Hire View - VHI Email News
Hire View is a free additional benefit for client’s and brokers/authorised representatives of VHI. Hire View is VHI's quarterly news bulletin which provides typical information relating to developments within the Hire industry.
By subscribing to VHI OnDemand you will receive email alerts from VHI regarding issues that are occurring within your industry or be alerted when a new edition of Hire View has been released.
Claims Frequency & Costs on the Rise
It is evident that the cost of repairs is on the rise in line with increased cost of parts and other inflationary factors. The costs to replace vehicles over the past twelve months has risen resulting in an increase in claims payments for Total Loss Settlements where Replacement cost was an option.....Read More
The Inevitable Premium Rate Increase
In the previous edition we reported findings as summarised, there have been significant weather events that have seriously impacted on the insurance industry and underline the volatility of Australia's climate.....Read More
Car Rental Agreements - Unfair Contracts
Some of the provisions which commonly appear in vehicle hire agreements which are at risk of being designated as unfair are:.....Until the legislation is tested there is little guidance on how the courts will interpret how the second limb of the test (that a court must consider whether a clause is necessary to protect the legitimate business interests of a party) will be applied.....Read More
Component Pricing
Component pricing occurs when a business advertises or represents a price which is less than what the person will actually have to pay to acquire the product. The legislation prohibits the use of component pricing unless it also prominently specifies the overall price the customer is required to pay to acquire the product.....Read More
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