Did you know that practically all of UK home insurers will not provide a home insurance for motor traders? That applies for anyone who is known to be running either a full time or part time motor trade business from their home.
Why is home insurance for motor traders a problem?
Insurers deem there to be an unacceptable increased risk. That is both to damage occurring to your building and its contents. They fear even more the likelihood of a public liability claim. This could occur when a buyer or potential customer entering your garden, drive or property. Therefore most are reluctant to provide home insurance for motor traders.
If you currently insure your home, can you remember informing your Insurer with details of your new business activity when you started trading?
If not we strongly urge you to call your insurer immediately to check if they are happy to continue providing you with cover. Unfortunately you are more than likely to discover that they are unable to continue your policy and that your trade occupation invalidates your cover.
What should you do?
The worst thing you can do is to ignore this. You may have an Insurance document which shows the cover you are entitled to. However this may not be worth paper it is printed on. If in the event of a claim your insurers learn of your trade activity then they may decide to decline your claim.
Trade Plan home insurance for motor traders from a leading insurer
We have teamed up with a leading home insurance provider who will not decline your business simply based on your motor trade activities. In under 2 minutes we can provide you with a quote indication.
If you would like more information or for us to provide you with a quick home insurance for motor traders quote please call 0333 003 0041 and we’ll be more than happy to speak.
*NB – Since this post date we have undergone a re-brand. The various sub-brand departments that were within Plan Insurance such as Taxi Plan, Commercial Plan, Trade plan etc. were brought together under the one name of Plan Insurance Brokers in July 2015. Read more about our re-brand here.
Plan Insurance Brokers have 25 years experience specialising in Commercial Vehicle insurance as well as Taxi and Motor Trade insurance cover. You can read more about Plan in our about us section in the footer below.