hire and reward insurance.
Request ID: FOI-4568-1718
Date published: 14 March 2018
You asked
F/on from FOI-2986-1718 Thank you for your response. I will review the attachment provided.
In the meantime I have one follow-up question. You included the following statement in your response, " Where a proprietor is the owner of a vehicle they must hold valid hire and reward insurance.
Can you please tell me what "hire and reward insurance" is; where the regulation states this requirements; and whether third party fire and theft insurance is considered valid hire and reward insurance?
We answered
TfL Ref: 4568-1718
Thank you for your email received by us on 14 January 2018 asking for information about hire and reward insurance.
Your request has been considered in accordance with the requirements of the Freedom of Information Act and our information access policy. I can confirm that we hold the information you require. You asked:
Can you please tell me what "hire and reward insurance" is; where the regulation states this requirements; and whether third party fire and theft insurance is considered valid hire and reward insurance?
I can advise that all vehicles must have appropriate insurance in place in order to legally drive on public roads in the UK.
There are various levels of motor insurance a vehicle owner can choose from, which are provided below:
• Fully Comprehensive – this covers damage to third parties and the owners vehicle (including fire damage and theft)
• Third party, fire and theft – this covers third party damage, the owners vehicle for fire damage and in the event of being stolen only
• Third party only – this covers third party damage only (including personal injury)
Further information on the types of motor insurance can be found here: https://www.abi.org.uk/products-and-issues/choosing-the-right-insurance/motor-insurance/
In accordance with section 21 of the FOI Act, we are not obliged to supply you with a copy of the requested information as it is already accessible to you elsewhere.
Hire or Reward is a class of insurance use which allows you to legally carry passengers in return for payment which must be in addition to the classes of insurance listed above as per Section 8 of the1934 Cab Order (as amended).
If this is not the information you are looking for, or if you are unable to access it for any reason, please do not hesitate to contact me.
Please see the attached information sheet for details of your right to appeal as well as information on copyright and what to do if you would like to re-use any of the information we have disclosed.
Yours sincerely
Jasmine Howard
FOI Case Officer
Information Governance
Transport For London
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