Combined

The Details

Motor Trade Insurance – At Insurance Choice you can be confident that we will provide you with a motor traders insurance policy that suits your individual trade.

All our motor trade insurance policies are considered for Public and Products Liability. Where necessary this may also include employers liability motor trade insurance.

We can also provide motor trade insurance cover for customers working from home.

Motor Trade insurance is available when you are selling more than six vehicle a year.

General motor trade insurance Details:

• All Motor Trades Insured
• Policyholders aged 25 and over
• Policyholders aged 24 with earned no claims bonus considered
• Demonstration Cover
• No limit on indemnity level
• Private Car No Claims Bonus accepted
• Premises Cover
• Liability cover options
• Specialist vehicle
• Prestige vehicles
• Sports vehicles

Occupations

Motor trade insurance cover is available to persons who provide full or part time services to the motoring public/trade whether this be at home/mobile or premises, for example:

• Mechanics
• Motor Engineers
• Tuners
• Servicers
• Repairers
• Panel Beaters
• Valeters
• Breakdown/Accident Recovery Operators
• Or similar occupations both mobile or static

NB – We are unable to provide motor trade insurance cover for Northern Ireland.

Other Information

Motor Trade FAQs

Am I covered to drive any vehicle?

You are covered to drive any vehicle owned by the policyholder or any in the policy holders custody and control for motor trade purposes.

Can I drive someone else's car with their permission?

Only if the vehicle is in the custody and control of the policyholder for motor trade purposes.

What does a motor trade policy cover me for?

Social, Domestic and Pleasure use including commuting to and from a permanent place of work and motor trade business use including test drives, collection/delivery, taking to MOT, etc.

What is demonstration cover?

Cover for vehicles whilst being test driven by prospective purchasers. They must hold a full UK licence and be accompanied by a person named on the certificate of insurance.

Do you offer an "any driver" policy?

No. All drivers will need to be approved and named on the certificate of insurance.

Can my spouse take the children to school under this policy?

Yes, provided you had requested Social, Domestic and Pleasure use which allows any named driver on the certificate of insurance to drive a car for domestic purposes. This will include family outings, weekly shopping, visiting friends and commuting to and from a permanent place of work.

Will you cover my own personal vehicle?

Our policy automatically covers any vehicle owned and registered in the name of the policyholder. It will not, however, cover vehicles owned by a spouse or employee.

Do I qualify for a motor trade insurance policy?

Are you a motor trader?

Most good brokers and insurers will ask for certain criteria before selling a Motor Trade policy.

To qualify for a Motor Trade policy obviously you must be actively buying and selling cars or working in the motor service industry.

Buying and selling cars?

• Most insurance companies will want to see you turning over a minimum of 6 vehicles a year even on a part time basis.
• We do have an insurance company that do not have restrictions on how many vehicles are brought and sold but they do require that you are actively buying and selling
• This is in addition to changing your own personal vehicle
• The vehicles must be brought and sold with a view to sell on for a profit and not just for your own personal use.

How do I prove to the insurance company that I have been selling cars?

• Brokers or insurer might request proof of trading before they go on cover
• This can be purchase receipts copy of invoices or your accounts
• If this can't be produced and you have confirmed that you have been trading before cover can be cancelled by the broker or insurer
• Some insurers will do a spot check and request this information half way through an insurance year

What happens if I have a trade policy and am not trading?

• In the event of an accident if you can't provide adequate proof that you have been actively trading in the insurance period the insurance company have the right not to pay the claim
• If this happens they will also cancel the insurance policy

If I work in the motor service industry part time can I have a trade policy?

• Yes - There are two kinds of policies available a motorserve or motor trade. The motor serve will cover the vehicle you runand then cover your customers vehicle for you to move or test drive following service or repairs
• Motor trade policy will cover you the same but will able you to run the customers vehicle or keep it for longer periods if need be and will cover all your vehicles not just one vehicle as the motor serve policy does.

Vehicle declaration to MID

Motor Insurance Data Base.

1. As a motor trader if you purchase a vehicle and have not sold the vehicle within 7 days then you need to register the vehicle with the Motor Insurance Data Base.
2. This is to register the fact the vehicle is in your possession and is insured through your motor trade policy.
3. If the police run the registration number through the data base it will show that you have registered the vehicle and that you are legally insured to drive it.
4. This will stop any administration or inconvenience should they have to stop you to produce documents to show you have the cover as a trader as the vehicle will be registered to the previous owner.
5. The Policyholder must register the vehicles as being in their possession within 14 days of ownership on the MID. For further information as to rule and regulation please visit the MID website.