INSURANCE FOR OWNERS
Insurance conditions for owners

So that you can rent your vehicle out to other people without any worries, .

Summary of the key points

• Please check in your vehicle policy if your vehicle is insured for hire against payment or if this is explicitly excluded. 
• If hire against payment is excluded, you will require additional insurance. So you are fully covered in the event of a claim. This does not apply to vehicles registered outside of Switzerland.
• If your vehicle has breakdown assistance insurance, you can indicate this when registering. In that case the renter will not need to arrange this coverage. If you have not taken out any breakdown assistance, the renter can add this.
• You can choose whether or not the renter must take out insurance for damage to the vehicle interior, or you can give the renter the option of adding this cover voluntarily.

Your own rental insurance 

If your vehicle does not fulfil the above criteria, or if you already hold rental insurance, it can be insured by your own insurance company as a rental vehicle. 

Coverage

The covers vary from insurance company to insurance company. 

Preconditions

Your insurance policy must contain the wording "private rental" or "rental against payment". If the policy does not expressly mention rental, we recommend that you consult your insurance company and request written confirmation. Most insurance companies exclude rental against payment in their general terms and conditions of insurance. 

Procedure

If you want to rent your vehicle out on myOldtimer using your own rental insurance, please change this in the vehicle creation process. 

Costs

Rental vehicle insurance usually entails a higher annual premium than insurance that covers only private use. Make the insurance available to the lessee, pay the premium and include it in the cost of the rental.