Credit Hire Vehicle

What is Credit Hire ?

Credit hire is a valuable service provided to individuals who have been involved in a non-fault accident. In these situations, the victim's own vehicle may be rendered undrivable or require extensive repairs, leaving them without a means of transportation. Credit hire companies step in to offer temporary replacement vehicles, allowing the affected individuals to remain mobile and continue with their daily activities while their own vehicle is off the road.

One of the significant benefits of credit hire is that it eliminates the need for the victim to pay the excess amount on their insurance policy. Even if the victim has comprehensive insurance coverage, they are entitled to a replacement vehicle and can pursue a claim without involving their own policy. The cost of the credit hire vehicle is claimed directly from the insurance company of the at-fault party, ensuring that the victim does not suffer any financial burden as a result of someone else's negligence.

Additionally, utilizing credit hire services does not affect the no-claims bonus of the victim. By handling the entire claim process through the third-party insurance company, the victim can protect their valuable no-claims bonus and avoid any negative impact on their insurance premiums. This is especially important because maintaining a no-claims bonus can result in significant cost savings in the long run.

Furthermore, credit hire ensures that the victim remains mobile throughout the period when their own vehicle is off the road. This is particularly crucial for individuals who rely on their vehicles for work or other essential activities. Whether it's commuting to the office, meeting clients, or running errands, having access to a replacement vehicle allows the victim to carry on with their daily routine without disruption or inconvenience.

One of the key advantages of credit hire is the provision of a "like for like" replacement vehicle. Often, the third-party insurance company may attempt to persuade the victim to accept a replacement vehicle from their own panel of suppliers. However, these vehicles may not be suitable or comparable to the victim's original vehicle, potentially causing practical difficulties and inconveniences. For instance, if the victim is a salesperson who regularly meets clients and requires a prestigious saloon car, accepting a small hatchback as a replacement would be impractical. By working with a credit hire company, the victim can ensure that they are provided with a vehicle that meets their specific needs and preferences, ensuring their comfort and convenience during the period of vehicle unavailability.

It is crucial for individuals involved in non-fault accidents to seek legal advice before accepting any offers from third-party insurers. While insurance companies may appear helpful, they may not always have the best interests of the victim at heart. Accepting an offer without proper legal guidance can result in inadequate compensation, unsuitable replacement vehicles, or other unfavorable outcomes. Seeking legal advice ensures that the victim's rights are protected and that they receive fair compensation for their losses and suitable replacement vehicle options as required by law.

In conclusion, credit hire is a valuable service that provides temporary replacement vehicles to individuals who have been involved in non-fault accidents. It offers several benefits, including the elimination of excess payments on insurance policies, the preservation of no-claims bonuses, and the ability to remain mobile during vehicle repairs or replacement. 

By working with us and seeking legal advice, you can ensure that your rights are upheld, your needs are met, and you receive fair compensation for your losses.