Product Disclosure Statement

Section One – Endorsements

What is covered	What is not covered
Laid Up Cover If you choose this endorsement and it is shown in your schedule, we will only pay for loss or damage to your vehicle or for your legal liability if at the time of the loss, damage or accident (as the case may be) your vehicle is: at a private residence; at a garage or workshop; at a sanctioned Motor Enthusiast Club event; at a Shannons Auction event; being transported, eg. when you transport your vehicle on a trailer to a Motor Enthusiast Club event; being restored; being loaded/unloaded for transport.	Laid Up Cover We will not pay if your vehicle is being driven/ridden under its own power.
Wedding or chauffeur driven/ridden hire If you choose this endorsement and it is shown in your schedule, we will also pay for loss or damage to your vehicle or for your legal liability if at the time of the loss, damage or accident you are using your vehicle for carrying passengers for hire or reward in connection with a wedding or other chauffeur driven/ridden hire.
Total Loss Salvage Rights If we show in your schedule that you have salvage rights, and your vehicle is a total loss you will keep the wreck of your vehicle at no cost to you.	Total Loss Salvage Rights Salvage rights will not apply if your vehicle is stolen and we pay you for a total loss.
Protected No Claim Bonus If we show in your schedule that a no claim bonus for a vehicle is protected, this no claim bonus will not be penalised even if you are at fault.
Club Plates Cover will only be provided when your vehicle is being driven/ridden in accordance with the government Department of Transport’s rules and regulations for Club registration
Club Racing If this benefit is shown in your schedule, we will pay for loss or damage to your vehicle if at the time of loss or damage you are driving/riding or using your vehicle: in any race, pacemaking, reliability trial, speed or hill climbing test but only if such an event is an event licensed by the Confederation of Australian Motor Sport or other body as approved by us in writing; on a racetrack or testing ground or land immediately adjacent to a racetrack or testing ground if such driving/riding or use is carried out under licence from the Confederation of Australian Motor Sport or other body as approved by us in writing. Additional Excess We will apply an additional excess of $500 to all claims under this endorsement.	Club Racing For loss or damage to your vehicle, we will not pay any amount in excess of: the agreed value; or $20,000; whichever is the lesser. We will not pay a claim for legal liability under Section Two of the policy if the event giving rise to your legal liability occurs when you are using your vehicle: in any race, pacemaking, reliability trial, speed or hill climbing test whether or not licensed by the Confederation of Australian Motor Sport.
Restricted driver/rider If this endorsement is shown in your schedule, then the cover is restricted to those drivers or riders nominated in your schedule. The only exceptions are: a mechanic in the course of regular servicing or maintenance; a repairer in the course of repairing accident damage; a valet in the course of parking your vehicle; during an extreme medical emergency.

What is covered

What is not covered

Laid Up Cover

If you choose this endorsement and it is shown in your schedule, we will only pay for loss or damage to your vehicle or for your legal liability if at the time of the loss, damage or accident (as the case may be) your vehicle is:

at a private residence;
at a garage or workshop;
at a sanctioned Motor Enthusiast Club event;
at a Shannons Auction event;
being transported, eg. when you transport your vehicle on a trailer to a Motor Enthusiast Club event;
being restored;
being loaded/unloaded for transport.

Laid Up Cover

We will not pay if your vehicle is being driven/ridden under its own power.

Wedding or chauffeur driven/ridden hire

If you choose this endorsement and it is shown in your schedule, we will also pay for loss or damage to your vehicle or for your legal liability if at the time of the loss, damage or accident you are using your vehicle for carrying passengers for hire or reward in connection with a wedding or other chauffeur driven/ridden hire.

Total Loss Salvage Rights

If we show in your schedule that you have salvage rights, and your vehicle is a total loss you will keep the wreck of your vehicle at no cost to you.

Total Loss Salvage Rights

Salvage rights will not apply if your vehicle is stolen and we pay you for a total loss.

Protected No Claim Bonus

If we show in your schedule that a no claim bonus for a vehicle is protected, this no claim bonus will not be penalised even if you are at fault.

Club Plates

Cover will only be provided when your vehicle is being driven/ridden in accordance with the government Department of Transport’s rules and regulations for Club registration

Club Racing

If this benefit is shown in your schedule, we will pay for loss or damage to your vehicle if at the time of loss or damage you are driving/riding or using your vehicle:

in any race, pacemaking, reliability trial, speed or hill climbing test but only if such an event is an event licensed by the Confederation of Australian Motor Sport or other body as approved by us in writing;
on a racetrack or testing ground or land immediately adjacent to a racetrack or testing ground if such driving/riding or use is carried out under licence from the Confederation of Australian Motor Sport or other body as approved by us in writing.

Additional Excess
We will apply an additional excess of $500 to all claims under this endorsement.

Club Racing

For loss or damage to your vehicle, we will not pay any amount in excess of:

the agreed value; or
$20,000;

whichever is the lesser.

We will not pay a claim for legal liability under Section Two of the policy if the event giving rise to your legal liability occurs when you are using your vehicle:

in any race, pacemaking, reliability trial, speed or hill climbing test whether or not licensed by the Confederation of Australian Motor Sport.

Restricted driver/rider

If this endorsement is shown in your schedule, then the cover is restricted to those drivers or riders nominated in your schedule.

The only exceptions are:

a mechanic in the course of regular servicing or maintenance;
a repairer in the course of repairing accident damage;
a valet in the course of parking your vehicle;
during an extreme medical emergency.