FAQ's about Motor Trade Combined Insurance
Motor Trade Combined Insurance FAQ's
Do I need a Motor Trade Combined or a Road Risk Insurance policy?
Is the cost of a Motor Trade Combined policy prohibitive?
Who will be covered to drive on the road risk section of a Motor Trade Combined policy?
When would I need to contact you after I’ve taken up a Motor Trade Combined policy?
Will I be covered to drive abroad?
Does the price include motor legal expenses cover?
When do I receive my Certificate of Motor Insurance?
Will the road risk section of a Motor Trade Combined policy cover me to drive any vehicle?
I’m under 25, can I still get a quote?
Do you offer flexible payments?
How do I cancel my policy?
How can I renew my policy?
Will you give me a low price now, only to increase it at my renewal date next year?
If you are an individual or a company involved in the motor trade operating from premises away from your home address then it makes sense to take out a Motor Trade Combined policy.
A Motor Trade Combined policy will enable you to select cover for any of the following optional extensions;
- Any driver for your own & customers vehicles with an unlimited indemnity on the road
- Your Buildings, Stock, Plant & Machinery, Portable Hand Tools, Computer Equipment, Vehicles at Premises
- Business Interruption
- Employers liability, Public & Product liability, Service Indemnity
- Cash in Transit & at premises
- Engineering Inspection
- Goods, Stock and Vehicles in Transit
- Personal Accident for proprietors & employees
- Loss of MOT License
- Wrongful Conversion
- Additional Business Use
However if you simply want to cover for vehicles whilst they are being driven and at whilst they are at your premises this can be arranged on a Motor Trade Combined policy.
Road Risk only policies are designed with traders working from home in mind. If you trade from premises but have seperate policies in place and would prefer a road risk only policy we can arrange this for you. However it is worth baring in mind that most road risk only policies will exclude cover for vehicles within 400 meters of your trade premises.
We would always recommend you a Motor Trade Combined policy as not only will you find it more convenient having all your cover on one policy but you will be impressed with the savings that our panel of Motor Trade Combined Insurers are willing to offer if you place all your business with them.
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If you currently have seperate road risk, buildings and liability polices you will be impressed with the savings that our panel of Motor Trade Combined Insurers are willing to offer if you place all your business with them.
Haggle with Trade Plan Insurance The motor trade insurance market is very competitive. Insurance companies want your business. If you’re with another broker we’ll be able to beat your renewal premium as we have good relationships with leading the motor trade combined insurance companies.
If you’re not happy with your broker’s renewal premium or their service give Trade Plan Insurance a call on 0844 576 5757.
The people that set the prices are intelligent, as a motor trade insurance specialist we can often negotiate improved rates for your motor trade insurance and obtain introductory discounts.
Introductory Discounts - If you are looking for your first motor trade policy but have been working in the motor trade for a number of years, driving on your company's policy claim free and can obtain a letter to that affect, we have special deals for you.
So if your current rate isn’t as low as you hoped make sure you give Trade Plan Insurance a call on 0844 576 5757!
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Depending on your preference policies can be arranged on an insured only basis, restricted to name drivers or extended to include any employee for motor trade and social domestic & pleasure over a certain age or even of any age. You can even cover any of your friends and family to drive your vehicles with your permission. It is important to remember though that the more extensive the cover you request, the greater the risk to the insurer and in turn the greater the premium they will require.
Trade Plan Insurance are experts at arranging Motor Trade Combined Insurance. Finding the most suitable cover at the best price requires specialist knowledge. We suggest you call Trade Plan Insurance on 0844 576 5757 to speak to one of our experienced staff.
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You must tell us as soon as possible if any of the following occur:
- you take possession of a high performance or high value vehicle which was not previously advised on your motor trade policy.
- you want to use a vehicle for a purpose not included in your schedule
- you become aware of any medical condition of any driver named on the policy which may affect their ability to drive
- you or any other driver named on the policy are convicted of a motoring offence other than fixed-penalty parking offences
- you change your corresspondance or premises address
- you or any other driver named on the policy change their occupation
- you are involved in a motor accident.
