthepublicofanynationbyanypersonorgroup(s)ofpersons,whetheractingaloneoronbehalfoforinconnectionwithanyorganisation(s)orgovernment(s)dejureordefacto,andwhich:
a) involvesviolenceagainstoneormorepersons;or
b) involvesDamagetoproperty;or
c) endangerslifeotherthanthatofthepersoncommittingtheaction;or
d) createsarisktohealthorsafetyofthepublicorasectionofthepublic;or
e) isdesignedtointerferewithortodisruptanelectronicsystem.
YourPolicyalsoexcludesanyliabilityfordeath,injury,illness,loss,Damage,costorexpensedirectlyorindirectlycausedby,contributedtoby,resultingfrom,orarisingoutoforinconnectionwithanyactionincontrolling,preventing,suppressing,retaliatingagainst,orrespondingtoanyactofterrorism.
15. Unlicenced drivers
YourInsuredItemifitisdrivenoroperatedbyanypersonwithYourconsentwhoisnotlicencedtodriveoroperatesuchaMotorVehicleorMobilePlantunderanyrelevantlaws,bylawsandregulations.
However,thisexclusiondoesnotapplyifYoucouldnotreasonablyhaveknownthedriverofYourInsuredItemwasnotcorrectlylicenced.
16. Unsafe vehicles
YourInsuredItemifitisusedinanunsafeorunroadworthyconditionandsuchconditioncausedorcontributedtotheloss,Damageorlegalliability.
However,thisExclusiondoesnotapplyifYoucouldnotreasonablyhaveknowntheunsafeorunroadworthyconditionofYourInsuredItem.
5. Financial loss and non-financial loss
AnyfinanciallossincurredbyYou,becauseYoucannotuseYourInsuredItemastheresultofaclaimunderthisPolicyorforanynon-financiallossassociatedwiththisclaim.
6. Hire, fare and reward
YourMotorVehicleifitisbeingusedforcarryingpassengersforhireorreward,exceptforaprivatepoolingarrangementorwhenYoureceiveatravellingallowancefromYourfulltimeemployer.
7. Hire out of vehicles (Dry Hire)
YourInsuredItemifitishiredoutbyYouwithoutadriveroroperator.
However,thisExclusiondoesnotapplyto:
a) trailersinsuredunderthisPolicy;or
b) InsuredItemsspecificallycoveredunderOptionalBenefitEC124–DryHireDamageWaiverorEC125–DryHireDifferenceinConditions–MotorVehicle.
8. Lawful seizure
Thelawfulseizure,detention,confiscation,nationalisationorrequisitionofanyInsuredItem.
9. Nuclear event, substance or by-product
Ionisingradiationorcontaminationbyradioactivityfrom:
a) anynuclearfuelorfromanynuclearwaste;or
b) fromthecombustionofnuclearfuel(includinganyself-sustainingprocessofnuclearfissionorfusion);or
c) nuclearweaponsmaterial.
10. On water
YourInsuredItem,otherthanascargo,ifitisnotondrylandwhichextendstoincludefixedwharfsandjettiesbutdoesnotincludeonorinanykindofvesselorcraftmadeorintendedtofloatortravelonorinwater.
11. Overloaded vehicles
YourInsuredItemifitisbeingusedtocarryagreaternumberofpassengersorconvey,lift,suspendortowaloadinexcessofthatforwhichYourInsuredItemwasdesignedorconstructed.
However,thisExclusiondoesnotapplyifYoucouldnotreasonablyhaveknownthatYourInsuredItemwasbeingoperatedinsuchamanner.
12. Participation
YourInsuredItemifitisparticipatinginorusedinconnectionwith,rallydriving,motorracing,anyactivityonaracetrack,competitivemotorsportevent,anexperiment,contestorothermotorsportsevent.
106708 POL553 GT Driveline Fleet txt_D10.indd 20 24/01/2017 11:04 am
21
a) suchadditionalInsuredItemsareofasubstantiallysimilartypetotheInsuredItemsdeclaredbyYoutoUsatthecommencementofthePeriodofInsuranceorareotherwiseagreedbyUs;and
b) YouprovideUswithwrittennoticeofsuchpurchase,whetherunderfinanceornot,within30daysofpurchase,unlessotherwiseagreedbyUs;and
c) YoupayUsanyadditionalpremiumWerequireinaccordancewiththepremiumadjustmentclauseagreedbyUs;and
d) thisGeneralConditiondoesnotextendtoincludeMotorVehiclesorMobilePlantwhicharehiredbyYou.
ThemaximumWewillpayislimitedto$500,000perInsuredItemunlessshownotherwiseintheSchedule.
4. Breach of conditions
Breachofornon-compliancewithanyPolicycondition(s)byoneinsurednamedinYourSchedulewillnotprejudiceanyothernamedinsured.
