Originally Posted by
Ferret
The reason I chimed in was because it was a direct question to me by the insurer "Is the vehicle a demo? No. OK it is a new for old policy in that case" The terms and conditions of the policy wrt 'new for old' certainly specify the word 'New' for the clause to be honoured.
From the terms and conditions of my policy:
Replacement of new vehicle after a total loss
If your vehicle was purchased new by you and becomes a total loss within two years of the starting date of the original registration, we will replace your vehicle with a new vehicle of the same make, model and series.
If you are not the owner of the vehicle from the original registration date, then who owned it at the original registration date? Is a 'demo' vehicle a 'new' vehicle? I really don't know the answer to either of these questions.
The dealer certainly makes a distinction between the words 'New' and 'Demo'. On my sale agreement there were 3 check boxes - 'Second Hand', 'New' and 'Demo'. One is circled by the dealer to specify exactly what the transaction describes.
The best advise is given above - check it with your insurer and remove the uncertainty. I am not saying I am any sort of authority on this, just a doubt was raised in mind as a result of a conversation.