Day rate insurance policy

Norwich Union Courtesy Car and Demonstrator Insurance

This insurance is designed to complement your existing Motor Trade insurance.

The policy cover applies to courtesy cars and demonstrators up to and including Insurance Group 20, whilst they are loaned or hired to any customer who has completed and signed an acceptable Dealer Car Agreement form (pricing differs from groups 1-17 and 18-20, Glass's Guide describes insurance groups for each vehicle).

Benefits of this insurance policy

• Cover on demonstrators is unaccompanied.
• Cover not readily available under motor trade insurance.
• Sensible excess levels and customer acceptance criteria apply.
• As well as cars, the policy can also cover vans up to 3.5 tonnes gross vehicle weight used for the carriage of own goods.
• Premiums are charged on a daily or per loan basis, payable by monthly declaration.

Summary of the policy cover
Loss or damage

• Comprehensive cover for loss or damage up to a maximum indemnity limit of £100,000.
• Standard Excess of £250.
• Additional £250 Excess applies to drivers aged 21 to 24.
• Theft by customer included, subject to 25% excess.
• At the Policyholder's request, cover for loss or damage to customer's personal effects up to £150.

Liability to third parties

• Protection against liability for death, injury or damage to property, including claimant's costs and expenses:
  • Third party injury
  • Unlimited indemnity
  • Damage to property
  • £5m limit of indemnity, reduced to £1m if the vehicle is at any high risk premises or is carrying a hazardous substance, and £250,000 (£1 million effective from 1st June 2007) in respect of pollution or contamination.
• Solicitor's fees for representation at any coroner's inquest or fatal accident inquiry or court of summary jurisdiction.
• The cost of legal services for defence in the event of proceedings being taken for manslaughter or causing death by reckless driving.
• Emergency treatment fees as required by the Road Traffic Acts.

This summary is only an outline. A copy of the policy, which defines the insurance in precise terms, is available on request. Please email insurance@dcml.co.uk