5. Cross liability
WhereYouarecomprisedofmorethanoneentity,thetermYouwillbeconsideredasapplyingtoeachentityinthesamemannerasthoughaseparatePolicyhadbeenissuedtoeachentity,providedthatOurLimitofIndemnityandliabilitytomakesupplementarypaymentswillapplyasthoughtherewerenotseparatepoliciesissuedtoeachentity.
6. Governing law and jurisdiction
YourPolicyisgovernedbythelawsofAustralia.AnydisputerelatingtoYourPolicyshallbesubmittedtotheexclusivejurisdictionofanAustralianCourtwithintheStateorTerritoryinwhichYourPolicywasissued.
7. GST notice
YourPolicyhasaGSTprovisioninrelationtoYourpremiumandOurpaymenttoYouforclaims.ItmayhaveanimpactonhowYoudeterminetheamountofinsuranceYouneed.PleasereadthePolicycarefully.SeekprofessionaladviceifYouhaveanyqueriesaboutGSTandYourinsurance.
Limit of IndemnityAllmonetarylimitsinYourPolicymaybeincreasedforGSTinsomecircumstances(seebelow).
Claim settlements – Where We agree to payWhenWecalculatetheamountWewillpay,Wewillhaveregardtotheitemsbelow:
a) WhereYouareliabletopayanamountforGSTinrespectofanacquisitionrelevanttoYourclaim(suchasservicestorepairaDamagediteminsuredunderYourPolicy),WewillpaytheGSTamount.
17. War
Anywar,whetherwarbedeclaredornot,hostilitiesorrebellion,civilwar,revolution,insurrection,militaryorusurpedpower,invasion,oractofforeignenemy.
18. Wilful acts
Anyactualoralleged:
a) dishonest,fraudulent,criminal,unlawful,ormaliciousact;
b) wilfulbreachofanystatute,contractorduty;
c) conductintendedtocauseloss,Damageorliabilitywithrecklessdisregardfortheconsequences;
byYouoranypersonactingwithYourknowledge,consentorconnivance.
General conditionsTheseGeneralConditionsareapplicabletoYourPolicy.YourPolicyalsocontainsSpecificConditionsthatareapplicabletoPartAandPartB.
IfYoudonotmeettheapplicableGeneralConditionsandSpecificConditionsapplicabletoPartAandPartB,WemaycancelYourPolicyand/orreduceorrefusetopayaclaim,totheextentpermittedbylaw.
1. Acquired companies
Wewillcoveranycompanyorsubsidiarycompanyformed,purchasedorotherwiseacquiredbyYouduringthePeriodofInsurance,provided:
a) Youholdacontrollinginterestinthecompany;
b) YouadviseUsofYourinterestwithin30daysfromthedateofacquisition;
c) YouadviseUsthenumberofadditionalInsuredItemsand
d) YoupayUsanyadditionalpremiumrequired.
2. Alteration to use
YoumustgiveUswrittennoticeofanyalterationtocircumstancesunderwhichYourInsuredItem(s)isusedandwhichiscontrarytothatwhichwasdisclosedinYourapplicationforcover.
IfWeagreetothechange,WewilldosoinwritingandYoumustpayUsanyadditionalpremiumWemayrequire.
3. Automatic additions and deletions
WewillcoveranyreplacementoradditionalInsuredItemspurchased,whetheroutrightorunderaleasingarrangementorotherfinanceagreement,byYouduringthePeriodofInsurance,provided:
106708 POL553 GT Driveline Fleet txt_D10.indd 21 24/01/2017 11:04 am
22
IfanyfinancierhasaninterestinanyInsuredIteminsuredunderthisPolicyandWeagreetosettleYourclaimbycashpayment,Wereservetherighttopayallorpartoftheclaimproceedstothefinancier.ThiswillsatisfyOurobligationstoYouunderthePolicyforthepaymentofYourclaim.
12. Premium adjustment
IfthepremiumforthisPolicyhasbeencalculatedonanyestimatesgivenbyYou,YoumustkeepaccuraterecordscontainingallrelevantparticularsandatanyreasonabletimeallowUstoinspectsuchrecords.
FollowingtheexpiryofeachPeriodofInsuranceYoumustsupplyUswithsuchrecordsasWemayreasonablyrequiresothatthepremiumforthatperiodmaybecalculated.Subjecttoanyminimumpremiumapplicable,thedifferencemustbepaidbyYouorYourPolicywillbecancelled.
13. Reasonable care and maintenance
Youmusttakeallreasonablecare:
a) topreventloss,Damageorliability;and
b) tomaintainYourInsuredItemsinsoundcondition;and
c) tominimisetheriskoftheftbyensuringthatsecuritydevicesaremaintainedingoodworkingorder;and
d) tocomplywithallStatutoryobligations,by-laws,regulations,PublicAuthorityrequirementsandsafetyrequirements,includingthoserelatingtofireappliances;and
e) tominimiseanyloss,Damageorliability;and
f) toonlyemploycompetentEmployees,agentsandcontractorsandensuretheymeettherequirementsspecifiedinClausesa)toe)above.
