Motor Trader Insurance

Discussion in 'Insurance' started by mattyredvan, 9 Dec 2019.

  1. mattyredvan

    mattyredvan Member VIP Member

    Hi everyone,

    Can anyone recommend a good (reasonable price, decent cover, decent reputation) Motor Trader Insurance policy please?
    Looking at part time business from home initially, so that requires road risk insurance, not full stock and premises insurance. Would go comprehensive to cover accidental damage, fire and theft.
    Thanks in advance.

    Matt.
     
  2. Fish

    Fish Senior Member VIP Member T6 Legend

    Map
    Become a VIP member then I can give you a contact that a few members have used successfully..
     
  3. mattyredvan

    mattyredvan Member VIP Member

    Hi, how do I do that?
    Cheers,
    Matt.
     
  4. Loz

    Loz California 204 DSG 4Motion MY17 VCDS User Admin Moderator VIP Member

    Map
  5. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    I've just renewed through Nash Warren, no one could get near the price they quoted.
     
    Fish likes this.
  6. mattyredvan

    mattyredvan Member VIP Member

    Thanks. I was told by Nash Warren, that as a part-time trader, the premiums would be higher. I was quoted just over a grand a year for vehicles limited to £15k each and £2,600 per year for vehicles up to £40k on a comprehensive policy, not just road risk. Does that sound right? I'm 50, with 15 yrs no claims discount and this premium is based on mirroring my personal no claims.
     
  7. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    Your first quote sounds about right compared to what I have. Do you need a policy that gives a 40k indemnity?
     
  8. mattyredvan

    mattyredvan Member VIP Member

    Hi, just upgraded to VIP, help on the insurance still much needed and appreciated. Cheers, Matt.
     
  9. mattyredvan

    mattyredvan Member VIP Member

    Nash Warren Update - I have been told that as soon as any modification is applied to a commercial vehicle (even upgrading the alloys or adding side bars etc) the insurance cover drops from Comprehensive, to 3rd party only, not even Fire and Theft. I can't believe that all the resellers, converters and light modifiers out there are badly exposed to 3rd party cover on any modified stock? The exception to this and I guess it's is a big one, is that it's fine if the vehicle has been changed to become registered as a motorhome.
     
  10. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    Did they mention who the underwriter was?
     
  11. mattyredvan

    mattyredvan Member VIP Member

    Yes it was Tradewise
     
  12. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    Different underwriter to me, I don't do any camper conversions though. Coovered fully comp on all stock modified or not.
     
  13. mattyredvan

    mattyredvan Member VIP Member

    Can you let me know who your underwriter is please? Private message if you prefer? Thanks, Matt.
     
  14. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    It's a TFP schemes policy underwritten by Aviva.
     
  15. mattyredvan

    mattyredvan Member VIP Member

    Hi, I just looked this up online and in the section that tells you what isn't covered it states "modified vehicles"? Did you get a change in your cover or premium to amend this?
     
  16. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    I've had written confirmation that they were happy to cover me for modifications fully comprehensive.
    I had to query it as other brokers mentioned that Aviva didn't allow modifications. It seems they do - if subtle.
    None are performance related, just cosmetic like spoilers, wheels, addition of windows or fitting genuine Vw kombi seats.

    If you've not tried already, Exec motor trade insurance may be worth a shout - 01323 444999
     
  17. mattyredvan

    mattyredvan Member VIP Member

    Yeah I found them this afternoon on the mighty google, will try them and Aviva tomorrow, many thanks for your help buddy. Cheers, Matt.
     
  18. mattyredvan

    mattyredvan Member VIP Member

    Hi, could you tell me who your broker is please? I rang TFP and they say they only deal with brokers. They did tell me it was unusual to cover any modifications, so if your broker managed it, I would really appreciate using them? Cheers, Matt.
     
  19. killisickconversions

    killisickconversions Dub Buyer VIP Member

    Map
    I went through Nash Warren.
     
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