gazcos

iTrader: (1)

I,m opening a tuning shop soon and its just occured to me that i need to look at my car insurance I may have to drive customers cars sometimes so Traders Insurance may have to be the way to go........Except i dont really know anything about it. I currently have two policys ,one on my Cossie with Full NCB and one on my Escort Van with a year or so NCB. My wife also has loads of NCB on her Saab so what do i do ? I dont want to loose all that NCB and also if i have Traders Insurance does it cover me to drive my own cars for reasons other than business i.e if it gets nicked from outside the pub one night is it covered and if so for how much,retail value or trade ? Help please

gazcos

iTrader: (1)

Anyone ?

GARETH T

you can get it too cover your own cars,, but normally its expensive on cosies

gazcos

iTrader: (1)

Hmmm i thought that might be the case . Anyone else got any ideas ?

Tony @ Greenlight

Hi Gaz,

It's been a few years since we handled trade policies, but i'll help as best as I can.

Although you can cover your own (personal) car under a traders policy, this is only covered at Trade value - so youre probably better off keeping your personal policies separate.

When sourcing a traders policy, you will also need to be very specific what you are doing and that you're dealing with Modified & performance vehicles. As most basic traders policies do either exclude, or purely cover vehicles of this nature on a TPO (Third party only) cover basis.

For road-risks (road only & without premises) traders Insurance try either tradex or tradewise.

http://www.tradewiseinsurance.com/
http://www.tradexinsurance.co.uk/

These are specialist Insurers that purely cover Motor Trade clients and are used to handling policies of this nature.

From memory they can also cover your workshop, tools & liability for you as a 'package' if required.

Tradewise also used to "mirror" your NCB from your private car to the traders policy without you having to remove from your private car policy.

Anyway, Good luck with the new Tuning business mate


Kind regards

Tony

Rob M666SCC

Hi Mate,

My insurance is organised through North London Insurance, they specialise in Motor Trade Policies, Best give em a call, they are very helpful,

01707 272223,

Speak to Simon and tell him i sent ya, im sure they will advise you what you need.....

Rob

extra18

I have a trade policy through tradex. They are one of the few companies that insure cossies. They cover all cars exept jap imports which fall under 3rd party only cover, no theft......
It also doesnt matter if you have a standard car of a 600bhp monster, all you need is alarm/immobiliser and certificates. Its not that expensive if you put all you original policies together and look at the difference in price.

gazcos

iTrader: (1)

Thanks to all of you, i,ll get on the phone

SapphyMike

tradex say no high performance cars

lawnsy

iTrader: (1)

im through tradex and ive got my cossie on it

SPADGE

Gaz my traders policy is with Tradewise so you won't have a problem with them and cossies
I can put you in touch with my broker if you like?

CRABBY

I have got a policy with tradewise as well and found them to be very good they will cover anything inc imports
Just make sure you tell the broker exactly what type of cars you will be driving as some companies wont cover imports/cossies