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Motor trade insurance with zero years no claims

  • 31-12-2017 3:49pm
    #1
    Lynch_807
    Registered Users, Registered Users 2 Posts: 1 ✭


    As above! Was a bold boy and lost my licence for 5 years.
    I have a garage at home and work out of it in the evenings and weekends doing small jobs for people. Not a registered business. I am looking into goin for trade insurance in the next couple of months. Is there any insurance companies out there that will look at me?
    Or commercial insurance with 3rd party extension may suit me
    Thanks in advance


Comments

  • #2
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    Motor trade road risk policies are in general difficult enough to get for people with a clean record and a full ncd.

    If you were put off the road for 5 years then it was obviously a severe offence(s) so that, coupled with no ncd means you are going to have alot of difficulty getting anyone to quote. The fact that you aren't a registered business will only add to that.

    Best bet is engage with a couple of brokers to see if they can source anything for you. If they can, I'd be surprised if they are able to get a price that isn't approaching a 5 figure sum.

    Good luck to you, yer gonna need it.


  • #3
    Dtp1979
    Registered Users, Registered Users 2 Posts: 12,870 ✭✭✭✭Dtp1979


    Sorry what’s a motor trade road risk policy?


  • #4
    Liam McPoyle
    Closed Accounts Posts: 14,846 ✭✭✭✭Liam McPoyle


    Dtp1979 wrote: »
    Sorry what’s a motor trade road risk policy?

    It covers mechanics / garages / motor traders to drive any customers vehicle and usually covers their own aswell.


  • #5
    ShauntaMetzel
    Registered Users, Registered Users 2 Posts: 238 ✭✭ShauntaMetzel


    It sounds like you are a part-time motor trader. Isn't it? Here is a comprehensive article ( https://www.fasttraderinsurance.co.uk/starting-a-motor-trade-business-when-youre-under-25/ ) that will tell you everything about motor trade insurance, especially if you are under 25 years old.
    Secondly, if you ask about road risk policy, then it is separated into many levels. See it here https://www.acorninsure.co.uk/motor-trade-insurance/motor-trade-road-risk-insurance/.


  • #6
    Eggs For Dinner
    Registered Users, Registered Users 2 Posts: 3,055 ✭✭✭Eggs For Dinner


    ShauntaMetzel wrote: »
    Secondly, if you ask about road risk policy, then it is separated into 3 levels:

    Third Party Only - Restores, operate garages and repairs cars etc.
    Third Party Fire and Theft - Cover the damages caused by fire, accidents, or theft etc.
    Comprehensive - For accidental injuries etc.

    Those definitions are all wrong


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  • #7
    ShauntaMetzel
    Registered Users, Registered Users 2 Posts: 238 ✭✭ShauntaMetzel


    Eggs For Dinner wrote: »
    Those definitions are all wrong

    Okay, I know I missed many things. Better to see it from here https://www.acorninsure.co.uk/motor-trade-insurance/motor-trade-road-risk-insurance/ in detailed way.


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