# NZI Steadfast Commercial Motor Vehicle — NZI

**Insurer:** NZI (`nzi`)
**Product slug:** `commercial-motor`
**Status:** active
**Vertical:** business-car
**Extraction confidence:** verified

**Wording effective:** 2020-01-01
**Source PDF:** https://baileysinsurance.co.nz/wp-content/uploads/2025/07/NZI-Steadfast-Commercial-Motor-Policy-Wording_01-2020_-_FINAL-Plus-Endorsements.pdf
**PDF hash (sha-256, first 16):** `968160af9cfd56ce…`

## Glass

{"side_rear_covered":"yes — 'windscreens, sunroof, headlights, tail lights, indicator light glass, mirror glass or window glass' are all covered under the Windscreens and Window Glass extension","no_excess_for_repair":"yes — no excess applies where claim is solely for windscreen/window glass loss (including repair), unless otherwise shown in the schedule"}

## Hire Car

{"after_theft":"yes — 'Theft Cost – Hire of alternative vehicle': covers necessary and reasonable costs of hiring another vehicle of a similar make and model following theft or unlawful conversion; the cost of the first 7 days of hire is not covered; maximum $5,000 for any one event unless a different amount is shown in the schedule","daily_cap_nzd":"daily rate shown in the schedule (applies when no similar vehicle is available for hire)","days_after_at_fault":"covered under optional 'Loss of Use' extension (schedule-stated limit); excess equal to cost of first 7 days hire applies","days_after_not_at_fault":"covered under optional 'Loss of Use' extension (schedule-stated limit); excess equal to cost of first 7 days hire applies"}

## Exclusions

["loss of use of any kind whatsoever, or costs or expenses that result from that loss of use, unless expressly insured","depreciation or reduction in value","loss to any drill shaft or bit of any type of drilling rig or machinery whilst being used for the purpose of drilling below ground or surface level","loss caused by or in connection with the insured vehicle's faulty or defective design, specification or materials (limited to the part immediately affected)","damage to or destruction of tyres (unless resulting from separate covered loss)","loss to engine and all engine parts, cooling systems, hydraulic system, transmission system, fuel systems, braking systems, electrical/electronic systems, pumping and vacuuming systems, any fixed plant machinery, underground exploratory devices (unless resulting from fire, overturn, impact/collision, immersion, theft/conversion, malicious damage, hail/snow/storm/lightning, natural disaster, or animal impact)","loss caused by or in connection with wear and tear; rust or corrosion; action of light and fading","liability for bodily injury covered by the Accident Compensation Act 2001","loss or liability when a vehicle is driven by a person whose breath or blood alcohol exceeds the legal limit","loss or liability when a vehicle is driven by a person under the influence of any intoxicating substance or drug","loss or liability when a vehicle is driven by a person who fails or refuses to supply a breath or blood sample as required by law","loss or liability when a vehicle is driven by a person who fails or refuses to stop, or remain at the scene, following an accident as required by law","loss or liability arising from use in connection with asbestos in any form","loss or liability in connection with confiscation, nationalisation, requisition, destruction of, or damage to property by order of any Government, Public or Local Authority (unless to prevent/control accidental loss otherwise covered)","loss or liability when a vehicle is driven in breach of any enactment or regulation relating to 'Work Time and Log Books' requirements under New Zealand Law","loss of any electronic data in a computer operating system, programme, software, information repository, microchip, integrated circuit or similar device","loss or liability in connection with any actual or alleged dishonest, fraudulent, criminal, unlawful, or malicious act or omission","loss or liability in connection with wilful breach of any statute, contract, or duty","loss or liability in connection with conduct intended to cause damage, loss, or liability with reckless disregard for the consequences","loss or liability of any type in connection with nuclear weapons material, ionising radiations or contamination by radioactivity","loss or liability if the vehicle is loaded or operated contrary to the manufacturer's recommended specifications or contrary to regulations or statute","loss or liability of any type to the extent that provision of cover would contravene any sanction, prohibition or restriction under any United Nations resolution or trade or economic sanctions","loss or liability of any type in connection with seepage, pollution or contamination, unless sudden, unintended and unexpected","loss or liability of any type in connection with any act of terrorism","loss or liability of any type in connection with any activity, event or occurrence deemed to be unlawful to insure against","loss or liability if the insured vehicle is driven by any person who does not have a licence in full force and effect, or is not complying with the conditions of their licence","loss or liability if the vehicle is being used in an unsafe condition","loss or liability arising from use whilst hired out or leased out to a third party for reward","loss or liability arising from use on a race track, or for pace making, reliability trials, hill climbs or speed tests, or while being used in preparation for any one of these activities","loss or liability of any type in connection with war, invasion, act of foreign enemy, hostilities or warlike operations, civil war, civil commotion, military rising, mutiny, rebellion, revolution, insurrection, military or usurped power","liability determined by any court outside New Zealand","liability arising directly or indirectly out of the use of any mechanical plant component while it is being used or operated for the purpose for which it was designed (e.g. the operation of a crane or back hoe), except for vehicle-mounted mechanical plant used to load/unload or any fork hoist","liability for loss to any property that belongs to, or is/was in your care, custody or control (with stated exceptions)","liability in connection with the transporting of a load to, or away from, the insured vehicle (excluding actual loading or unloading)","liability for loss to any vehicle that is insured under this policy","liability for punitive or exemplary damages (except as extended by Exemplary Damages extension)","liability arising out of a contract or agreement unless you would have been liable even without such contract or agreement","any legal defence costs, fines or court costs arising from the prosecution of any offence under any Act of Parliament"]

