How do you calculate loss of use as an alternative to credit hire?
Loss of use is typically calculated as a daily rate for the period the claimant was without their vehicle. Rates vary by vehicle type and location. If the…
Frequently asked questions
How do you calculate loss of use as an alternative to credit hire?
Loss of use is typically calculated as a daily rate for the period the claimant was without their vehicle. Rates vary by vehicle type and location. If the credit hire claim fails (for example due to lack of impecuniosity evidence), loss of use is often the fallback position. The Wiltshire v Aioi case awarded loss of use when the credit hire claim failed.
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