Insurance Question - lending a car to a friend

[Toppy81]

Hi,

Shortly I'll be off to Oz on a 6 month business trip & taking my family with me. My wife has a leased car so it would just sit put for 6 months (fortunately work are paying). A good friend is in need of the car so has offered to pay the lease and any insurance costs, so I'm keen to help him out.

I've just had a frustrating call with the insurers who refuse to add him as an additional driver for 6 months or allow him to take an additional policy on the car. Their reasoning is that he won't be covered unless he's the "main driver" on the policy, and they won't allow him to become the main driver, nor have his own additional policy on the car as its leased against my wife's name.

I don't really want to cancel our policy and lose a years no claims so I'm tempted just to add him as a named driver and run the risk of main driver status questioned in the event of a claim...but that does seem a bit risky.

Anyone got any bright ideas/suggestions?

Thanks

[mikesalt]

Have you called other insurance companies to see what they can offer? Plenty of deals out there where the main driver is not necessarily the owner / lease holder.

Mick

[sday12]

Don't do that, they will be looking for a reason not to pay out, no need to give them one.

Cancel your policy, forfeit the years no claims, you can't keep the policy on the car as they don't like you having two policies on one vehicle.

1 years NCB is not as valuable as we like to think.

Get him to sort out his own insurance.

[Spangles]

sday12 said:

you can't keep the policy on the car as they don't like you having two policies on one vehicle.

'They' really couldn't care if you've got 2 policies on one vehicle. They would if you tried claiming off both for the same incident though.

[sday12]

Spangles said:

sday12 said:

you can't keep the policy on the car as they don't like you having two policies on one vehicle.

'They' really couldn't care if you've got 2 policies on one vehicle. They would if you tried claiming off both for the same incident though.

And if you keep you policy current, your insurer will be dually responsible in paying the claim.

[martinbiz]

I would also check with the lease company that what you are planning to do falls in with their terms and conditions, many require the leaseholder to be the insured main driver for obvious reasons.

I assume it's a personal lease agreement.