Loaner Insurance
05-06-2014, 02:40 PM
#1
Burning Brakes
Thread Starter
Loaner Insurance
Who is responsible. Currently I am paying for the insurance but I know of one dealer covering the insurance for his customer. Any one else getting the insurance covered by the dealer?
05-06-2014, 02:54 PM
#2
Rennlist Member
The problem is this. When you signed out for the loaner, you probably contractually accepted you would be responsible for the car. Your car insurance company will cover you for 30 days free of charge. However, after 30 days you either must get insurance on the loaner OR take the loaner back to the dealer have them prepare a new contract on it and you will get another 30 days free of charge. Thereafter every thirty days you get a new contract.
All that said, you should check with your insurance agent or company.
All that said, you should check with your insurance agent or company.
05-06-2014, 04:07 PM
#4
Race Director
My Dealer say they are covering mine, as well. They said it has to do with how they internally issue you the car. There is more than one way to loan you the car. I should of asked them for more details but once I knew I was fine I just moved on.
05-06-2014, 10:06 PM
#7
Race Director
Unreal - They are fixing the engine and they can not even loan a car w/o issues, as well. What is going on with them???. I am just amazed we are all driving around with loaners and there is so much misinformation and/or interpretation of coverage.
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05-07-2014, 11:46 AM
#8
Rennlist Member
Usually that is true if the loaner is replacing a car you own. However, many of us like myself the Gt3 is an additional car and not paid for until delivered. That may completed the coverage. To be safe confirm with your insurance company.
05-07-2014, 12:32 PM
#9
Rennlist Member
^Agree, I have it in writing.
FWIW, Liberty also covers track damage if you are not in a racing event or have a timer in the car...I hopefully will never test this coverage...
FWIW, Liberty also covers track damage if you are not in a racing event or have a timer in the car...I hopefully will never test this coverage...
05-07-2014, 12:43 PM
#10
Rennlist Member
Interesting regarding the track coverage. I ordered sport chrono. I wonder if that alone would void coverage even if it was not in use.