traders insurance.

[adamlewis01]

Speeking to a guy at a renault dealers this weekend said he insured himself on an evo at 19 for 1k and his mate insured a audi s-line at 19 for 1k. He told his insurance company that they were both valeters at weeends and that they would be moving customers cars about. The insurance gave them 1k insurance per year and they could drive upto 200 different types of cars. anybody else heard of anything like this before?

 

[StevenMc29]

Bound to be fraud if it is true?

 

[Cooksport]

surely u gotta have a registered business?

 

[Bazzon]

FLOL i smell bullshit.

 

[OEM Battery Nonce]

Yeah this can be done, I am on a traders, but its not all rosey and amazing as people think, their policies will have enabled them to drive any car for business use, and restrictions on the cars they can drive for social domestic and pleasure, also you need to have a registered company and trading address, so if he has done it this way Mr Taxman will come a knocking wanting to know why he hasn't filled out self assessment forms or declared the earnings.

Trade policies are what it says, policies for traders.

 

[adamlewis01]

FLOL i smell bulls**t.

HA! :rasp: ^^

 

[adamlewis01]

Yeah this can be done, I am on a traders, but its not all rosey and amazing as people think, their policies will have enabled them to drive any car for business use, and restrictions on the cars they can drive for social domestic and pleasure, also you need to have a registered company and trading address, so if he has done it this way Mr Taxman will come a knocking wanting to know why he hasn't filled out self assessment forms or declared the earnings.

Trade policies are what it says, policies for traders.

thanks for clearing that up mate.

What would you do if you were a mobile trader then because obviously you would have no address?

 

[OEM Battery Nonce]

thanks for clearing that up mate.

What would you do if you were a mobile trader then because obviously you would have no address?

Well every business has to have a trading address, so it could be your house, or an office etc