of this policy – excesses
The excesses below apply to sections 1 and 2 of this policy.
If more than one of these excesses is applicable, then You must pay all of them and also any other applicable excess shown on the Certificate of Insurance.
Excesses for young, inexperienced and other drivers
This excess is in addition to the other excesses described in this special condition.
In calculating Your premium, We take into account the age and experience of the people who will be driving, operating and in charge of Your Vehicle.
The amount of this excess is shown on the Certificate of Insurance as the
‘Driver excess’. A driver excess is payable if at the time of the loss or damage or Occurrence the Person driving or operating or in charge of Your Vehicle, or driving or operating or in charge of a vehicle towing Your caravan or trailer:
• is:
– under 19 years of age – 19 - 20 years of age – 21 - 24 years of age
– 25 years of age or more but has not held an Australian driver’s licence for two or more years for the type of vehicle being driven at the time of the event.
• has held a license for less than two consecutive years following re-issue or reinstatement of a driving licence after its cancellation or suspension.
You do not have to pay a ‘Driver excess’ if:
• Your Vehicle is stolen or damaged as a result of theft or attempted theft by anyone other than a member of Your Family
• You are entitled to the additional benefit ‘No fault bonus’ described on page 82
• Your claim is only for the additional benefit ‘Windscreen bonus’
described on page 82
• Your claim is only for additional benefit ‘Damage to Your Vehicle by an uninsured vehicle’ described on this page.
Vehicle excess
The amount of this excess is shown as a ‘Vehicle excess’ on the Certificate of Insurance. It is payable on a claim in connection with the vehicle insured by this policy or any vehicle being used temporarily as a replacement for it.
You do not have to pay the vehicle excess if:
• You are entitled to the additional benefit ‘No fault bonus’ described on page 82
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• it relates to a claim for the
additional benefit ‘Damage to Your Vehicle by an uninsured vehicle’
described on page 84
• the claim against You is for damage to an underground service or underground property or loss as a result of the damage and You are not claiming for damage to Your Vehicle.
Tipping excess
This excess is in addition to the other excesses described in these Special conditions and regardless of whether it is mentioned on the Certificate of Insurance.
If Your Vehicle has tipping mechanisms and damage occurs or liability is incurred which is covered by this Motor vehicle policy whilst the tipping mechanism is being operated and was fully or partially elevated, then all excesses applicable are doubled in monetary amount.
Underground excess
If ‘Underground excess’ is shown on the Certificate of Insurance, You must pay that excess for any claim arising out of or in connection with loss of or damage to an underground service or underground property or any losses as a result of loss of or damage to an underground service or underground property.
Vehicles exceeding 10 tonne If ‘Business Use’ is shown on the Certificate of Insurance and Your Vehicle is a prime mover or a truck with a carrying capacity of more than 10 tonne then all excesses applicable are doubled in monetary amount for claims for the theft of Your Vehicle or damage to Your Vehicle when that theft is from, or the damage occurs at, a location outside the ‘Radius of Operations’
shown on the Certificate of Insurance.
Claims payment examples
The following examples are designed to illustrate how a claim payment might typically be calculated. The examples do not cover all scenarios or all benefits and do not form a part of the policy terms and conditions. They are a guide only.
Claims example: Damage to Your Vehicle: Total Loss – Retail Cost You have a comprehensive cover for Your Vehicle with a basic excess of $500.
You have insured it for ‘Retail Cost’ and ‘Business Use’. You are registered for GST purposes. Your Vehicle is involved in collision. You are at fault in the collision and We assess that the cost of repair plus salvage value exceeds the Retail Cost. We decide to treat Your Vehicle as a Total Loss.
The Retail Cost is $40,000 (GST inclusive).
HOW MUCH WE PAY EXPLANATION
Retail Cost as $40,000. the Vehicle is a Total Loss with a Retail Cost of
$40,000. We normally decide a vehicle is a Total Loss if the cost of repairs plus salvage value equals or exceeds the sum insured or Retail Cost
less GST component
$3,636.36 the Retail Cost includes GST. As You would be entitled to input tax credits if You replace Your Vehicle We reduce the amount of Our payment by the amount of those input tax credits. In this example the vehicle is used 100% for Business Use less excess $500 We deduct a basic excess of $500
total claim payment
$35,863.64 We would normally pay this amount directly to You in a Total Loss situation
Claims example: Authorised repair
You have a comprehensive cover for Your Vehicle with a basic excess of $500.
Your Vehicle is involved in a collision. You are at fault.
The cost of repairs to Your car is $3,000 (GST inclusive).
HOW MUCH WE PAY EXPLANATION
cost of repair $3,000 Your Vehicle is damaged and We authorise repairs to Your Vehicle with the cost of $3,000 in this example less excess $500 We deduct this from the amount We pay to the
repairer and You would pay the excess of $500 directly to the repairer
total claim payment
$2,500 We would normally pay this amount directly to the repairer
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Claims example: Theft of Your Vehicle
You have fire theft and legal liability only cover for Your Vehicle with a basic excess of $500. Your Vehicle is stolen from outside of Your Home and recovered damaged 10 days later but is not useable and roadworthy. You are not registered for GST purposes.
