| To someone in the industry one of the first | | | | insurance. With our policies there is no limit to your |
| questions you may consider is - do I need a | | | | amount of personal vehicles. Instead of separate |
| Motor Trade Insurance policy? Here are some | | | | car policies you can incorporate all your vehicles |
| things you may find helpful in making your | | | | on the traders policy - for free!. The minimum |
| decision: | | | | premiums through our company can be very low |
| Regular Car Insurance policy - you may be able to | | | | - £350 for Third Party Only; £395 for Third |
| change your vehicle on your car policy but it will | | | | Party Fire & Theft; £450 for Comprehensive! |
| probably cost you each time. At an estimated | | | | Necessity - are you getting to the point where |
| £20 a go this can take the price of your annual | | | | not having a policy is restricting your earning |
| insurance to unreasonable levels. Also, be aware | | | | potential? Have you ever needed to drive |
| that if your insurer finds out that you are in the | | | | someone else's car for a repair or a test drive |
| trade and you haven't told them for a re-rating of | | | | and not been able to? You could take a chance |
| your policy it may invalidate your cover! | | | | and drive without the right insurance but be |
| Driving Other Cars Extension - this is a useful | | | | prepared for a fine and points, or a ban, if you're |
| addition to your private car policy that allows you | | | | caught. Also, remember that some clients will ask |
| to drive someone's car at a Third Party Only level | | | | to see your insurance policy before they allow |
| (perfect you may think as a cheap alternative to | | | | you to drive their vehicle. |
| a Trade Policy). This may be okay if you are | | | | Freedom - a trade policy can allow you to drive a |
| stopped by the police but in the event of an | | | | multitude of different vehicles under one policy. |
| accident your insurance could again be invalidated. | | | | Some examples could include - vans up to 7.5 |
| Why? Because Driving Other Cars cover does not | | | | Tonne, imports, sports & performance vehicles, |
| apply to anyone in the motor industry! I often | | | | MPV's up to 8 seats, and kit or modified cars. |
| speak to people who use this cover to carry out | | | | Most policies also allow you and your wife |
| their business and I can only advise to not - if you | | | | common law spouse to be covered for social and |
| do you're paying for insurance that will never pay | | | | or trade use for little extra cost. |
| out! | | | | So, the question should be - can you afford to |
| Price - motor trade insurance can actually work | | | | not have a Motor Trade Insurance policy? |
| out cheaper than what you pay for private | | | | |