woody asked:
hi ppl i was just wondering if it would be better to get traders policy as i buy and sell cars but only as an hobby at the moment (would like to get my own business going) cause normal insurance is killing my pocket swapping and changing cars and some insurers won’t freeze it so i have cancel them and i lose a lot of money doing that. Has anybody got any ideas how much they are, how good they are many thanks.
hi ppl i was just wondering if it would be better to get traders policy as i buy and sell cars but only as an hobby at the moment (would like to get my own business going) cause normal insurance is killing my pocket swapping and changing cars and some insurers won’t freeze it so i have cancel them and i lose a lot of money doing that. Has anybody got any ideas how much they are, how good they are many thanks.
Best bet is just a ‘road risk’ policy to begin with. It’ll keep you legal to drive absolutely any car you own, and they can include your own daily driver on there too. Be warned though, it’ll probably cost twice what insurance for one normal car would, and they’ll offer absolute peanuts for a car if gets written off. It’s never worth claiming a trade policy unless it’s a really expensive car.
If your trading you need a traders policy. Roughly £1200 for road risk depending on your details.
Also bear in mind irrespective of how many you sell, if your selling for profit you must be licensed to sell by your local council, declare profits to the taxman, give warranty on the cars you sell.
If you don’t its only a matter of time before your reported by either an irate customer or a nosey neighbour.
Not an easy game believe me.
I would like to suggest to try to get as much information as you could before making up your mind,here is a very resourceful one.
autoinsurance.maclenet.com – try this one. I have their car insurance and, as I know, they can provide such a service.