Ecosse Sport
Member
Registered: 5th Jun 02
User status: Offline
|
I've been buying and selling a few cars recently and now thinking it might be worthwhile getting trade insurance.
Can anyone recommend a company to contact for this type of cover?
|
Mobby
Member
Registered: 31st Dec 07
Location: Leicestershire
User status: Offline
|
if your a trader dont you have to pay £5000 a year just to sell???
|
DAZ1985
Member
Registered: 3rd Sep 06
Location: Scholar Green, Cheshire
User status: Offline
|
good question im thinking of getting another car and it may work out cheaper to do this
|
andyc1234
Member
Registered: 7th Nov 06
Location: Lancashire
User status: Offline
|
think you have to register as a business first. would like to know myself
|
Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
|
Pretty sure you have to be a registered business
|
Tiger
Member
Registered: 12th Jun 01
Location: Leicestershire Drives:Astra VXR
User status: Offline
|
We registered my bands record label as a dormant company, cost us £40
|
Ecosse Sport
Member
Registered: 5th Jun 02
User status: Offline
|
I'm waiting to hear back from a broker. I'll let you know how I get on. I've heard its possible to get trade insurance without being a registered business, just working as a sole trader.
|
philrussell81
Member
Registered: 27th Dec 04
Location: Sheffield
User status: Offline
|
ive got a traders policy, got it thru a local broker, pay £700 a year for a £7500 indemnity.
dont need to register as a business, just said i do a bit of selling, mechanics, and valeting as a part time hobby/job
|
Steve X16XE
Member
Registered: 31st Dec 06
Location: Barnsley, South Yorkshire
User status: Offline
|
I'm going to get trade insurance in dec when mine is up. It's going to be for driving any car under insurance group 16. I'm doing it coz i'm driving a lot of my mates cars, so i want their cars fully comp too.
|
Ecosse Sport
Member
Registered: 5th Jun 02
User status: Offline
|
quote:
Originally posted by philwestwood
ive got a traders policy, got it thru a local broker, pay £700 a year for a £7500 indemnity.
dont need to register as a business, just said i do a bit of selling, mechanics, and valeting as a part time hobby/job
Thats what I've been quoted too for any car the maximum value of £7500 for each car.
|
philrussell81
Member
Registered: 27th Dec 04
Location: Sheffield
User status: Offline
|
yup, can have as many as you want, as long as each individual value doesnt go above 7500
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
What broker did you go through?
Is there an age limit?
|
Colin
Member
Registered: 4th Apr 02
User status: Offline
|
Will you not have to start declairing profits & pay Tax if you become a trade seller, trade insurance etc?
[Edited on 12-08-2008 by Colin]
|
philrussell81
Member
Registered: 27th Dec 04
Location: Sheffield
User status: Offline
|
quote:
Originally posted by Jakey
What broker did you go through?
Is there an age limit?
buckingham insurance, think the insurer is tradewise, not 100% sure tho
|
philrussell81
Member
Registered: 27th Dec 04
Location: Sheffield
User status: Offline
|
http://www.tradewiseinsurance.com/
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
Cheers phil. Will i have to ring up?
What did you say about 'do you have a business' or whatever?
|
Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
|
a freind pays 1200 a yr for cras upto 15k of his own and 25k for a customer car and he didnt runa business before he got it
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
quote:
Originally posted by Cole
a freind pays 1200 a yr for cras upto 15k of his own and 25k for a customer car and he didnt runa business before he got it
What did he tell the company? That he was a mechanic doing repairs so would need to drive the cars?
|
Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
|
just told them he was an engineer in the motor trade which technically he was as he was a lorry painter but doing mechanics at home plus it meant he could own an tommi evo6 a v6 astra and an xe corsa plus a few more all insured on is traders policy
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
What should i answer if they ask me 'Insured name' and Trade/business address?
|
Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
|
your home address
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
Same for insured name?
|
philrussell81
Member
Registered: 27th Dec 04
Location: Sheffield
User status: Offline
|
quote:
Originally posted by Jakey
Cheers phil. Will i have to ring up?
What did you say about 'do you have a business' or whatever?
my mate works at the broker i got it from, so he sorted it all for me,
just say your a valeter/part time mechanic
i just need to keep (make up) receipts for work i do (or don't do)
[Edited on 12-08-2008 by philwestwood]
|
Jakey
Premium Member
Registered: 4th Jun 07
Location: Sandbach
User status: Offline
|
Would they ever ask for receipts or would they just ask if you have any?
|
FlamingCorsa
Member
Registered: 22nd Apr 03
Location: Shropshire
User status: Offline
|
my thing with this is........... are cars to be regestered in your name or someone else name???
also i understand that under traders insurance u are covered when driving then and if u have a crash etc!
wot about when they are parked outside your house etc, do they provide fire and theft insurance also???
eg u have 4 cars outside your house under traders insurance policy, one get nicked or even 2 on one night, wot happens then????? just summit i always wondered!??
|
