Carhood

[moa999]

Came across carhood.com.au on an auto show.
Currently operates at BNE and MEL.

Synopsis is free airport car parking, and detail, and while you are away they can rent your car out and you get 25% of any rentals.

Looks interesting.

Anyone used to either store or rent?

 

[tosh04]

Actually dropping my car off there tomorrow and it's been booked to be rented out whilst I am away. Fingers crossed no problems!

 

[jb747]

Wonder what your insurance company will think?

 

[OzEire]

Wonder what your insurance company will think?

Or the police when you tell them "honestly officer I left the car at the airport, someone else must have racked up those fines/driven the getaway car" !

 

[JohnK]

What a lovely business model.

Rent out someone else's car and make 75% off the rental.

 

[Deleted member]

I wouldn't lend my car to a stranger. I'm not letting another stranger lend it out for profit.

 

[UP4014]

What a lovely business model.

Rent out someone else's car and make 75% off the rental.

Their web site says they cover the insurance side hence the 75%.

 

[jb747]

I'll bet it's pretty much the same as 'rent a wreck'. Anyone with anything decent won't let a random stranger drive their car. Look around when you're on the road...most can't drive worth a damn.

 

[JohnK]

Their web site says they cover the insurance side hence the 75%.

I'd imagine that some people will have a clause in their car insurance policy that the car is not used as part of a business such as courier, taxi etc. If the car is involved in an accident you need to report that accident to your insurer?

At the end of the day 25% of $50/day car rental is not a lot. I wouldn't feel comfortable someone driving my car or the wear and tear I would gave to pay for from the extra kilometres travelled.

 

[UP4014]

I'd imagine that some people will have a clause in their car insurance policy that the car is not used as part of a business such as courier, taxi etc. If the car is involved in an accident you need to report that accident to your insurer?

At the end of the day 25% of $50/day car rental is not a lot. I wouldn't feel comfortable someone driving my car or the wear and tear I would gave to pay for from the extra kilometres travelled.

You don't need to report an accident to your insurer, only if you want to make a claim.

 

[OzEire]

You don't need to report an accident to your insurer, only if you want to make a claim.

But the other party might.

 

[JohnK]

You don't need to report an accident to your insurer, only if you want to make a claim.

You do with some insurers. And most insurers have claim matching these days. I wouldn't want to risk it.

 

[Hvr]

You don't need to report an accident to your insurer, only if you want to make a claim.

You do with some insurers. And most insurers have claim matching these days. I wouldn't want to risk it.

Actually you have to report anything that increases the risk covered by the insurance company. Once a car has been involved in an accident then there is a higher likelihood of it being involved in another accident thereby increasing the insurance company's risk.

Failing to report anything that increases their risk means the insurance policy can be declared void from the beginning.

And another trap is when your insurance company pays out an insurance claim they may declare that to be the end of your policy meaning you have to purchase a new policy to continue coverage. Ask and get their response in writing just to be sure.

 

[docjames]

I'm not clear why anyone with any semi-decent car would want to risk that car for $15/day. Leaving aside the insurance issue (which i agree is complex and could be problematic).

If you have a $2000 banger, maybe it's worthwhile.

 

[UP4014]

Actually you have to report anything that increases the risk covered by the insurance company. Once a car has been involved in an accident then there is a higher likelihood of it being involved in another accident thereby increasing the insurance company's risk.

Failing to report anything that increases their risk means the insurance policy can be declared void from the beginning.

And another trap is when your insurance company pays out an insurance claim they may declare that to be the end of your policy meaning you have to purchase a new policy to continue coverage. Ask and get their response in writing just to be sure.

But reading their insurance info it doesn't increase your insurers risk as you insurer isn't covering the vehicle, their insurer covers it while they have it in their possession.

 

[UP4014]

You do with some insurers. And most insurers have claim matching these days. I wouldn't want to risk it.

All good, but so what if they match it, your insurer isn't covering the vehicle. I can't think of an insurance company that would complain about taking a premium for 12 months but say one month is covered by someone else.

 

[JohnK]

All good, but so what if they match it, your insurer isn't covering the vehicle. I can't think of an insurance company that would complain about taking a premium for 12 months but say one month is covered by someone else.

I am saying it's not a good thing. Some insurers take other claims/losses into consideration when calculating your premium, NCD entitlement etc.

 

[Deleted member]

Actually you have to report anything that increases the risk covered by the insurance company. Once a car has been involved in an accident then there is a higher likelihood of it being involved in another accident thereby increasing the insurance company's risk.

Failing to report anything that increases their risk means the insurance policy can be declared void from the beginning.

And another trap is when your insurance company pays out an insurance claim they may declare that to be the end of your policy meaning you have to purchase a new policy to continue coverage. Ask and get their response in writing just to be sure.

Yep, in a total loss situation , that (policy cancellation) will always apply.

 

[UP4014]

I am saying it's not a good thing. Some insurers take other claims/losses into consideration when calculating your premium, NCD entitlement etc.

Not if you weren't driving it yourself.

Matt