Limit on number of changes to insurance/commerical insurance instead??

makeorbrake

How much does it cost for a commercial insurance policy?


I've been bringing in a few cars for resale over the past few months. Now my insurer is telling me that there's a limit of 4x permanent changes per month.


I'm not a dealer - I just do this as a hobby. The cars are being registered/imported under my name with me noted as the owner. Once cleared, I may sell it on if someone wants it.

Can I switch to a commercial policy or is there some other way round this conundrum? I'm unsure why it's such a big deal. I guess possibly(?) there's a little added risk with the long trips but can't they just charge a bigger premium? I don't get it.


Would I even be entertained for commerical insurance with no other background in the trade?


(before anyone asks, yes I do intend to pay taxes on any extra few quid I may or may not make when all is said and done at years end).

bazz26

Nobody here can tell you how much commercial insurance will cost you as there are too many personal factors involved in calculating it. You will need to ring around the various companies and brokers. Private and commercial policies are usually not interchangeable with insurance companies either.

Also the reason insurance companies limit the amount of time you can change the vehicle on a policy is because if you're doing it regularly like you then they deem you to be a motor trader whether you do it for fun or profit and as such you should have a motor trade policy. Again you should contact a broker who deals in these type of policies about getting you the best deal and cover possible.

makeorbrake

bazz26 wrote: »

Also the reason insurance companies limit the amount of time you can change the vehicle on a policy is because if you're doing it regularly like you then they deem you to be a motor trader whether you do it for fun or profit and as such you should have a motor trade policy. Again you should contact a broker who deals in these type of policies about getting you the best deal and cover possible.

Thanks Bazz26 - That's my intention first thing in the morning. I had started to make calls but it was the close of play. I think I want to start with specialist brokers - so that I can figure out what sort of product I can pursue. I'm hoping there's a cut down commercial insurance product that just covers what I'm at - taking into account the frequency (whats' the chances...I guess I'll find out).

Any recommendations for specialist brokers who know this sort of thing inside and out?

bazz26

Unfortunately I don't know any but I wish you well with the way insurance companies in this country make up their own rules and then move the goalposts when it suits them.

makeorbrake

bazz26 wrote: »

Unfortunately I don't know any but I wish you well with the way insurance companies in this country make up their own rules and then move the goalposts when it suits them.

A couple popped up on google - so I guess I'll start there. However, if anyone reading this has any recommendations, they'd be well received here :-)

mossy50

insure my van .ie

makeorbrake

mossy50 wrote: »

insure my van .ie

Thanks mossy - I'll give them a call in the morning.

makeorbrake

mossy50 wrote: »

insure my van .ie

Tried them - no joy, they're not interested in part timers on road risk/motor trade cover.

Campions came back with 1375 fully comp.

Are there any other brokers worth checking? Apparently there are only 2 underwriters in the market that cover part-time traders.