14. Waiver of subrogation rights
Totheextentpermittedbylaw,WewillnotbeliabletopayanybenefitsunderthePolicyforlossorDamageifYouagreeorhaveagreedtolimitorexcludeanyrightofrecoveryagainstanythirdpartywhowouldbeliabletocompensateYouorUswithrespecttothatlossorDamageunlessotherwiseagreedbyUsinwriting.
However,Wedoagreetowaiveourrightsorrecoveryagainstanymunicipal,Government,semigovernmentorstatutoryauthoritywhereYouarerequiredbycontractualagreementtoreleasethoseentitiesfromliabilityfromanyEventcoveredbythisPolicy.
WewillpaytheGSTamountinadditiontotheLimitofIndemnityorotherlimitsshowninYourPolicyorintheSchedule.
IfYourLimitofIndemnityisnotsufficienttocoverYourloss,WewillonlypaytheGSTamountthatrelatestoOursettlementofYourclaim.
WewillreducetheGSTamountWepaybytheamountofanyinputtaxcreditstowhichYouareorwouldbeentitled;
b) WhereWemakeapaymentunderYourPolicyascompensationinsteadofpaymentforarelevantacquisition,WewillreducetheamountofthepaymentbytheamountofanyinputtaxcreditthatYouwouldhavebeenentitledtohadthepaymentbeenappliedtoarelevantacquisition.
Disclosure – Input tax credit entitlementIfYouregister,orareregistered,forGST,YouarerequiredtotellUsYourentitlementtoaninputtaxcreditonYourpremium.IfYoufailtodiscloseorunderstateYourentitlement,YoumaybeliableforGSTonaclaimWemaypay.YourPolicydoesnotcoverYouforthisGSTliability,orforanyfine,penaltyorchargeforwhichYoumaybeliable.
8. Headings
Headingshavebeenincludedforeaseofreferenceonly.TheprovisionsofthePolicyarenottobeconstruedorinterpretedbyreferencetosuchheadings.
9. Non payment of premium by instalments – Right to refuse a claim
WhereYoupayYourpremiumbyinstalments,Youmustensurethattheyarepaidontime.Ifaninstalmenthasremainedunpaidforaperiodofatleastfourteen(14)days,Wemayrefusetopayaclaim.WewillnotifyYouifaninstalmenthasnotbeenpaid.
10. Other insurance
YoumustgiveUswrittennoticeofanyinsuranceorinsurancesalreadyaffected,orwhichmaybesubsequentlyaffected,covering,whetherinwholeorinpart,thesubjectmatterofthevariousPartsofYourPolicy.
11. Other interests
YourPolicydoesnotprovidecoverinrespectoftheinterestofanyentityorpersonnotnamedinYourPolicySchedule.AnypersonsorentitiesentitledtobenefitsunderYourPolicyshallbeboundbytheConditionsandExclusionsofYourPolicy.
106708 POL553 GT Driveline Fleet txt_D10.indd 22 24/01/2017 11:04 am
23
b) WehavetherighttorecoverfromanypersonagainstwhomYoumaybeabletoclaimanymoneypaidbyUsandWewillhavefulldiscretionintheconduct,settlementordefenceofanyclaiminYourname.TheamountrecoveredwillbeappliedfirsttoreducingtheamountbywhichYourlossexceedsthepaymentmadebyUsplusanyExcessapplied.AnybalanceremainingafterYouhavebeenfullycompensatedforYourloss,uptotheamountWehavepaidtoYoutosettleYourclaim(includingOurlegalfeesforrecovery),willberetainedbyUs;
c) Wemaytakeoverandconduct,inYourname,thedefenceorsettlementofanyclaimandWewillhavefulldiscretionintheconductofanyproceedingsinconnectionwiththeclaim;
d) WemaypayYouthelimitofIndemnityundertheapplicablecoversectionoranylesseramountforwhichaclaimorclaimsunderthatcoversectionmayreasonablybesettled.AfterWehavepaidYou,Wewillnolongerbeliablefortheclaim(s)(orfutureconductoftheclaim(s))exceptforcostsandexpensesincurredupuntilthetimeWepayYou,thatWepreviouslyagreedtopay;
e) ifYourecoverorfindanylostorstolenpropertyinsuredforwhichWehavepaidaclaim,Youmust:
(i) informUsimmediately;and
(ii) giveUstherecoveredorfoundpropertyinsuredifWerequestYoutodoso.
What happens after You make a claim1. Choice of repairer
WecanassistYouinselectingasuitablerepairertorepairtheDamagetoYourInsuredItem,however,YoualsohavetherighttochooseYourownrepairer.
IfWedonotacceptYourchoiceofrepairerYoumuststillco-operatewithUsinselectinganotherrepairerthatWebothcanagreeon.
2. Deciding who is at fault
WewillbesolelyresponsiblefordecidingwhetherYoucontributedtothecauseofanAccident.
