Someone else is riding my moped. Is he insured?
Moped insurance pays for damages caused with the insured moped. Depending on the coverage chosen, the insurer also provides coverage against damage to the moped itself, but what about lending it out? Is that allowed and might problems arise from lending? Am I insured on someone else's moped?
Moped insurance is linked to the vehicle and not to the person who took out the insurance. So you can let someone else ride the moped, but only on the condition that the driver is authorized to drive. Thus, he or she must have a driver's license or a moped certificate. The question is whether it is also wise.
What are the risks of lending?
For example, it’s common for the person borrowing the moped to be unfamiliar with it, which increases the risk of damage. From the perspective of moped insurance, there are also several important reasons not to lend out your moped.
Are you letting someone younger drive it? If so, you risk having a higher deductible in the event of a claim. Suppose you’re 24 years old and you lend your moped to a 23-year-old friend. With some insurers, this can have major consequences for the amount of your deductible in the event of a claim. If the borrower causes damage, insurers can increase the deductible for that claim by up to €1,000, on top of your existing deductible. There’s also another issue to consider. If the borrower causes damage, the claim will count against your no-claims years. As a result, you may end up paying more for your moped insurance.
Insurer may not offer coverage for younger drivers
For younger drivers, the insurer may charge a higher deductible, but the consequences can be even greater. The insurer may exclude claims caused by drivers under the age of 25. In that case, the consequences of damage caused by a young driver are incalculable. The insurer will not pay out or recover from you the damages they have paid out to the other party. Suppose the accident caused permanent bodily injury to a pedestrian. The resulting claims are priceless. So be very careful about lending to a younger person.
What if the borrower damages the moped?
An accident can severely damage your moped. If you are not insured for damage to your own vehicle, a problem arises. Who pays for the damage to your moped? Does the borrower have the money to compensate you financially? Also, is the borrower willing to repay the damage? So it remains to be seen whether you will get the damage paid for by the person you lent the vehicle to.
You can lend a bicycle, but don't do that with a moped. In most cases, moped insurance provides coverage, but the risks are too great.
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