might be illegal

Volvoboy · 23-09-2005 7:11pm #1

just wondering if this is possible,

if i set up insurance for a motor trader without premises
as i can drive any car.

Guy:Incognito · 23-09-2005 7:14pm

Would it not have to be booked in for "work". Also its ridiculously expensive iirc.

aphex™ · 23-09-2005 7:22pm

If you lie to an insurance company, ever, about anything... you will never actually be insured even if u are paying them ten grand a month.

Interceptor · 23-09-2005 7:29pm

Its not that ridiculously expensive. It can often be a way to get cover on a performance car that would otherwise be refused. Ask your broker to check it for you - naturally any budget/web-based/supermarket brokers are unlikely to help so go for the traditional broker. Mine recently quoted €2,800 for me to have open driving on anything and that I could 'stock' up to 20 cars with none of them valued at more than €40,000. Considering my insurance on a twin-turbo Supra would be €1,300 and I could then have two or three other cars covered it isn't such bad value. AON and St. Paul both cover 'small' traders. I am not a motor trader or dealer - I just have a lot of cars and moving insurance around gets tedious...

'cptr

LostinBlanch · 23-09-2005 10:52pm

I thought that if you were insured as "trade" then you could only drive cars up until 7.00/7.30 or so? Not 100% sure about this but had been told this was the case.

might be illegal

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