Trader's Policy under 25?
Discussion
You're going to struggle given your age and it doesn't sound like you are a trader? Can you provide evidence to show your trading activity - receipts, invoices, bills of sale, book of accounts etc? It's not unusual to be asked for that and I'd avoid doing the 'Billy BS' to say you are when you're not. If you have a claim the the insurance company investigate, they'll only find you out, cancel your policy and leave you with the liability.
JB! said:
ZOLLAR said:
Are you actually a trader or just change your car alot?.
well its enough that my broker wont change my car over today, sold everything at a profit and have invoices.I understand your difficulty many people do just like changing their cars often but to a private car insurer it looks like somebody is trading on their private policy, I'm not saying you are but that's what it would look like to an insurer.
What sort of premiums are you currently paying if you don't mind me asking?.
warp9 said:
You're going to struggle given your age and it doesn't sound like you are a trader? Can you provide evidence to show your trading activity - receipts, invoices, bills of sale, book of accounts etc? It's not unusual to be asked for that and I'd avoid doing the 'Billy BS' to say you are when you're not. If you have a claim the the insurance company investigate, they'll only find you out, cancel your policy and leave you with the liability.
i've got invoices for the sales, no accounts as anything i get goes straigh into the next car, I'm between a rock and a hard place, my current specialist is great, but they are not happy with the amout of changes on a single vehicle policy, and suggested i'd be better off with a trader's policy, which they won't provide till i'm 25.i can currently drive anything upto 200bhp worth 10k or less, for £1200, but its single car, so every time i buy something i have to pick up the phone and swap my insurance over to drive it. day insure is hideously expensive, i've just been quoted £120 for 7 days cover on a £500 car i'm borrowing!
part-time trader's policy would suit me perfecly, as i also help my mate out in his garage in my free time, and being able to driver customer's vehicles would help us both out.
It's a pretty strict criteria when applying for a trade licence and changing your car frequently isn't one of them IMO.
See link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
See link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
GreatGranny said:
It's a pretty strict criteria when applying for a trade licence and changing your car frequently isn't one of them IMO.
See link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
6 in 6 months or so, 4 in the last 8 weeks.See link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
JB! said:
warp9 said:
You're going to struggle given your age and it doesn't sound like you are a trader? Can you provide evidence to show your trading activity - receipts, invoices, bills of sale, book of accounts etc? It's not unusual to be asked for that and I'd avoid doing the 'Billy BS' to say you are when you're not. If you have a claim the the insurance company investigate, they'll only find you out, cancel your policy and leave you with the liability.
i've got invoices for the sales, no accounts as anything i get goes straigh into the next car, I'm between a rock and a hard place, my current specialist is great, but they are not happy with the amout of changes on a single vehicle policy, and suggested i'd be better off with a trader's policy, which they won't provide till i'm 25.i can currently drive anything upto 200bhp worth 10k or less, for £1200, but its single car, so every time i buy something i have to pick up the phone and swap my insurance over to drive it. day insure is hideously expensive, i've just been quoted £120 for 7 days cover on a £500 car i'm borrowing!
part-time trader's policy would suit me perfecly, as i also help my mate out in his garage in my free time, and being able to driver customer's vehicles would help us both out.
GreatGranny said:
It's a pretty strict criteria when applying for a trade licence and changing your car frequently isn't one of them IMO.
See link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
Thats for trade plates, totally different thingSee link http://www.dft.gov.uk/dvla/search.aspx?keywords=TR...
They are not designed to enable a driver just to drive their car for everyday use.
It needs to be in relation to his/her business of being a trader/manufacturer.
It seems your insurer doesn't want the hassle of insuring you or he believes you are a trader.
How many cars have you bought and sold over the last year?
Yeah, thats a tough one. Maybe get your mate to insure you on his policy so you can drive customer cars and not change yours so much?! There used to be monthly motor trade https://www.monthlymotortrade.com/Main/Default.asp... but I've just looked and they have stopped taking new clients on. It can't have worked for them!
have found an enthusiast's policy tht looks spot on! n the phone now!
http://www.cglloyds.co.uk/commercial-insurance/mot...
http://www.cglloyds.co.uk/commercial-insurance/mot...
Caulkhead said:
As Great Granny points out, a traders policy only covers you for driving in relation to the trading. You won't be covered to nip to the shops, go on holiday, visit the GF or travel to work. You will only be covered for activities directly related to trading, ie, taking a prospective buyer on a test drive, delivering a car to a customer, etc, etc. It's not what you need as you aren't a trader.
This isn't strictly true. If you are the main policy holder or spouse you can have personal use for your trade vehicles, which can include driving in Europe. If you are an additional driver on a traders policy there will be no personal use and will only cover you driving trade vehicles as part of the job.Caulkhead said:
As Great Granny points out, a traders policy only covers you for driving in relation to the trading. You won't be covered to nip to the shops, go on holiday, visit the GF or travel to work. You will only be covered for activities directly related to trading, ie, taking a prospective buyer on a test drive, delivering a car to a customer, etc, etc. It's not what you need as you aren't a trader.
Blimey, there aint half some b
ks spouted about trade policies. Mine covers all my own cars as well (to trade value only ) for any use including SDP, as well as when i dive customer cars etc. It even covers the missus!Vixpy1 said:
Caulkhead said:
As Great Granny points out, a traders policy only covers you for driving in relation to the trading. You won't be covered to nip to the shops, go on holiday, visit the GF or travel to work. You will only be covered for activities directly related to trading, ie, taking a prospective buyer on a test drive, delivering a car to a customer, etc, etc. It's not what you need as you aren't a trader.
Blimey, there aint half some bks spouted about trade policies. Mine covers all my own cars as well (to trade value only ) for any use including SDP, as well as when i dive customer cars etc. It even covers the missus!Gassing Station | General Gassing | Top of Page | What's New | My Stuff