3. Guarantee and warranty
WeguaranteematerialsandworkmanshiponrepairsWeauthoriseforaslongasYouownorleaseYourInsuredItem.Thisguaranteeisnottransferable.
Claims proceduresIn the event of a ClaimAssoonasYoubecomeawareofanythinghappeningwhichmayresultinaclaimunderYourPolicy,Youmust,atYourownexpense:
a) immediatelyinformthePoliceofanyMaliciousDamage,theft,fraudulentconduct,attemptedtheftorlossofproperty;
b) contactUsassoonaspossibletoadvisehowtheloss,Damageorliabilityoccurred;
c) takeallreasonableactiontorecoverlostorstolenpropertyandminimisetheclaim;
d) asfaraspossible,preserveanyInsuredItemorotheritemswhichmightprovenecessaryorusefulasevidenceuntilWehavehadanopportunitytoinspectthem;
e) giveUsalltheinformation,proofandassistanceWemayrequiretoprosecute,defendorsettleYourclaim,includingdetailsofanyotherinsuranceeffectedbyYouoronYourbehalf;
f) assoonasreasonablypracticableaftertheloss,DamageorrelevantEvent(oranyfurthertimewhichWemayallowinwriting),delivertoUsawrittenclaimincludingasdetailedanaccountasisreasonablypracticableofthecircumstancessurroundingtheloss,DamageorEvent.YoumustprovideUswithastatutorydeclarationifrequested;
g) immediatelysendUsanyclaim,writ,summons,orfulldetailsofanyrelevantlegalorotherproceedingssuchasanimpendingprosecutionorinquestthatYoureceiveorofwhichYoubecomeaware;
h) atalltimes,giveUsalltheinformationandassistanceWemayreasonablyrequire.
Youmustnot:
a) admitliabilityfor,orofferoragreetosettle,anyclaimwithoutOurwrittenconsent;
b) authorisetherepairorreplacementofanythingwithoutOuragreementunlessforsafetyreasonsortominimiseorpreventfurtherimminentloss,Damage,liabilityorinjury,excepttotheextentallowedbyPartA–AdditionalBenefit5–Emergencytemporaryrepairs.
AfterYouhaveadvisedUsofanyloss,Damageorliability:
a) YoumustcomplywithallthetermsoftheGeneralConditionsandSpecificConditionsapplicabletoPartAandPartBbeforeWewillmeetanyclaimunderYourPolicy;
106708 POL553 GT Driveline Fleet txt_D10.indd 23 24/01/2017 11:04 am
24
Optional conditionsThefollowingOptionalConditionsapplytothecoverprovidedbythisPolicywhentheyarespecifiedasbeingapplicableintheSchedule.
EC102 – Claims Experience Discount (CED)
AttheendofthePeriodofInsuranceforwhichthisadjustmentapplies,WewilladjustYourPremiumintheeventoftheincurredclaimsduringthePeriodofInsurancebeinglessthan70%ofthetotalbasepremiumpayablebeforecharges.Wewillrefund50%ofthedifferencebetween70%oftheannualpremiumpaidandtheincurredclaimsorsuchotheramountasspecifiedintheScheduleprovidedthat:
a) thePolicyisrenewedwithUsforthefollowing12months;and
b) suchrefundislimitedtoamaximumof10%,orsuchotheramountspecifiedintheSchedule,oftheannualpremiumpaid.
Theadjustmentshallbemade90daysafterthePolicyexpiresorasotherwiseagreedbyUssubjecttotheprovisionthatallknownclaimshavebeenlodged.
Note:IncurredclaimsmeansallclaimspaidduringthePeriodofInsuranceandwhatWehaveprovidedasareserveforoutstandingclaims.
EC103 – Burning Cost
WewilladjustYourpremiumonthefollowingbasis:
a) Adjustment
(i) YoumustpayUsthedepositpremiumatthecommencementofthePeriodofInsurance;
(ii) atexpiryofthePeriodofInsurancethemaximumandminimumpremiumsagreedatinceptionwillbeadjustedinaccordancewithanyvariationinthenumberofInsuredItemscoveredortheirvaluesasrequiredtobeinsuredforintheforthcomingPeriodofInsurance;
(iii) incurredclaimsduringthePeriodofInsurancewillbemultipliedbytheclaimsadjustmentfactoragreedatinceptionofthePeriodofInsurancetoascertainfinalpremiumpayable;
(iv) thedifferencebetweenfinalpremiumpayableandtheoriginaldepositpremiumshallbethepremiumadjustmentsubjecttomaximumandminimumpremiumsagreedina.iaboveplusorminusanypremiumadjustmentspaidduringthePeriodofInsurance.
4. Payment of unpaid premium when Your Insured Item is a Total Loss
IfYourInsuredItemisaTotalLossandWehaveagreedtopayYourclaim:
a) theamountofanyunpaidpremiumforthePeriodofInsurancewillbedeductedfromtheamountpayabletoYou,and
b) ifWearereplacingYourInsuredItem,YoumustpayUsthebalanceofanyunpaidpremiumorinstalmentsforthePeriodofInsurance.
