antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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I've heard of a few people getting trade insurance policys for their own car(s) without actually being in the motor trade.
Whats the facts behind it all? If I got a trade policy, would it cover my modded car like for like? I guess I would be able to drive other cars too?
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Toby
Premium Member
Registered: 29th Nov 05
User status: Offline
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sont need to be a motor trader to have a trade policy it designed for businesses who have employees drive vehicles on a smaller scale. Most will require you to present information on your business etc so 95% people who arnt businesses will not get one
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Before I had the business I just put my home address as business address. Didn't need anything more. I went with crowthorne insurance.
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Surely they would check should you make a claim, then tell you do git tae once they find out you dont own a business??
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antnee
Member
Registered: 30th Dec 07
Location: Cov Drives: Clio 197
User status: Offline
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I do work on mates cars so could 'make' a company
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John
Member
Registered: 30th Jun 03
User status: Offline
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You could make a company without doing work on mates cars.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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But then if you 'make' a company your then liable for tax, insurances, etc etc etc for that.
Im not clever enough in this area to know the in's & outs, i'd imagine the same goes for folk that make up companies to get cheaper insurance.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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I actually said I do private work on peoples cars and I need to be covered to drive them. They said just put the home address as business address and there is no issue
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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But did you have a reg'd all above board business Tom or were you just doing homers for cash??
I dont think you can just present an imaginery business to an insurance company & get cover from them.
If you can it will be rather sketchy should they investigate a claim.
Ins fraud can be punishable with serving time at her majesty's pleasure.
I'd rather not get involved in that!!
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Silly idea, just won't happen!
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DaveyLC
Member
Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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It isnt all its cracked up to be, you only get trade value payout for the car if you stack it.
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Was just for private jobs and driving my families cars. All above board. Had a few windscreen claims with no probs too.
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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