On car insurance, I’m looking at standard clause below. I’m not sure I understand what it means, though I’ve never had occasion to need to.
“The Policyholder may also drive a private motor car not belonging to the Policyholder and not hired to the Policyholder under a Hire Purchase Agreement or leased, provided it is insured under another insurance policy, for social domestic and pleasure use only and with the consent of the owner. Cover is limited to Third Party.”
If the other car’s policy is for any driver, or has me as a named driver, this seems to be a statement of the obvious. It’s no business of my insurance company and I doubt they would pay in the event of a claim.
On the other hand, if I’m not covered under the other car’s policy, I assume my company are saying they would settle third party claims.
Can anybody confirm?
“The Policyholder may also drive a private motor car not belonging to the Policyholder and not hired to the Policyholder under a Hire Purchase Agreement or leased, provided it is insured under another insurance policy, for social domestic and pleasure use only and with the consent of the owner. Cover is limited to Third Party.”
If the other car’s policy is for any driver, or has me as a named driver, this seems to be a statement of the obvious. It’s no business of my insurance company and I doubt they would pay in the event of a claim.
On the other hand, if I’m not covered under the other car’s policy, I assume my company are saying they would settle third party claims.
Can anybody confirm?