subject: Top 5 Things To Think About With Motor Trade Insurance [print this page] Top 5 Things To Think About With Motor Trade Insurance
If you have set yourself up in some capacity to work with cars whether as a car trader or a valeter, then you need to consider motor trade insurance. Getting the right cover can save you plenty of hassle in the event of an accident. We have given you our top 5 things to take into consideration when you are looking for the most suited policy.
Requirement Does your area of work mean that you need to have a traders policy to enable you to operate properly? If you are involved in any type of business where you need to drive another persons car, you need the right insurance. Even if you only have to move it around your workplace, you still need to cover yourself.
Cost Taking out a traders policy can be more cost effective than regular cover. You can add multiple vehicles onto the same policy usually for no extra cost. You will find that you can get comprehensive cover for under 500 using a trade policy.
Private car insurance If you want to change vehicles on your regular cover then you will more than likely have to pay a fee to do so. On top of this, if you attempt to use a car covered on a private policy for trade purposes without notifying your insurer then your cover ay be invalidated.
Adding other cars cover With a private policy you can add a driving other cars' extension onto your cover which gives you third party cover to drive other peoples vehicles. This should not be used as an alternative to a traders policy! If you do use this instead of a proper policy then most insurers will not pay out if you are involved in any kind of accident as this addition does not cover trade use.
Flexibility One of the biggest advantages of a trade policy is the ability to drive a variety of vehicle types under the same cover. This can be extremely useful working within the trade as you may have to deal with all sorts of vehicles each day.
If you need any further information regarding motor trade insurance then do not hesitate to contact a reliable broker.
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