Credit hire rates. Are they basically the same? – Park Square Barristers

Posted March 19th, 2015 in appeals, insurance, news, rent, road traffic by sally

‘A recent decision from the Court of Appeal has caused a sea-change in the ways in which courts will assess the likely cost of basic hire rates (BHRs) when assessing the recoverable damages to be paid under a credit-hire agreement. From now on, the courts will be entitled to calculate BHRs with reference to the lowest reasonable rate charged by a local (to the claimant) main hire company.’

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Park Square Barristers, 6th March 2015