General Insurance Article - Holiday parking: 43% of car insurance exclude valet parking


Drivers using airport valet parking services warned to check their insurance before handing over their keys

 Gocompare.com Car Insurance is warning drivers to check their insurance before handing over their car keys to a valet parking service – or risk picking up the cost of repairs if their vehicle is damaged.

 A review of 230* comprehensive car insurance policies by the leading comparison website revealed that 43% of policies exclude ‘damage to the vehicle whilst in the control of valet parking staff’. The warning comes as an increasing number of motorists opt for ‘meet and greet’ valet parking at airports or hand their keys over to car valet cleaning services.

 Matt Oliver, car insurance spokesman at Gocompare.com commented: “Valet parking is becoming more common in the UK, many airports, major hotel chains and entertainment venues now offer a ‘meet and greet’ service.
 While valet parking can be a convenient way to park your car, especially at airports, any damage to your car while in the care of the valet service might not be covered by your car insurance. So, before handing over your keys, you need to check your insurance to see if you’re covered.

 You should also read the valet service operator’s terms and conditions. These will outline what insurance cover, if any, they offer, and detail any exclusions, limits and excesses. Typically, operators offer very limited cover for damage to your car, which you will need to spot and report to them when you collect your vehicle.Any possessions left in your car are also typically excluded.

 For more information on how valet parking effects your car insurance, visit Gocompare.com’s valet parking guide here

Back to Index


Similar News to this Story

Cyber Insurance is next big product for commercial brokers
UK brokers believe that cyber insurance is the new or emerging commercial insurance product with the most growth potential. Significantly low cyber in
Davies names Richard Barke as CEO of Insurance Solutions
Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the promotion o
Incident response planning is a key cybersecurity control
Despite being focused on post-breach activities, cyber incident response planning has emerged as a key cybersecurity control in reducing an organizati

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.