5. Salvage
IfYourInsuredItemisaTotalLossandWehaveagreedtoreplaceYourInsuredItemorpaytheMarketValue,SumInsuredorAgreedValue:
a) thewreckageofYourInsuredItemwillbecomeOurproperty;and
b) Wewillkeeptheproceedsofanysalvagesale.
6. Spare parts, extras and accessories
IfWeareunabletorepairthepartWeusenew,recycledorreconditionedpartsthatmeettherequirementsofAustralianDesignRules(ADR).Ifsuchpartsarenotavailable,appropriatepartsfromalternativedistributionchannelsmaybeused.
Wewillnotpayanyamountgreaterthanthemaker’slastlistpriceinAustralia(togetherwithareasonablechargeforfitting)forthesupplyofanysparepart,extraoraccessory.
Intheeventthatanysparepart,extraoraccessorycannotbeobtainedimmediately,WemaychoosetopayYouthevalueofthesparepart,extraoraccessory(togetherwithareasonablechargeforfitting)ratherthansupplythesparepart,extraoraccessory.
7. Sublet repairs
IftheDamagetoYourInsuredItemrequiresUstoengagetheservicesofaspecificspecialistrepairerandorsupplierWemaysubletthatcomponenttosuchrepairerorsupplier.
106708 POL553 GT Driveline Fleet txt_D10.indd 24 24/01/2017 11:04 am
25
Claims Settlement FloatIfYourAggregateExcessPolicyissubjecttoaClaimsSettlementFloatthenallpaymentsforrepairs,thirdparties,assessors,investigatorsoranyotherserviceshallbepaiddirectbyUsoutoftheClaimsSettlementFloatamount,shownintheSchedule,andthatYouwillpaytoUsatthebeginningofthePeriodofInsurance.
WewillhavefulldiscretiononhowtheClaimsSettlementFloatisexpendedandallpaymentsmadefromtheClaimsSettlementFloatwillcontributetowardstheerosionoftheAggregateExcess.
AllpaymentswillbegrossofGSTwhereapplicable.
IftheClaimsSettlementFloatamountpaidbyYoutoUsisapartialamountthenYouwillpayUstheremainderuponrequest.AnyunexpendedportionoftheClaimsSettlementFloatwillberefundedtoYouonceallknownandlodgedclaimshavebeenpaid.
Note:AggregateExcessmeanstheamountshownintheSchedulethatYoumustpayasthefirstpartofanyclaim(s)duringthePeriodofInsuranceuntiltheAggregateExcessisexhausted.
Claims Service FloatIfYourAggregateExcessPolicyissubjecttoaClaimsServiceFloatthenallpaymentsforassessors,investigatorsandothersimilarfeesshallbepaiddirectbyUsoutoftheClaimsServiceFloatamount,shownonYourSchedule,andthatYouwillpaytoUsatthebeginningofthePeriodofInsurance.
AllpaymentsmadebyUsfromtheClaimsServiceFloatwillbegrossofGSTwhereapplicable.
Allpaymentsforrepairs,thirdpartiesorothersimilarcostsorserviceswillbepaiddirectlybyYou.AcopyofallsuchpaymentswillbeprovidedtoUssotheseamountsmaybeappliedtowardstheerosionoftheAggregateExcess.
IndeterminingtheamounttobeappliedtowardstheAggregateExcess,theamountofthebasicExcessandanyotherExcessesshallbedeductedfromtheamountoftheloss.
b) Cancellation
IntheeventofcancellationofthePolicyduringcurrencytheoverallpremiumpayablebyYouwillbedeterminedbyapplyingtheformulaprescribedina)abovebutsubjecttotheadjustedmaximumandminimumpremiumsbeingcalculatedonapro-ratabasis.
c) Call-up
Weretaintherighttocallupthedifference,orpartthereof,betweenthedepositandmaximumpremiumsduringthePeriodofInsuranceifincurredclaimsexceedthedepositpremium.
Note:IncurredclaimsmeansallclaimspaidduringthePeriodofInsuranceandwhatWehaveprovidedasareserveforoutstandingclaims.
EC106 – Annual Vehicle Adjustment
WewilladjustYourPolicyattheexpiryofthePeriodofInsurancebasedonthenumberofInsuredItemsdeclaredand/ortheirvalues.Thebasisofanyadjustmentpremiumwillbe50%oftheunitcostrateorotherrateagreed(asthecasemaybe)appliedtothedifferenceinthenumberofInsuredItemsand/ortheirvaluedeclaredatinceptionandexpiryofthePeriodofInsurance.
However,YoumustimmediatelyinformUsofanyInsuredItemsaddedduringtheyearthathaveavalueinexcessof$500,000.IfYoudonotthemaximumWewillpaywillbelimitedto$500,000underPartAofthisPolicyforanyoneloss.ForfurtherdetailsrefertoGeneralCondition3.Automaticadditionsanddeletions.
