| If you are new to the car industry; the first question | | | | company; think again because you may have just |
| that you are bound to come up with is if you truly | | | | invested in a policy that will never pay out. |
| need a motor trade policy. If you have pondering | | | | Why should you buy a motor trade insurance policy? |
| over this aspect of the business, here is some | | | | There are several benefits to buying a motor trade |
| relevant information that will help you to make an | | | | insurance policy; the most distinctive among them |
| informed decision. | | | | include: |
| Why not choose a regular car insurance policy? | | | | * Price: While some business owners may believe |
| Although changing the vehicle on a regular car | | | | that a motor trade policy will cost them more than |
| insurance policy is an option, you will need to pay a | | | | regular car insurance; when you look at all the |
| fee for every time you do so. At £20 or more for | | | | benefits and provisions, you will realise that the |
| each time you add a new vehicle to the policy, this | | | | former is a better option in the long run. Unlike |
| may prove to be an expensive prospect and can | | | | personal policies there are no limitations to think |
| significantly add to your premium charges. | | | | about with a trade cover; all your vehicles can be |
| Another problem is that if your insurance provider | | | | incorporated in a single policy for free. |
| finds out that you are in trade and are changing the | | | | * Freedom: With a motor trade insurance cover, you |
| vehicles on the cover to suit your business needs; | | | | can include multiple vehicles under the same policy |
| they may just invalidate the cover and refuse to pay | | | | including vehicles such as vans, 8 seater, sports cars |
| for any claims. | | | | and even modified vehicles. Most policies will also let |
| Why not choose a policy that offers an extension | | | | you insure the cars used by your spouse and |
| for other cars? | | | | yourself for trade purposes under the same cover |
| This is a valuable feature to include when looking for | | | | for a small fee. |
| private vehicle policies; this provision lets you enjoy | | | | * Necessity: A motor trade insurance policy is |
| the benefits of third-party cover even when you | | | | necessary if you want to work in the car industry. |
| drive a car that does not belong to you. Some | | | | Most business owns realise that they are restricted |
| business owners believe that this is a cheap | | | | by the terms of their policy when they buy cover |
| alternative to a motor trade policy. However, this | | | | for personal vehicles and try to use it for commercial |
| type of cover will only work in case you are stopped | | | | purposes. If you are caught driving somebody else's |
| by the police. If you are in an accident, you cover | | | | car for a test drive or fatter repair, you may be |
| provider may refuse to entertain any claims; simply | | | | banned, your license may be revoked and you will in |
| because the Driving Other Cars, cover is not valid for | | | | all likelihood be fined heavily, so it's best to choose |
| people in motor trade. If you have purchased such a | | | | the right type of insurance for your business. |
| policy and think that you are fooling the insurance | | | | |