Choosing motor trade insurance here in the United Kingdom doesn't have to be nearly as difficult as most people find it to be.
In fact, when you are armed with the insider information contained below, you'll probably find the overall process rather simple and straightforward – while at the same time incredibly rewarding. There's just something about knowing that you are completely and totally protected with traders insurance that isn't costing you an arm and a leg!
Hopefully you'll find the details below to be useful while you search for motortrade insurance, and you'll want to make sure that you refer back to this quick guide as regularly as necessary.
Shall we get right to it?
Compare motor trade insurance categories to start things off
Before you begin your search for the right motortrade insurance for your particular needs, you need to establish what those needs are going to be.
You're going to want to figure out EXACTLY the kind of insurance that you're going to want to pursue (enthusiast level, minder level, or trader level insurance), and that is going to depend entirely upon how you see yourself trading automobiles in the future.
It's important to get this out of the way you immediately, even before you begin to consider different motortrade insurance companies or opportunities.
But once that's out of the way…
Pick and choose at least 3 to 5 motor traders insurance companies/policies to compare
The next thing that you'll want to do on this search is find at least 3 to 5 (but no more than seven or so) different motortrade insurance companies or policies to compare against one another so that you find the best possible deal.
Too terribly many people often find themselves going with the first "red hot" opportunity they come across, only to discover – almost immediately – that they would have uncovered an even better deal if only they had poked around the marketplace just a little bit more.
Don't get sucked into that trap!
Instead, compare and contrast a handful of different policies against one another, and pretty soon you'll have a good idea of what a valuable policy looks like – as well as what a not so hot policy looks like, too!
Read the fine print – ALL of it
Finally, you'll want to be absolutely 100% sure that you understand all of the fine details of your motortrade insurance policy before you go and sign on the dotted line.
Insurance policy companies are getting a lot better at transparency and disclosing every detail of the policy before you're able to sign in the first place, but just to make sure that you are completely protected you'll want to cover every avenue ahead of time.
Make sure that you have reviewed all of your insurance documents and contracts, and it might not even be a terrible idea to have your solicitor give these documents a once over as well.
Better safe than sorry, and all that!