EC108 – Aggregate Excess
WewillagreetohandleYourselfinsuredclaimsthatfallwithintheAggregateExcess,subjecttothefollowingconditions:
Aclaimshandlingagreementdetailingthetermsoftheclaimshandlingactivitiesandconditionsisexecuted.
AllExcessesapplywithintheAggregateExcess,andcontinuetoapplyoncetheAggregateExcesshasbeenexhausted.
AdjustmentsperformedinaccordancewiththeriseandfallofInsuredItemnumbersorassetvalue(oranyotherpremiumadjustmentendorsementthatmayattachtothisPolicy),willaffecttheAggregateExcessaswellasthedepositpremium.
TheAggregateExcesswillbeeroded(debited)bytheactualpaidcostofrepairsorotherservices,ratherthantheassessedcost.
106708 POL553 GT Driveline Fleet txt_D10.indd 25 24/01/2017 11:04 am
26
a) thetrailer(s)isnotownedbyYouorisnotonhiretoYou;and
b) thecoverdoesnotextendtothecontentsorgoodsbeingcarriedinanytrailer,includinganyclean-upcostsassociatedwiththecontentsorgoods,and
c) thecoverdoesnotextendtolossesordamagecausedbyorresultingfromanyactoromission(negligentordeliberate)byoronthepartofanythirdpartiesorpersonswhoownorholdabeneficialentitlementtothetrailer(ortheirservantsand/oragents)andarespecificallyprovidedwithCoverunderthePolicy.
WewillnotprovidecoverunderthisOptionalBenefitunlessanduntilanyownerorbeneficiaryseekingtobeprovidedorentitledtoanybenefitunderthisPolicyfirstagreetounreservedlyassigntoUsalllegaland/orequitablerights(includinganysubrogatedrights)inrelationtothepotentialrecoveryofanylossesordamagecoveredunderthisOptionalBenefit.
ThemaximumWewillpay,anyoneEvent,regardlessofthenumberoftrailersinYourpossession,custodyorcontrolatthetimeoftheEvent,istheSumInsuredshownintheScheduleforthisOptionalBenefit.
EC122 – Hired In and Non-owned Mobile Plant
WewillcoverYoufor:
a) lossorDamageandYourlegalliability,withinthescopeofcoverprovidedunderPartsAandB,arisingfromMobilePlanthiredinorborrowedbyYou;
b) lostnetearningsorongoinghirechargesclaimedagainstYoubytheownerofthehiredinornon-ownedMobilePlantupto$10,000anyoneAccident,anyoneEvent,andintheaggregateanyonePeriodofInsurance;and
c) anyExcessamountYouarerequiredtopaythehiringcompanyunderthehireagreementafterthedeductionofanyapplicableExcess(es)underthisPolicybutlimitedto$10,000anyoneAccident.
ThebasisofsettlementunderPartAwillbeatOuroptionto:
a) paythereasonablecosttorepairthehiredinornon-ownedMobilePlanttoitsconditionbeforethelossorDamage;or
b) paythehiredinornon-ownedMobilePlant’sMarketValueifitisaTotalLoss,lessOurestimateofit’ssalvagevalue.
ThemaximumWewillpay:
a) inrespecttoanyoneitemofhiredinornon-ownedMobilePlant,inclusiveofongoinghiringcharges,istheLimitanyoneItemshowninYourScheduleforthisOptionalBenefit;and
Optional benefitsThefollowingOptionalBenefitsapplytothecoverprovidedbythisPolicywhentheyarespecifiedasbeingapplicableintheScheduleandifYouhavepaidtheadditionalpremiumthatWemayrequire.
EC104 – Non-owned Trailer (Liability)
WewillcoverYouundercoveroptionPartB–LiabilitytoThirdParties,forlegalliabilityarisingfromlossorDamagetotrailer(s)whilstinYourpossession,custodyorcontrol,provided:
a) thetrailer(s)isnotownedbyYou,orisnotonhiretoYou;
b) thecoveronlyappliestoanytrailer(s)whichareattachedtoaMotorVehicleinsuredunderthisPolicyatthetimeoftheAccident;and
c) thecoverdoesnotapplytothecontentsorgoodsbeingcarriedinanytrailer,includinganycleanupcostsassociatedwiththecontentsorgoods.
ThemaximumWewillpay,anyoneEvent,regardlessofthenumberoftrailersattachedtoYourMotorVehicleatthetimeoftheEvent,istheSumInsuredshownintheScheduleforthisOptionalBenefit.
EC105 – Dangerous Goods
TheLimitofIndemnity–PartBb.inrespectofYourMotorVehiclebeingusedforthetransportationDangerousGoods(asdefinedbytheAustralianDangerousGoodsCode)isamended.
ThemaximumWewillpayistheLimitofLiabilityshownintheScheduleforthisOptionalBenefit.
