Do I need to insure my loaner car?
When your car is at the garage for inspection, maintenance or repair, a loaner car from the garage can be a godsend. But what about the car insurance? Are you obliged to insure the loaner car or does the garage have to take out car insurance?
Who should insure the loaner car?
In most cases, garages will insure their cars against third-party liability. With a third-party insurance you are insured for damage you cause to another person. Damage to your own vehicle is not covered under the car insurance with this coverage. You run the least risk when the car has WA limited casco or Allrisk coverage.
Loaner car insurance coverage
A loaner car from the garage is therefore not entirely without risk. Although the loaner car is insured for liability damage, the damage to the car itself is not. So if you cause any damage to the car yourself, the garage company can hold you responsible for this damage. Even if the damage is not your fault, due to vandalism for example, in principle you have to pay for the damage.
Car on loan? Check the insurance with the garage
Do you need a loaner car? Always check well in advance with your garage company how the loan car is insured and what the conditions are. As long as you have the car on loan, you are responsible for the car. Even if the car is All Risk insured, you can still face costs in case of a damage. For example, the garage company can recover the excess owed from you. It is important to have this clear in advance before you take the car home.
Insuring the risk of your loaner car?
Nevertheless, there are still possibilities to insure yourself extra. The garage company can offer you the possibility to also insure the car casco. The garage company can then charge you for the extra costs. Your car must have WA-casco (all-risk) insurance, and your own car must be at the lending garage at that time for maintenance or damage repair or MOT inspection.
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