Credit Hire Insurance

Choosing Bluedrop Services means partnering with a specialist who understands the intricacies of the credit hire industry and is committed to delivering insurance solutions that work as hard as you do.

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Credit Hire Insurance FAQs

What is credit hire insurance?

Credit hire insurance provides cover on vehicles that are hired out on credit terms to customers that have been involved in a non-fault accident. The credit hire company can then claim the money back from the person who is believed to be responsible for the incident – so it is on a credit basis. It ensures customers can continue their daily activities without disruption, keeping them on the road while their own vehicle is being fixed. A credit hire company can insure a full fleet of vehicles that they hire out on this basis.

Why is credit hire insurance needed?

Our credit hire insurance policy provides comprehensive and consistent coverage for multiple vehicles under one policy at a cost-effective price. It therefore simplifies administrative tasks and minimises downtime with fast replacement vehicles. Credit hire insurance also provides flexibility, cost control and peace of mind, enhancing your business's credibility and protecting your valuable assets, all while streamlining insurance management and budgeting for your fleet operations.

Is a credit hire vehicle the same as a courtesy car?

A courtesy car and a credit hire vehicle both provide alternative transportation while yours is out of action. However, the main difference lies in how they are arranged and paid for.

A courtesy car is typically provided by your insurance company or the repair shop, with the cost covered by your insurance policy or the at-fault party's insurance. A credit hire vehicle is arranged by a credit hire company, and the cost is billed to the at-fault party's insurance or a third-party insurer, not your own policy. This often provides you with a wider selection of vehicles and an opportunity to find a like-for-like replacement.

What are the benefits of credit hire insurance?

Credit hire insurance offers a range of valuable features and benefits. It provides exceptional flexibility, with coverage available in any geographical area and accessible to all occupations and uses. Credit Hire vehicles can be used for any purpose by the hirer with the appropriate permissions (i.e. for social, domestic & pleasure use, own business use/commercial travelling (sales rep) or for taxi use – so long as the insurance policy wording accommodates this).

This insurance offers a true any driver policy, even accommodating young drivers. It allows for a mix of vehicles, including vans, cars and trucks, all conveniently bundled under a single policy. This approach ensures that all types of vehicles, including prestige and plated ones, can be seamlessly insured and provides peace of mind and convenience for a wide range of policyholders.

Credit hire insurance allows the credit hire company to provide immediate insurance to the driver of the car being hired out, with a printable certificate and on a pay as you go basis.