Extensions
Extensions
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It's easy to include "Loss of Use" cover with your State Business vehicle insurance. Just give us a call on 0800 80 24 24.
Loss of Use Extension
How would you deliver goods, carry your tools or simply get around if your company vehicle was stolen, written off or unable to be driven?
The cost of funding a replacement while your vehicle is fixed could place a heavy burden on your finances.
State have a simple solution that will ensure your company stays open for business if your vehicle is off the road. This extension gives you at least $75 a day to hire a replacement vehicle when yours is unable to be driven as the result of an accident.
We'll start making this payment to you after the first 3 working days for which the vehicle is unable to be driven. We'll continue the payments for up to 30 days* which gives you plenty of time to find a replacement for the affected vehicle.
*where State pays out for your loss or damage claim within the 30 day period then "Loss of Use" payments shall cease from that date. See policy Terms and Conditions for full details.
IAG New Zealand Limited 2010