traders policy

[NASTYNOVA]

after some inf0 on traders policy, how old?? how to get one?? where to get one?? ETC please,

cheers :thumb:

[Clean 2.0 nova]

Plenty on internet and are quite competetive IMO. You want to ask them if there is a minimum turnover or what there definintion of a trader is before you take one out.

It could well be that you need no turnover as long as you have some intention to do something with motor vehicles for financial gain - But how can they inforce you ever succeed in doing a job? I can't see how they could prove you were or weren't in the motor trade. Indeed the inland revenue don't need / want to know unless you actually accrue a turnover. I could easily buy a cheap car from auction, put it on the side of the road for sale and pay 20% of the profit to the Inland revenue to make it look like a business.

Something I've been looking into since I got a motor trade quote last year for around £900 that would insure me, my partner and my brother for up to four (unmodified) cars each. They will insure modified cars on their individual merits.

[Ben]

www.unicominsurance.com (http://www.unicominsurance.com)
www.choicequote.co.uk (http://www.choicequote.co.uk)
www.tradex.co.uk (http://www.tradex.co.uk)

All these do trade ploicies, you can get a part time traders policy and have social domestic and pleasure sections too,

You need to prove turnover in excess of 8 cars a year, different companies want different things, some want account books, some copies of logbooks others reciepts etc etc.

IMO for a proper policy eg fully comp they are expensive unless you genuinely are a trader, if you want it just to use more than a couple of cars there awkward and expensive.