## Claims Basis

occurrence — cover applies for accidental loss 'occurring anywhere in New Zealand ... during the period of insurance'

## Modifications

{"must_be_declared":"yes — 'You must tell us immediately if there are any: a. Modifications to an insured vehicle' and disclosure duty requires disclosure of 'Any non-factory modifications (whether structural, performance or cosmetic) to an insured motor vehicle.'","performance_mods_excluded":"not explicitly excluded — undisclosed modifications may affect cover via duty of disclosure breach"}

## Hired In Plant

Hired In Vehicles (General Policy Extension): If you hire in or rent in a vehicle during the period of insurance and you accept the rental owner's statutory offer of insurance, this extension covers: 1. Liability to third parties for the difference between the amount payable under the statutory offer of insurance and the maximum amount payable under Section 2; 2. The difference between the Section 1 excess under this policy and any deductible that would have been applicable under the rental vehicle owner's insurance. Also: 'Hired in Vehicle – Consequential Loss' (Section 2 automatic extension) covers liability to the owner of a hired/rented vehicle for consequential losses caused by a Section 1 loss, up to $50,000 per event, where you reject the owner's statutory offer of insurance.

## Driver Schedule

{"any_driver_cover":"yes — 'There is only cover under this policy when any vehicle insured under this policy is being used by any driver with your consent'","driver_age_limits":"not specified — no minimum age stated in wording; learner drivers permitted provided 'all requirements of the law are being complied with' (per Unlicensed Drivers exclusion exception)","named_drivers_required":"no — any driver with insured's consent is covered"}

## Goods In Transit

{"included":"yes — automatic extension: 'Section 1 is extended to cover loss to goods owned by you, that are being carried on or in an insured vehicle, for the purpose of a single relocation (such as a delivery to a customer's premises or to a warehouse) resulting from loss to an insured vehicle covered under Section 1 of this policy.'","sub_limit_nzd":10000}

## Natural Disaster

{"flood_covered":"yes — 'the insured vehicle being partly or fully immersed in a body of water' listed as event reinstating Vehicle Parts cover; natural disaster referenced as covered peril throughout","storm_covered":"yes — hail, snow, storm or lightning listed as events that reinstate Vehicle Parts cover exclusion exceptions","volcanic_covered":"yes — covered under 'natural disaster' peril referenced throughout the policy","earthquake_covered":"yes — 'natural disaster' referenced as a covered peril and as an exception to Vehicle Parts exclusion"}

## Territorial Scope

We will insure you for accidental loss to an insured vehicle occurring anywhere in New Zealand, including transit between islands of New Zealand, during the period of insurance.

