Leasing out own private vehicle

[basil]

Hi

Can someone confirm if this is legal or not? I thought it wasn't here but i regularly see notices on the cold storage boards etc.

Also one of the car rental companies i am looking at offers a service where they can loan out peoples private vehicles.

I'm a bit confused

[yoongf]

The issue is with the motor insurance. Normal private car insurance does not cover "for profit" rental arrangements. Should there be an accident, and it's eventually found that it's a rental arrangement, then it's considered as driving without insurance.

[tiburonturby]

It is the onus of the car owner to purchase the relevant or additional insurance coverage to cover the lease period if it is a private rental arrangement or agreement. It sis still legal if done this way.