Originally Posted by Big Man
I just got a Traders policy, £1500 am 21 and the ecos ins was £1300! I had to have a unit to trade from with an address (my old man has one!).
Lets me drive any car fully comp, and covers me for public liability. BUT you only get paid out trade price not listed price if you damage/write off a car.
but before they do pay out they will ask for proof of trading, if you can't provide adaquete proof of trading they won't pay.
they are all wise to people doing this for cheaper insurance, most companies now like ongoing proof of trading plus its part of the insurance act anyway that everytime a trader gets a new car he has to tel/fax the details over and the same when he sells one, i used to do it once a fortnight (mainly because i kept forgetting!)
best way is car enthusiast policy as mentioned above.
hth
Tricky