We will then inform your insurers who will re-assess your cover. An additional premium, and likewise a return premium may be incurred as a result of notification of these changes. Failure to notify your insurers of any changes may invalidate your insurance, and leave you uninsured. We may charge you an administration fee for any changes you make to your policy details during the period of cover. This is shown in your policy schedule.
Please call Trade Plan Insurance on 0844 576 5757 to inform us of any changes to your policy.
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Most Motor Trade Combinedpolicies will provide up to 30 days cover for any one trip within EU countries to the same level of cover provided by your policy within the U.K. However all insurance policies are different. It is essential you check your policy documentation to learn whether the cover you require is included as standard by your policy.
If you are unsure please contact Trade Plan Insurance on 0844 576 5757 and one of our experienced staff will be able to advise you.
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Plan Assist provides a Full Accident Management Service to our clients. Your Accident Management Service is included Free with your Trade Plan Insurance policy. Plan Assist Free Legal Expenses Cover provides insurance in respect of solicitors' fees to assist you in recovering any uninsured losses in connection with a claim (eg, your excess or damages for personal injury). Please see Plan Assist to find out about the full range of benefits this service provides.
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Your Certificate of Motor Insurance is issued by your insurance company. Once we are in receipt of the necessary payment and documentation we will post it out to your contact address by first class mail.
In the mean time you will be sent a valid insurance cover note. This cover note acts as evidence of your valid motor insurance.
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From the age of 18 plus, if you have held a full U.K. license for over 12months we can provide a quotation. However policies are usually very restrictive and costs are prohibitive up until the age of 21. After this age policy restrictions are reduced and prices are much lower.
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Plan Finance offers you numerous easy payment options at low rates. You can choose to pay your motor trade insurance premium in one lump sum or, if you prefer, for a small additional charge, the cost of your motor trade road risk insurance can be spread over the year by paying in instalments by direct debit. For more details of our direct debit scheme please visit Plan Finance.
We accept the following credit and debit cards;
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If you're not satisfied with any of the cover provided by your Motor Trade Combined policy, you have 14 days to cancel. If you decide to cancel, you must return your Certificate of Motor Trade Insurance to Trade Plan Insurance at 1 Purley High Street, Purley, Surrey, CR8 2AF.
As long as no incidents have arisen which could result in a claim under your policy, we will refund the part of the premium you have not yet used, less an administration fee to take account of our costs in providing your policy. The fees will be detailed in your Schedule.
If you don't exercise your right to cancel during the 14 day period, your policy will continue as normal. If you decide to cancel after this 14 day period, you must return your Certificate of Motor Trade Insurance to us. The policy will be cancelled from the date the returned certificate is received. As long as no incidents have arisen which could result in a claim under your policy, we will refund the part of the premium you have not yet used, less an administration fee to take account of our costs in providing your policy. The fees will be detailed in your Schedule.
Cancelling your direct debit does not mean that you have cancelled your motor trade insurance policy. We'll cancel your policy from the date we receive your Motor Trade Insurance Certificate. If you have lost your Motor Trade Insurance Certificate we'll ask you to complete a Lost Certificate Declaration and your cancellation will not take effect until the date we receive your Certificate of Motor Insurance or Lost Certificate Declaration.
If the amount due when you cancel your policy is more than the amount you have paid, you must pay us the difference. If a claim has been made, we'll cancel your cover but not refund any premium. If you are paying by installments, you must still pay us the balance of the full annual premium.
We also have a right to cancel your policy at any time by giving you seven days' notice in writing. We'll send our letter to the latest address we have for you. If we do cancel your motor trade policy, we'll refund the part of your premium you haven't yet used. If you or we cancel your motor insurance at any time, we'll automatically cancel any motoring legal protection or breakdown assistance cover purchased with it.
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Around 3 weeks before your policy expires, we will contact you to check the levels of cover required remain the same at renewal.
We will re-quote your policy with our extensive list of insurers to make sure the price we’re offering is the most competitive on the market.
If needs be, we'll provide you with details of how you go about saving money by moving to an alternative insurer.
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45 years is how far back our book of business goes. Once people have found Trade Plan Insurance, they tend to stay with us.
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