Motor Trade Insurance Road Risk Indemnity

Thinking of getting a Motor Trade Insurance Policy but however hard you search for an affordable quote you can’t find one? Then you’re not alone and this could be why – your Indemnity level is the stumbling block!

If you are repairing, cleaning or working on vehicles for a living look at the cars you have dealt with in the past. What value are they? If there aren’t generally cars worth more than £10,000 then you may not need what’s called “split indemnity” and the price differential will be low anyway (although it’s always worth asking!).

So, lets talk about split indemnity policies. Is your own vehicle worth less than the vehicles of your customers?  A split indemnity is as simple as it sounds: you have one indemnity level for your personal vehicles and another for your customer’s vehicles. So if your vehicle is worth less than £10,000 and your customers vehicle’s could value up to £30,000, you don’t have to have a £30,000 indemnity – you have an indemnity level of £10,000 for yourself and £30,000 for work. This works out a lot cheaper than having to purchase a £30,000 policy. You can save literally hundreds of pounds with this neat little trick!

If you think a split indemnity policy may be suitable for you ring your Motor Trade Insurance broker today for free friendly advice. Remember – if your broker doesn’t do split indemnity you could end up paying more than the rest of the trade.

Think Insurance, Quality Service and Price

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

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