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How do you get trade insurance?
To even qualify for a Motor Trade insurance policy, you must first be able to provide evidence that you are running a business that generates a source of income, such as receipts from vehicles you’ve bought and sold, or documents showing vehicles you’ve worked on.
Do you need a business for trade insurance?
If you run a business in the motor trade then you are legally required to have a basic level of motor trade insurance. If you don’t then you are breaking the law. This applies to mechanics, car dealers, vehicle valets and other similar businesses. Both full-time and part-time businesses must have cover.
Can you drive any car with traders insurance?
If a potential buyer takes a car for a test drive, they need to be insured in case an accident happens. Your motor trade insurance policy can cover this. Drive all types of car covered by your policy. Instead of being restricted to driving a particular make and model, you can drive all cars permitted under your policy.
Does direct line do motor trade insurance?
Direct Motor Trade Insurance currently offers insurance and risk management solutions to over 2000 garages in the UK. We provide exceptionally high levels of technical advice and customer service.
What age can you get traders insurance?
To obtain a Traders insurance under 25 policy through Think Insurance you must be over the age of 23 if you are the main motor trader on the policy. If you own a motor trade business and would like to add an employee onto your Traders insurance policy then they must be above the age of 21.
How do I get trade insurance under 21?
If you’re 21 or younger, motor trade insurance is not generally available. If you’re 21-23 years old, you can sometimes be accepted for motor trade insurance if you work in servicing or repairing vehicles. You will not be able to get a policy to buy and sell vehicles in the trade.
What age do you have to be to get traders insurance?
Can I drive an uninsured car with my insurance?
Is that allowed? No, it is illegal for an insured driver to be driving an uninsured car because insurance is tied to the car and not the individual driver. Driving a car without insurance can result in serious penalties like fines, license suspension, and even jail time.
Are Admiral and Direct Line the same company?
Spun out from Royal Bank of Scotland in 2012, Direct Line Insurance Group (LSE:DLG) doesn’t have the international reach of Admiral, but it represents the leading insurance name in the UK. As well as the Direct Line brand, it owns Churchill and Green Flag. …
Can a 17 year old get traders insurance?
That means a driver who passes their test at the age of 17 could be insured on a motor trade insurance policy at the age of 18.
What can I do with motor trade insurance?
Given that motor trade insurance can cover such a wide range of businesses, it’s essential that every policy is specifically tailored to each individual or firm. Coverage can also extend to scrap, salvage and vehicle dismantlers or full and part-time motor traders with road risk or stock of vehicles at trade premises.
Which is the best motor trade insurance broker?
Bollington offers a full range of policies to suit all aspects of the motor trade. As a specialist motor trade insurance broker, we have created bespoke policies and exclusive schemes to suit the types of customers we work with on a daily basis.
Is it cheaper to take out combined motor trade insurance?
Combined motor trade insurance – This type of policy provides cover for road risks as well as equipment and even your premises. It may be cheaper to take out combined motor trade insurance rather than a number of separate policies.
How is the customer service at Traders Insurance?
RENTERS Insurance. The customer service I received was unusually personal and thorough. She went the extra mile to save me money and help me understand details of my policy. I have found Traders to be very fairly priced for my auto insurance. Thanks again Traders customer service has exceeded our expectations.