EC107 – Hire, Fare and Reward
GeneralExclusion6.Hire,FareandRewardisdeletedfromthePolicy.
EC111 – Hook Liability – Motor Vehicle
WewillcoverYourlegalliabilityforlossorDamagetosomeoneelse’svehicle,whilstinYourpossession,custodyorcontrol,andwhilstbeingtowed,carried,liftedorloweredbyaMotorVehicleinsuredunderthisPolicy.
ThemaximumWewillpay,anyoneAccident,regardlessofthenumberofvehiclesbeingtowed,carried,liftedorloweredatthetimeoftheAccident,istheSumInsuredshownintheScheduleforthisOptionalBenefit.
EC112 – Non-owned Trailer (Comprehensive)
WewillcoverYou,subjecttotheconditionsandexclusionsofthePolicy,undercoveroptionPartA–LossorDamage,forlossorDamagetotrailer(s)whilstinYourpossession,custodyorcontrol,provided:
106708 POL553 GT Driveline Fleet txt_D10.indd 26 24/01/2017 11:04 am
27
EC124 – Dry Hire Damage Waiver
NotwithstandingGeneralExclusion7.Hireoutofvehicles(DryHire),ifatthetimeofloss,DamageorliabilityYourInsuredItemwasDryHiredoutandYouragreementwiththehirerofYourInsuredItemrequiredYouto:
a) insuretheInsuredItemonbehalfofthehirer;and
b) releasesuchhirerfromliabilityandwaiveYourrightstorecover,
thenWeagreethatthisPolicywillnotbeprejudicedorinvalidatedbysuchagreement.
EC125 – Dry Hire Difference in Conditions – Motor Vehicle
NotwithstandingGeneralExclusion7.Hireoutofvehicles(DryHire),ifatthetimeofanAccidentYourMotorVehiclewasDryHiredoutandYoudidnotreleasefromliabilitynorwaiveYourrightstorecoverfromthehirer,eitherbyverbalorwrittenagreement,foranylossorDamagethehirerincurs,and:
a) thehirerofYourMotorVehiclefailedtoarrangeandmaintainacurrentinsurancepolicycoveringtheMotorVehicleforlossorDamage;or
b) thecoverageprovidedbythehirer’sinsurancepolicywasnotasextensiveasthecoverageprovidedunderPartAofthisPolicy;or
c) thehirerdidnotholdtherelevantlicencerequiredtodriveoroperateYourMotorVehicleandYoucouldnotreasonablyhaveknownthatthehirerdidnotholdsuchlicence;or
d) thehirerwasundertheinfluenceofalcoholordrugsandYoucouldnotreasonablyhaveknownthatthehirerwasundertheinfluence;or
e) thehirerdeliberatelyorrecklesslyoverloadedorincorrectlyloadedyourMotorVehicle,
thenWewillpayforlossesarisingfromthedifferenceincoverprovidedbysuchotherpolicyandthecoverprovidedbythisPolicy.
EC126 – Hold Harmless
IfYouenterintoanagreementwithanotherpartyandthatagreementrequiresthatYouwillIndemnifyand/orholdharmlessand/orreleasefromliabilitysuchotherpartyinrespectofanyEventcoveredbythisPolicy,WeagreethatthisPolicywillnotbeprejudicedorinvalidatedbyYouagreeingtosuchprovisionsandthattheIndemnityand/orholdharmlessand/orreleasefromliabilitygivenbyYouwillbeequallybindinguponUs.
b) inrespecttoallclaimsarisingdirectlyorindirectlyfromoneEvent,inclusiveofongoinghiringcharges,istheLimitanyoneEventshowninYourScheduleforthisOptionalBenefit.
Providedthatthehiredinornon-ownedMobilePlantwasinYourpossession,custodyorcontrolandwasbeingusedbyYouinthecourseofYournormalbusiness.
Wewillnotpay:
a) wherethehiredinornon-ownedMobilePlantwasonhiredorloanedtoanotherpersonorcompanybyYou;or
b) forlostnetearningsorongoinghirechargesclaimedagainstYou:
(i) iftheownerofthehiredinornon-ownedMobilePlantisYourEmployeeorarelatedcompanyeitherbyownership,partownershiporsimilarshareholders;or
(ii) ifWedeemthatsuchlostnetearningsorongoinghirechargesaroseduetoYourinactionorunnecessarydelay;or
(iii) duetodelaysinrepairingthehiredinornon-ownedMobilePlantthatarosesolelyduetotheunavailabilityofapartnecessaryfortherepair;or
(iv) beyondthedatethatrepairstothehiredinornon-ownedMobilePlantarecompleted;or
(v) beyondthedateWedeclarethehiredinornon-ownedMobilePlantisuneconomicaltorepair;or
(vi) beyondthedateWeprovideOurofferofsettlementintheeventoftheftandnon-recoveryofthehiredinornon-ownedMobilePlant;
c) ifYourlegalliabilityorlossorDamagetothehiredinorborrowedMobilePlantiscoveredbyanyotherpolicyofinsuranceandthatpolicyhasprovidedIndemnityfortheclaim.
