Credit hire win for insurers.

Insurers could save as much as £30m a year following the Court of Appeal's landmark decision on a lo...

Insurers could save as much as £30m a year following the Court of
Appeal's landmark decision on a long disputed credit hire case.


The Court's ruling in Dimond v Lovell stipulates that insurers should only
be liable for losses actually suffered by the claimant, rather than the
cost of a replacement vehicle. The verdict means that many credit
agreements are now no longer enforceable by law, which could result in
bankruptcy for credit hire companies across the country.


The judgement concluded that credit

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: