If you are thinking twice of applying for a part-time motor trade insurance policy, the best advice many insurance experts would give to you is to take advantage of it. Whether if you are looking to buy or renew your motor trade insurance, you might be thinking right now the differences that are covered by the two distinct types of this insurance covers which are part-time and full-time businesses.
In this article authored by Total Insurance Comparison, the United Kingdom-based is an insurance comparison service company, we will discuss a brief background and benefits of the cheap part time motor trade insurance to help you learn about its technicalities and other important aspects.
If you are not familiar with Total Insurance Comparison, it helps people like you to land a reliable and competitive insurance broker that will provide you with the best insurance option out there. Total Insurance Comparison is also an affiliate with the Financial Conduct Authority through the connection of the latter’s registered insurance brokers that are ready to serve you to land a competitive and quality insurance coverage.
Back to the topic, part-time motor trade insurance is mainly designed to function to aid the people who are working in the motor-trade industry that has a part-time business. This particular type of insurance policy was made because not all people are fully hands-on with their motor trade business as some might have other jobs or other business to take care of that and in order to help them maintain their business protected at all times both financially and security, the part-time motor trade insurance was created to gain the exact insurance for these type of business people who specializes in vehicles.
It’s not that difficult to avail of this type of insurance since there are also cheap part time motor trade insurance policies available for people who don’t want their monthly dues too expensive.
If you happen to have a part-time motor trade business, where you earn a regular income, it is a suitable complement to your business by obtaining a part-time motor trade business insurance so that you can save more money rather than avail of other insurance policies for vehicles and for your business separately which is considered to be very costly.
Part-time motor trade insurance is not different from a full-time insurance policy that most insurance company offers to their potential clients. It just has its own vital amendments which are tailor-fitted to the insurance policy which is more specific to the traders who are lesser active in selling other insurance policies.
This type of insurance covers the vehicle repair, the servicing, restoration for old vehicles, tire and exhaust replacement as well as valet service and even sales.
If you’re asking the key features of part-time motor trade insurance, well there are two types of it; the combined insurance and the road risk only insurance policies.
The combined insurance covers all the needed coverage for motor traders which includes repair, servicing and other benefits that entirely covers motor-trade insurance policy; in short this is the premium coverage while the road risk only policy only covers the policyholder while they’re on the road in case they are figured in an accident or they have mechanical problems during the travel.