WemayadjustthepremiumpayablebyYouattheendofthePeriodofInsurancebasedonthedifferencebetweentheamountspentbyYouforhiringhiredinMobilePlantduringthePeriodofInsurancecomparedtotheamountestimatedbyYouatthebeginningofthePeriodofInsurance.
ThefollowingAdditionalBenefitsapplicabletoPartAwillnotapplytothisOptionalBenefit:
2. AppreciationinMarketValue;
14. HirevehiclefollowingTheft;
24.1. FinancePayoutforTotalLoss;
24.3. SumInsuredpayout/replacementvehicleforTotalLoss.
106708 POL553 GT Driveline Fleet txt_D10.indd 27 24/01/2017 11:04 am
28
EC128 – Temporary Hire – Mobile Plant
IfWehaveacceptedaclaimforYourMobilePlantunderPartAofthisPolicyWewillalsocoverYouforthehirecostsincurredintemporarilyhiringasimilarorlikekindMobilePlantbutlimitedto$25,000anyoneAccidentand$50,000intheaggregateforallcoveredlossesduringthePeriodofInsurance.
Thiscovercommences7daysfromthetimeYounotifyUsofYourclaimandprovideUswithaccesstoYourMobilePlantandceasesimmediatelywhen:
a) therepairstoYourMobilePlantarecompletedbutsubjecttoamaximumof6months;or
b) WedeclareYourMobilePlantaTotalLoss;or
c) WeoffersettlementtoYouwhereYourMobilePlanthasbeenstolenandisunrecovered.
Thiscover:
a) isrestrictedtothereimbursementofthedailyhirecostsincludinganyloadingfordamagewaiverbutexcludinganyotherfeesorcostsrelatingtomaintenance,fuel,oil,otherfluidsorlubricants,wearandtear,transportationormobilisation,lossorDamage;and
b) doesnotapplytoanyMobilePlantcoveredunderOptionalBenefitEC122HiredinandNon-ownedMobilePlant.
EC127 – Loan Repayment Protection – Mobile Plant
IfWehaveacceptedaclaimforYourMobilePlantunderPartAofthisPolicyWewillalsocoverYouforleaseorothervalidfinancialagreementrepaymentsthatbecomedueandpayablefortheMobilePlantthatisthesubjectoftheclaimbutlimitedto$25,000anyoneAccidentand$50,000intheaggregateforallcoveredlossesduringthePeriodofInsurance.
Thiscovercommences7daysfromthetimeYounotifyUsofYourclaimandprovideUswithaccesstoYourMobilePlantandceasesimmediatelywhen:
a) therepairstoYourMobilePlantarecompletedbutsubjecttoamaximumof6months;or
b) WedeclareYourMobilePlantaTotalLoss;or
c) WeoffersettlementtoYouwhereYourMobilePlanthasbeenstolenandisunrecovered.
Wewillnotpay:
a) anyleaseorothervalidfinanceagreementrepaymentsthatareinarrears;or
b) anyballoonorresidualrepayments;or
c) anyfeesorpenalties.
Youmust:
a) provideUswithalldocumentaryevidenceofYourleaseorothervalidfinanceagreementthatWerequest;and
b) takeallreasonablestepstominimisetheperiodofdisruption.
106708 POL553 GT Driveline Fleet txt_D10.indd 28 24/01/2017 11:04 am
106708 POL553 GT Driveline Fleet cov_D10.indd 3 24/01/2017 10:59 am
wol
ff64
63
Claims Promise• All new claims will be acknowledged
within 24 hours
eb lliw mialc a fo lained ro ecnatpeccA •confi rmed within 5 days of receipt of all information
• Settlement cheques will be processed within 48 hours of receipt of fi nal documentation
nihtiw ot dednetta eb lliw tnemssessA •24 hours of notifi cation
V • ehicle assessment will be made within 48 hours of availability
• We will keep customers informed on claims progress
• We will keep customers informed on repair progress
This insurance is issued by Allianz Australia Insurance Limited, AFS Licence No. 234708 ABN 15 000 122 850 (Allianz).
In arranging this insurance Global Transport & Automotive Insurance Solutions Pty Ltd act as agents of Allianz.
Sydney 02 9966 8820Brisbane 07 3210 0666Townsville 07 4772 0054Melbourne 03 8623 2666Adelaide 08 8232 7645Darwin 08 8981 7510Perth 08 9324 1963
Albury 02 6023 5308
Visit www.gtins.com.au
02 Newcastle 4920 8698
POL553GT 11/16
Global Transport & Automotive Insurance Solutions Pty LtdABN 93 069 048 255 AFS Licence No 240714
106708 POL553 GT Driveline Fleet cov_D10.indd 4 24/01/2017 10:59 am