Motor trade insurance is not available to everyone. This product is very niche and you should consider all aspects before you make an offer. To avoid disappointment, it is best to fully understand the criteria. You must be involved in the motor trade. You could work for a garage chain, or sell pre-owned and new cars. Providers will need to verify that you are independent and have your own premises.
There may be some exceptions for those who work remotely. Motor trade insurance policies can be used to protect both part-time and full-time traders. The policy can be obtained even if you’re a stationary or tied mechanic. Motor trade insurance has been successfully obtained by mobile mechanics. The policy may cover a van they own. The policy allows vehicle delivery if you are not a transporter.
Motor trade insurance
You should confirm with your provider if there are any grey areas. The policy may cover a car valet, whether they are full-time or part-time, as long as they have premises. These premises may also be covered by the mobile car valet service. You will be covered for both the car you drive and the one being delivered. These are the factors to consider before you take the car to the client’s house. The testing coverage does NOT cover late hours such as 11pm to 7am. If you plan to drive the vehicle during this time period, you must notify the provider.
Be wary of the temptations to just get coverage for a high-performance car. Motor trade insurance providers have learned to recognize that there are some people who abuse the system in order to get coverage for high-performance cars. The company will verify that the vehicle has been purchased and sold. The policy will be cancelled if you fail to provide enough evidence. For attempted fraud, you could be reported to police.
A valid driving licence must be current for at least 12 consecutive months. There are specific requirements that the EU places on citizens of its member states. This policy is not available to anyone under 18 years old. Motor trade insurance policies for drivers under 25 years old will be subject to additional restrictions.
Limiting the engine size is necessary. The policy will not cover cars that have turbo engines or larger engine sizes. Subaru is a highly-favored car. Motor trade insurance providers will look out for younger clients who are trying to obtain coverage in situations where other providers might laugh at them. They will perform routine checks of the information you provide to them.
Why should you get motor trade insurance?
You may need motor trade insurance for specific situations. These themes should be adhered to and you shouldn’t pretend to be a trader when you really are just a teenager trying to make a fast one. High performance vehicles can be covered by special arrangements. You should not pay anything to the dealer until you’re certain that you will be covered. If the provider discovers that the customer is being misled, the policy will be cancelled.
