Could Airport Parking Affect your Car Insurance?
The motoring world is changing, with fuel prices spiralling out of control. On top of this, there has recently been a massive increase in the number of ‘no win, no fee’ legal companies advertising their services on television. This has resulted in their being more claims being made by motorists, and therefore larger legal expenses for insurance companies.
Insurers have been desperate to recoup these costs and have therefore been passing the additional expense over to motorists in the form of higher basic car insurance costs. It’s a vicious circle, where people’s greed has actually ended up costing the vast majority of people money.
This has led to an increased in the number of motorists searching for cheap car insurance on moneysupermarket.com. Of course, one of the common mistakes that price comparison website users make is thinking that the cheapest deal is always the best option. This simply isn’t the case, and a number of insurers who offer cheaper deals will be omitting important parts of their package in order to ensure that they can offer competitive prices.
Some of the most common elements omitted are things like legal protection or European breakdown cover. However, is it possible that airport parking could also come into play as a factor that insurers could use to refuse to pay out in the event of a claim being made?
One of the factors which influences your insurance offers is where you intend on parking your vehicle. Cars which are parked in a locked garage or on a secure driveway will be less likely to be stolen or vandalised than cars which are parked on the road. This therefore results in cheaper offers from insurers due to the reduced statistical likelihood of a claim being made. Any motorists who lies to their insurer about where their vehicle is being parked could therefore risk invalidating their insurance policy.
The Telegraph recently talked about the importance of paying for secure airport parking in order to avoid any potential damage or theft. This is corroborated by many insurance companies on their websites, who advise informing your insurer if you intend on leaving your vehicle in a commercial car park when you go on holiday.
However, this viewpoint is not shared by Emma Holyer, the head of specialist car insurance at Liverpool Victoria, who commented: “Unless you’re parking for more than six months it will make no difference to your car insurance policy. The vehicle would be covered in the same way as if you were parking it anywhere.”
It is often said that leaving your vehicle in a commercial car park is done at your own risk, so is it really any different when you go on holiday? The truth is that there is no definitive answer which covers all insurers. The best advice is therefore to inform your insurance company of your intentions if you are planning on leaving your vehicle in a commercial car park when you go on holiday just in case. It is better to be safe than sorry, with the worst case scenario leaving you heavily out of pocket if the insurer refuse to pay up after you make a claim.
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