Hello! Our home is located in the suburbs. We are considering offering our car as part of our HomeExchange. Has anyone had experience with this? Have you researched insurance implications? I want to ensure that the value of the home exchange wouldn’t make loaning the car be considered renting the car for money. Also, would that increase the points assigned to our home? Thank you!
We have not done it but it is outside of HE and does not benefit from the deposit or guarantees they offer. You have to think about mileage, deductible, what happens in an accident. Lay out terms clearly. From an insurance standpoint It is like loaning a car to a friend. We were just discussing who pays if it gets towed. It is my breakdown but you may have taken is somewhere far away. There is no guest point value as I understand it for a car, I would find that weird since HE wants to stay out of it. Now we are in the US so we worry about liability, other countries may be different.