What's the odds of having an accident on your wedding day.......
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What's the odds of having an accident on your wedding day.......
person 1 borrows car from person 2.
after the wedding, person 1 remember he owes person 2 a slab of beer as he lost a bet that abx would beat xyz.
I know a fellow who hires his classic cars for weddings. He and his mates drive them.
I'm not sure what he does for insurance but I do know the ATO are only interested in such a venture if you derive an income from such a venture of $20,000 or more.
For prospective hirers, some insurance companies are only interested if you are operating as a business.
Check with your insurance company.
From my insurance company
Quote:
Wedding Hire Use
means your vehicle is used for Private Use
and the limited business use of carrying passengers for hire or
reward in connection with weddings or school formals.
If you use your vehicle for Private Use, you should choose
Private Use vehicle usage for your cover.
If you use your vehicle for weddings or school formals, but for
no other income earning purposes, you should ask us to add
Wedding Hire Use to your cover.
However, if you use your vehicle for any Business Use that is
more extensive than Wedding Hire Use, you should ask us to
cover you for Business Use. You will be covered for Private
Use and Wedding Hire Use under your Business Use vehicle
usage cover.