You needed to hire a car for 7 days, totalling $700 (GST inclusive). The cost of repairs to Your car is $4,500 (GST inclusive).
HOW MUCH WE PAY EXPLANATION
Cost of repair $4,500 Your Vehicle is stolen and damaged, We authorise repairs to Your Vehicle with the cost of $4,500 in this example
Cost of hire car $700 We pay You for Your hire car cost
less excess $500 We deduct this from the amount We pay for Your hire car cost. In this example, We pay You $200 ($700 - $500)
Total claim payment
$4,700 We pay $4,500 to the repairer and $200 to You for Your hire car cost
Claims example: Legal liability
You have cover for legal liability only with a basic excess of $500.
Your Vehicle is involved in a motor vehicle collision which damages another vehicle. You are at fault in the collision.
The cost of repairs to the other vehicle involved is $12,500. The third party vehicle is privately owned by an individual therefore We do not deduct the GST part of the repair cost.
HOW MUCH WE PAY EXPLANATION We pay the third party
$12,500 third party property damaged with a demand for compensation of $12,500 in this example
less excess $500 Your applicable basic excess $500
You are at fault in the collision. We will request the basic excess of $500 from You
Total claim payment to
third party $12,500 We would normally pay the claim directly to the third party
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Special definitions of words used in this policy
The definitions below apply only to this policy and override all other definitions including the ‘General definitions applying to words We use in this Plan’.
Agreed Value means a specific sum insured for Your Vehicle which You have selected (excluding registration, stamp duty, transfer fees and insurance) and We have agreed to by issuing a Certificate of Insurance stating the amount so specified and noting it as ‘Agreed Value’.
Business Use means:
• used in connection with Your occupation or business; and
• used for social, domestic and pleasure purposes.
Business Use includes Your vehicle being used:
• in connection with repairs, servicing and testing
• to teach someone to drive for free
• in a demonstration while selling Your Vehicle.
Caravan Contents means the type of Contents 1 to 9 and 11 shown in the first column of the table on page 61 of this Plan.
Dangerous Goods has the same meaning as set out in the ‘Australian Code for the Transport of Dangerous Goods by Road and Rail’.
Farm Use means:
• use in connection with Your occupation as a farmer; and
• use for social, domestic and pleasure purposes.
Farm Use includes Your Vehicle being used:
• in connection with repairs, servicing and testing
• to teach someone to drive for free
• in a demonstration while selling Your Vehicle.
Placard Load has the same meaning as set out in the ‘Australian Code for the Transport of Dangerous Goods by Road and Rail’.
Private Use means:
• use for social, domestic and pleasure purposes; and
• use by You in person in connection with Your business or occupation but not when You are using Your Vehicle for the business or occupation of:
– outdoor sales, commercial travelling, collecting or delivery, insurance assessing, a manufacturer’s agent, a stock or station agent, an auctioneer, a real estate agent or a sales agent, a driving instructor, a motor trade; or – carrying goods, articles or
passengers for payment (however, You can use it in a private pool or car sharing arrangement if You do not make a profit).
Private Use includes Your vehicle being used:
• in connection with repairs, servicing and testing
• to teach someone to drive for free
• in a demonstration while selling Your Vehicle.
Radius of Operation means the Radius of Operation shown on the Certificate of Insurance and measured from the location shown on the Certificate of Insurance.
Retail Cost means what it would cost to buy a vehicle of a similar make, model and condition (excluding registration, stamp duty, transfer fees and insurance), ignoring accessories and modifications not usually factory fitted to such a vehicle unless they are listed on the Certificate of Insurance under the heading ‘Accessories’, at the time of the loss or damage.
Total Loss means where We decide to pay You the full sum insured for the lost or damaged property. This is usually when the cost of repairs to Your Vehicle is more than the sum insured less any amount We can obtain for the vehicle’s salvage.
Your Vehicle means the vehicle shown on the Certificate of Insurance and:
• any type of machine on wheels or on self laid tracks or other attachment to be utilised in conjunction with or drawn by any such machine, made or intended to be propelled by means other than manual or animal power
• the tools which are normally offered for sale with vehicles of a similar make and model
• accessories that are usually factory fitted by the manufacturer or dealer to such a vehicle (but not a caravan annexe if Your Vehicle is a caravan)
• non standard equipment or accessories including those fitted by the manufacturer or dealer, up to a value of $500
• an accessory specified on the Certificate of Insurance under a heading ‘Accessories’, which are on, attached to or locked in Your Vehicle at the time of damage or theft.
88 WFI Rural Plan – Pleasure boat policy