Summary of Cover*
Vehicles – Section 1*
Indemnifies the insured’s loss by paying either:
- The cost of repair
- An amount equal to the reasonable cost of repair
- An amount equal to market value at the time of loss
or, by replacing the vehicle.
Liability shall not exceed the market value of an insured vehicle.
Legal Liability– Section 2*
Covers the insured’s liability at law, to indemnify third parties for their loss or injury in the event of an accident caused by, or in connection with, the insured’s vehicle.
Total liability shall not exceed the limit specified in the schedule in respect of any one claim or claims arising from one accident.
Costs and legal expenses*
incurred in defending any claim arising out of an accident are also covered in addition to the limit specified in the schedule.
*This information is a guide only.
Exclusions, limits and conditions apply.
In the event of any conflict with this document the terms and conditions of the Policy wording and the Schedule apply.
Zurich New Zealand
Standard & Poors A+ rating