## Excess Options Nzd

{"theft":"Where the cause of loss is theft or unlawful conversion or fire (fire not resulting from impact) to the insured vehicle, no excess will apply to the Section 1 claim unless stated in the schedule or payable under any 'Section 1: Automatic Policy Extension' or 'Section 1: Optional Policy Extension'.","at_fault":"not specified — not mentioned in wording","standard":"shown in the schedule","unnamed_driver":"not specified — not mentioned in wording","fleet_aggregate":"If more than one insured vehicle suffers loss from a single event, only one excess shown in the schedule will apply, being the highest excess, together with any excess payable under any extension in 'Section 1: Automatic Policy Extensions' or 'Section 1: Optional Policy Extensions'.","under_25_driver":"not specified — not mentioned in wording","inexperienced_driver":"not specified — not mentioned in wording"}

## Mobile Plant Cover

Ingestion or Entanglement of Foreign Objects extension covers accidental loss resulting from entry, entanglement or ingestion of any foreign object into any mulching, chipping or agricultural implement or machine, up to $50,000 per event. Hoists, Hydraulic Lifts and Rams extension covers mechanical breakdown or mechanical failure of hoists or hydraulic rams permanently attached to the insured vehicle up to $10,000 per event (excess $500). Off Road Tyre/Track Damage extension covers accidental loss to tyres or tracks fitted to an insured vehicle not principally used for driving on public roads. Section 2 excludes liability from the use of mechanical plant components while used for their designed purpose, except for vehicle-mounted mechanical plant used to load/unload or any fork hoist.

## Drive Other Vehicle

Vicarious liability extension (Section 2 automatic): covers your legal liability while any vehicle not belonging to you and not provided by you is being used for your business by any person in your employment, or any vehicle hired in by you is being used for your business by any hired-in or temporary driver. Does not cover loss to that vehicle or property being transported by it, nor liability also covered under other existing insurance. No general 'drive other vehicle' extension for individual named drivers driving vehicles other than the insured vehicle is provided.

## Vehicle Value Basis

{"market_default":"yes — 'we will pay you the market value of the insured vehicle'","agreed_available":"yes — 'Section 1: Optional Policy Extensions – Agreed Value': 'In the event of a total loss covered under Section 1, we will pay the agreed value as specified in the schedule.'","total_loss_basis":"If we consider the vehicle is a total loss, we will settle your claim by whichever of the following applies: a. we will pay you the market value of the insured vehicle; or b. if the insured vehicle is hired, rented, borrowed or loaned we will pay the market value of that vehicle to a maximum of $250,000; or c. we will replace the insured vehicle as outlined in 'Section 1: Automatic Extensions – New Replacement Vehicle'; or d. if the insured vehicle is leased, we will settle as outlined in 'Section 1: Automatic Extensions – Lease Value'; or e. If 'Section 1: Optional Policy Extensions – Agreed Value' applies, we will pay you in accordance with the terms of that extension.","sum_insured_indexation":"no — not mentioned in wording"}

## Windscreen Excess Nzd

nil — 'If your claim under Section 1 is solely for loss to windscreens, sunroof, headlights, tail lights, indicator light glass, mirror glass or window glass (including scratching or damage to bodywork resulting solely from broken glass) then no excess applies to this extension, unless otherwise shown in the schedule.'

## Cover Tiers In Wording

["comprehensive","third-party-fire-and-theft","third-party"]

## Machine-readable endpoints

- Structured facts: `/api/business-car/product/nzi/commercial-motor/facts.json`
- Full markdown wording: `/api/business-car/product/nzi/commercial-motor/wording.md`
- Version history: `/api/business-car/product/nzi/commercial-motor/history.json`
- Insurer profile: `/api/business-car/insurer/nzi/summary.md`

## Citation

Cite as: NZI NZI Steadfast Commercial Motor Vehicle policy facts (wording effective 2020-01-01), InsureNZ, accessed 2026-07-05.
Canonical URL: https://insurenz.co.nz/api/business-car/product/nzi/commercial-motor/summary.md
Primary source: https://baileysinsurance.co.nz/wp-content/uploads/2025/07/NZI-Steadfast-Commercial-Motor-Policy-Wording_01-2020_-_FINAL-Plus-Endorsements.pdf
License: CC BY 4.0 — attribute https://insurenz.co.nz