Getting your own back.
A recent ruling by the Court of Appeal has put credit hire companies on the back foot. Simon Threadgold looks at how the judgement could affect the relationship between hire firms, insurers and insureds.
The Appeal Court judgement in the case of Dimond v Lovell has trulyset the cat among the pigeons. Mr Lovell ran into the back of Mrs Dimond's
car. She got a replacement vehicle under a credit hire agreement from 1st
Automotive while her own was being repaired. She also brought proceedings
against Mr Lovell for the cost of the hire charges.
But Mr Lovell's insurer, the Co-operative Insurance Society, successfully
argued that the agreement fell within the Consumer Credit Act. Because it
did not meet
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