Car lent out and a collision: will the insurance pay?

You lent your car and that person has an accident. Will the insurance pay? Most people in the Netherlands naturally have car insurance for their car. (This is also mandatory) But what happens if you have lent that car and the person in question has a collision? Will the damage be reimbursed if you have lent your car?

Third party car insurance, lending the car, a collision and then?

The owner of a car with third-party liability (legal liability, mandatory) insurance who has lent his car to someone else can simply rely on his own third-party car insurance in the event of an accident. If your own car is also damaged, it will be a completely different story in that respect. This damage cannot be recovered from your own insurance, but from the person who drove the car. The same actually applies to the no-claim discount. People often go backwards one or more steps if they have caused an accident, which means that car insurance becomes more expensive. This could also be the case if someone else was driving the car. In that case, the additional amount that must be paid to the insurance can only be recovered from the person who borrowed the car. Moreover, the person in question cannot claim this damage from his own third-party liability insurance. Such claims are excluded from coverage.

Discuss with the person to whom you lend the car what the consequences may be in the event of damage

People who lend a car to someone else would be wise to discuss in advance what the consequences will be if an accident occurs. This way, no one will be faced with surprises that could cost a lot of money.

Constantly lending a car

Someone who lends his car to someone else for a long time must report this to his insurance company. In that case, the insurance company wants to adjust the premium to the number of claim-free years that the person who usually drives the car has. This does mean that the premium can be higher or lower. Someone who lends his car for a long time must put this in writing and then report it to the insurance company.

Third party car insurance and Limited Casco

A car insurance policy with third party liability + limited comprehensive coverage not only has mandatory third party liability coverage, but also damages to your own car are reimbursed. However, there are always many conditions and they differ per company. There is also often a deductible. This means that part of the damage will be borne by the car owner. In the event of damage and payment of a third party liability and Limited Casco, the no-claim premium also comes into play.

Third party liability + full hull: All Risk car insurance

All-risk car insurance is hardly sold anymore; nowadays it is often called third party liability + full comprehensive insurance. This insurance reimburses much more than the other variants. For example, damage to your own car is covered in many cases (but still not in all cases). There are also rules attached to this. People who drink or use narcotics are always excluded from compensation for damages. But even if someone has deliberately caused damage or the car is so worn that an accident was unavoidable, nothing will be reimbursed.