Trustworthy Motor Trade insurance

[EPV 631]

3 minutes ago, pmpants said:

I take it the customer can still tax cars online if the cars not on the mid? We've always added them once the cars here, but am considering stopping this due to the above advise.

You can tax uninsured cars I believe. So yes. 

[NOACROSS 414]

Yup. They just want yer money.

[Tim H 16]

Our insurer said taxed cars and trade plates only on MID.... Stock cars not on MID, (anytime a stock car is on the road it's got a trade plate attached).

[EPV 631]

5 minutes ago, Tim H said:

Our insurer said taxed cars and trade plates only on MID.... Stock cars not on MID, (anytime a stock car is on the road it's got a trade plate attached).

Ok so if the OB see it with the anpr cameras but also see it with a trade plate on i assume they drive on buy? 

[Nick M.K. 574]

I actually found one of Jem Emirali's original posts. Here it is in full including his email if you need to get in touch: 

MID - The only vehicles that should be on your MID are vehicles that are taxed and your trade plates. Any vehicles in stock that are untaxed will be driven on trade plates and should not be on the MID. You are massively exposing yourself by adding them to the MID as even if the car is taken off once sold, if the purchaser does not insure the car properly and has a claim, the last known insurer may be forced to pay. Trust me when I say, you do not want a call from your broker saying your premium has gone up this year due to an accident that was nothing to do with you.

Unaccompanied Demonstration - This is another area brokers seem to be getting wrong. The only way that you can let a vehicle go out on an unaccompanied test drive is if it is taxed. You cannot lend out trade plates to customers and a customer obviously cannot take an untaxed car out on the road. The majority of our dealers with unaccompanied demonstration now are main dealers with taxed demonstrators.

Hopefully this help some of you out there but if you would like to discuss further, please email me on jememirali@astonscott.com

[It's me 615]

3 minutes ago, Nick M.K. said:

I actually found one of Jem Emirali's original posts. Here it is in full including his email if you need to get in touch: 

MID - The only vehicles that should be on your MID are vehicles that are taxed and your trade plates. Any vehicles in stock that are untaxed will be driven on trade plates and should not be on the MID. You are massively exposing yourself by adding them to the MID as even if the car is taken off once sold, if the purchaser does not insure the car properly and has a claim, the last known insurer may be forced to pay. Trust me when I say, you do not want a call from your broker saying your premium has gone up this year due to an accident that was nothing to do with you.

Unaccompanied Demonstration - This is another area brokers seem to be getting wrong. The only way that you can let a vehicle go out on an unaccompanied test drive is if it is taxed. You cannot lend out trade plates to customers and a customer obviously cannot take an untaxed car out on the road. The majority of our dealers with unaccompanied demonstration now are main dealers with taxed demonstrators.

Hopefully this help some of you out there but if you would like to discuss further, please email me on jememirali@astonscott.com

good post

[EPV 631]

Thanks for sharing that Nick. I actually tax most of my cars for storage reasons but when I get my storage compound sorted i’ll put my trade plates on the mid and know I won’t get a pull. Cheers. 

[It's me 615]

9 minutes ago, EPV said:

Thanks for sharing that Nick. I actually tax most of my cars for storage reasons but when I get my storage compound sorted i’ll put my trade plates on the mid and know I won’t get a pull. Cheers. 

you need the trade plates on the mid now,your insurer should advise this

[EPV 631]

3 minutes ago, boring dave said:

you need the trade plates on the mid now,your insurer should advise this

They may well have done, I sometimes don’t listen 

[It's me 615]

3 minutes ago, EPV said:

They may well have done, I sometimes don’t listen 

well check,the good thing is they auto update via my broker at renewal,otherwise your £165 would be better saving the children

[Basie 0]

18 hours ago, NOACROSS said:

My my broker, insurance company (three or four companies over the years) state the same as Nick is saying. I’ve never added stock cars to it. 

Have had various claims etc and it’s never been an issue with police or insurance co -as this is what they advise. 

may I ask who your insurer is? I'm not to sure if I should use Covea?

[NOACROSS 414]

I go through Alan & Thomas. This year LV were the chosen ones,  but previously it was Axa. (We have a site). 

Never heard of Covea but I know others who have used Tradesure. 

Edited September 10, 2018 by NOACROSS

[Marc 6]

Onesure was best for me but be aware the price jumps a fair bit if a limited conpany rather than a sole trader. 

[Mark101 536]

2 hours ago, Marc said:

Onesure was best for me but be aware the price jumps a fair bit if a limited conpany rather than a sole trader. 

I know, I incorporated about 3 months after starting insurance + £500 for remaining term.

[grant8064 219]

On 06/09/2018 at 6:06 PM, grant8064 said:

Ours is with Covea so hopefully they're sensible...only gonna find out when a claim is made really but they came fairly high up the list from our broker.

Well we've just had to use them on a windscreen !excess and no excuses or blustering on their part. Seem quite sensible so far!

[BAS 4]

I'm with Covea and was told by broker that you don't get Windscreen cover on a trade policy....

[NOACROSS 414]

Maybe just with them that is, as we do. I claim about once a year or so. 

[BAS 4]

Thanks, that's interesting to note.  That was one of the downsides I saw of taking out this policy as in due course we will be putting the family Discovery onto it.  I'd dread the bill for the heated front screen in it should it need replacing!

[It's me 615]

2 hours ago, BAS said:

Thanks, that's interesting to note.  That was one of the downsides I saw of taking out this policy as in due course we will be putting the family Discovery onto it.  I'd dread the bill for the heated front screen in it should it need replacing!

i would rather get my man to get a s/h one and fit it for me so the insurers dont have reason to load me at renewal

[Nick M.K. 574]

12 hours ago, BAS said:

I'm with Covea and was told by broker that you don't get Windscreen cover on a trade policy....

We also got windscreen cover (£70 excess) when we changed from Tradewise to Arista a couple of years ago. I have claimed twice since, both times sorted very quickly without affecting our No claims. 

[NoMargin 11]

This is my insurance policy regarding Mid. 

4 minutes ago, NoMargin said:

This is my insurance policy regarding Mid. 

4 minutes ago, NoMargin said:

This is my insurance policy regarding Mid.