Important Factors Of Motor Trade Insurance Policies
Motor trade insurance is great for anyone who is involved within the motor vehicle
industry and needs to drive a number of different cars for their business or job. Having a motor trade insurance policy ensures that you should be legally covered to drive any vehicle on the public roads of the United Kingdom. However there are a number of important factors that should be considered for your motor trade insurance.
Some brokers do not provide a clear excess amount that would be payable if you were liable for an accident or had to make a claim. This should be taken into consideration and you should always look at what excess would be payable if you needed to make a claim. Due to the nature of motor trade insurance excesses can be quite large and this should be an important factor when choosing a motor trade insurance policy.
Travel locations, if your business requires you drive your cars in Europe it highly likely that you will not be covered in a standard motor trade insurance policy. A number of people often make trips to the continent believing that they are adequately covered with their motor trade insurance and only find out that they are
not when it is to late and they are trying to make a claim
The type of motor vehicles you will use on the policy is an important factor that will affect both the price and coverage of a motor trade insurance policy. Standard motor trade insurance policies will only generally cover you for cars or vans, and also to a relatively small value. You should be weary of this, especially if you have received a very cheap quote, as it may not be suitable for your needs. If you want to drive high value or luxury cars on your motor trade insurance policy it is important to enquire about this with your insurance broker, as it may require further cover to be added to the existing policy.
The final factor to consider is the added benefits that may be supplied as part of some motor trade insurances. Due to the nature of your business it is highly likely that you will need immediate cover that will give you the level of indemnity that you require. Complete claims management service is always useful as when you need to make a claim you will not want to have any problems in ensuring that your compensated quickly and effectively so as little damage to your business can be caused as possible.