Vehicle stock insurance protects vehicles held for sale against insured physical loss or damage at declared premises and, where arranged, in transit or on demonstration. Values and maximum accumulations must be kept current; ordinary business contents insurance is not designed for motor stock.
A severe Gauteng hailstorm dents 18 used vehicles parked in the dealership yard.
How cover may respond: If hail is selected, the stock section may pay reasonable repair costs subject to the accumulation limit, excess and valuation basis.
Important: The maximum value at risk—not the average monthly stock—should have been declared.
Tell us what vehicles you handle, where they are kept and how they are used. A specialist can compare suitable terms and explain the important conditions before you bind cover.
Start my quotationThis is a general explanation, not advice or a policy contract. Cover is subject to the insurer’s schedule, wording, limits, excesses and conditions.