Renting out your car bought for private use is breach of contract Livemint
If you bought your car for private use, but hired it out later, you may not be eligible for a claim on your car insurance policy in case it meets with an accident while being driven by a third person.
The fine print in car insurance policies clearly mentions that a claim on your vehicle will be entertained only if the vehicle is in private use. If the vehicle is hired out to a third person or is used to cart goods in connection to trade or any business or is used for speed racing, the insurer is well within his rights to deny the claim.
