NZI

• market_default: yes — 'we will pay you the market value of the insured vehicle'
• agreed_available: yes — 'Section 1: Optional Policy Extensions – Agreed Value': 'In the event of a total loss covered under Section 1, we will pay the agreed value as specified in the schedule.'
• total_loss_basis: If we consider the vehicle is a total loss, we will settle your claim by whichever of the following applies: a. we will pay you the market value of the insured vehicle; or b. if the insured vehicle is hired, rented, borrowed or loaned we will pay the market value of that vehicle to a maximum of $250,000; or c. we will replace the insured vehicle as outlined in 'Section 1: Automatic Extensions – New Replacement Vehicle'; or d. if the insured vehicle is leased, we will settle as outlined in 'Section 1: Automatic Extensions – Lease Value'; or e. If 'Section 1: Optional Policy Extensions – Agreed Value' applies, we will pay you in accordance with the terms of that extension.
• sum_insured_indexation: no — not mentioned in wording

• theft: Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.
• at_fault: not specified — not mentioned in wording
• standard: shown in the schedule
• unnamed_driver: not specified — not mentioned in wording
• fleet_aggregate: If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.
• under_25_driver: not specified — not mentioned in wording
• inexperienced_driver: not specified — not mentioned in wording

• after_theft: yes — 'Theft Cost – Hire of alternative vehicle': covers necessary and reasonable costs of hiring another vehicle of a similar make and model following theft or unlawful conversion; the cost of the first 7 days of hire is not covered; maximum $5,000 for any one event unless a different amount is shown in the schedule
• daily_cap_nzd: daily rate shown in the schedule (applies when no similar vehicle is available for hire)
• days_after_at_fault: covered under optional 'Loss of Use' extension (schedule-stated limit); excess equal to cost of first 7 days hire applies
• days_after_not_at_fault: covered under optional 'Loss of Use' extension (schedule-stated limit); excess equal to cost of first 7 days hire applies

We will insure you for accidental loss to an insured vehicle occurring anywhere in New Zealand, including transit between islands of New Zealand, during the period of insurance.

• loss of use of any kind whatsoever, or costs or expenses that result from that loss of use, unless expressly insured
• depreciation or reduction in value
• loss to any drill shaft or bit of any type of drilling rig or machinery whilst being used for the purpose of drilling below ground or surface level
• loss caused by or in connection with the insured vehicle's faulty or defective design, specification or materials (limited to the part immediately affected)
• damage to or destruction of tyres (unless resulting from separate covered loss)
• loss to engine and all engine parts, cooling systems, hydraulic system, transmission system, fuel systems, braking systems, electrical/electronic systems, pumping and vacuuming systems, any fixed plant machinery, underground exploratory devices (unless resulting from fire, overturn, impact/collision, immersion, theft/conversion, malicious damage, hail/snow/storm/lightning, natural disaster, or animal impact)
• loss caused by or in connection with wear and tear; rust or corrosion; action of light and fading
• liability for bodily injury covered by the Accident Compensation Act 2001
• loss or liability when a vehicle is driven by a person whose breath or blood alcohol exceeds the legal limit
• loss or liability when a vehicle is driven by a person under the influence of any intoxicating substance or drug
• loss or liability when a vehicle is driven by a person who fails or refuses to supply a breath or blood sample as required by law
• loss or liability when a vehicle is driven by a person who fails or refuses to stop, or remain at the scene, following an accident as required by law
• loss or liability arising from use in connection with asbestos in any form
• loss or liability in connection with confiscation, nationalisation, requisition, destruction of, or damage to property by order of any Government, Public or Local Authority (unless to prevent/control accidental loss otherwise covered)
• loss or liability when a vehicle is driven in breach of any enactment or regulation relating to 'Work Time and Log Books' requirements under New Zealand Law
• loss of any electronic data in a computer operating system, programme, software, information repository, microchip, integrated circuit or similar device
• loss or liability in connection with any actual or alleged dishonest, fraudulent, criminal, unlawful, or malicious act or omission
• loss or liability in connection with wilful breach of any statute, contract, or duty
• loss or liability in connection with conduct intended to cause damage, loss, or liability with reckless disregard for the consequences
• loss or liability of any type in connection with nuclear weapons material, ionising radiations or contamination by radioactivity
• loss or liability if the vehicle is loaded or operated contrary to the manufacturer's recommended specifications or contrary to regulations or statute
• loss or liability of any type to the extent that provision of cover would contravene any sanction, prohibition or restriction under any United Nations resolution or trade or economic sanctions
• loss or liability of any type in connection with seepage, pollution or contamination, unless sudden, unintended and unexpected
• loss or liability of any type in connection with any act of terrorism
• loss or liability of any type in connection with any activity, event or occurrence deemed to be unlawful to insure against
• loss or liability if the insured vehicle is driven by any person who does not have a licence in full force and effect, or is not complying with the conditions of their licence
• loss or liability if the vehicle is being used in an unsafe condition
• loss or liability arising from use whilst hired out or leased out to a third party for reward
• loss or liability arising from use on a race track, or for pace making, reliability trials, hill climbs or speed tests, or while being used in preparation for any one of these activities
• loss or liability of any type in connection with war, invasion, act of foreign enemy, hostilities or warlike operations, civil war, civil commotion, military rising, mutiny, rebellion, revolution, insurrection, military or usurped power
• liability determined by any court outside New Zealand
• liability arising directly or indirectly out of the use of any mechanical plant component while it is being used or operated for the purpose for which it was designed (e.g. the operation of a crane or back hoe), except for vehicle-mounted mechanical plant used to load/unload or any fork hoist
• liability for loss to any property that belongs to, or is/was in your care, custody or control (with stated exceptions)
• liability in connection with the transporting of a load to, or away from, the insured vehicle (excluding actual loading or unloading)
• liability for loss to any vehicle that is insured under this policy
• liability for punitive or exemplary damages (except as extended by Exemplary Damages extension)
• liability arising out of a contract or agreement unless you would have been liable even without such contract or agreement
• any legal defence costs, fines or court costs arising from the prosecution of any offence under any Act of Parliament