It is essential to have a good Business Insurance if you earn a living buying, selling, fixing or generally working with cars, even if its part- time. Specifically, a Motor Trade Policy is especially designed for large and small motor traders. Motor traders will discover that each policy is different; there is a variety of coverage, premiums and features. Therefore, it is vital that the motor trader chooses the policy that best meets their needs and budget. A Motor Trade Insurance sales team will provide you with all your Motor Trade Insurance Policy options. There are generally five types of policies that you may opt from. They are the Third Party Only or Third Part, Fire and Theft policy. Motor Traders can opt to purchase the Comprehensive or Liability policies. Lastly, the Combined Policy is also an option. Again, it is very important to choose the policy that is right for your particular type of motor trade. Some interesting features may include administrative, social, domestic and pleasure use of any vehicles for all named drivers. Secondly, you may receive a free second occupation 'class one coverage' for you and your partner or up to fifty percent no claims bonus awarded after five years. Additionally, the motor trader may be offered the option to either use a private or commercial bonus from previous insurers. The Third Party Only Motor Trade Insurance Policy (also referred to as Third Party Road Risks Policy) is required by law if such services are practiced. If you buy and sell cars or operate as a mobile tuner, repairer, Valier or fitter, then you must operate under this particular policy. If you own a garage of MOT station and repair or restore classic and cherished cars, you are also classified as a Third Party Only policy candidate. Finally, motor traders need to consider purchasing the Third Party Only Motor Trade Policy if you provide any general vehicle repairs or need t drive any vehicle on the public road, (yours or your customers). The Third Party, Fire and Theft Policy honor the same criteria as it also protects vehicles in the event of fire or theft. The Comprehensive Policy is designed for the motor traders that receive all of the above as well as comprehensive coverage. This would include accidental damage to cover vehicles in the event of fire or theft. Motor traders could opt to protect their business by purchasing the Liability Policy. This Motor Traders insurance Policy is especially designed for motor traders who employ someone and service, repair, or restore cars. This business will also buy, supply and fit parts. The Liability Policy covers the business that invites the public onto their premises while also providing service for them. There are three types of Liability Insurance; Public, Employers and Product, Sales and Service Idemnity (including Defective Workmanship). Of course, the Combined Policy provides coverage for premises, contents, tools, liability, vehicles and money. In essence, whatever Motor Trade Policy that you choose to protect your Motor Trade business, be sure that it is convenient and effective at the best price. Motor Trade Car Insurance In the automotive industry, a motor trader is always searching for the best insurance for their money. A genuine insurance deal for most people would be the comfort of low premiums with effective coverage. Experts of the United Kingdom Motor Trade Insurance companies are invaluable and available to offer you such services. Motor Trade Car Insurance can provide a variety of options and excellent premiums. A team of experts will validate and confirm any specific details of your particular needs prior to becoming a policyholder. Companies that are willing to grant you Motor Trade Car Insurance base your price estimates on certain criteria that best fits your situation. The insurance is a fully independent resource that guarantees the latest competitive insurance quotes. These quotes are also available for classic or historic vehicles as well as collectible, sports or hot rod and performance cars. Although Motor Trade Car Insurance policies do not award coverage for the cars that are used for racing, pace making reliability or speed listing, they do reward Motor Trade safe drivers with special premiums. Cars may be used for social, domestic and pleasure purposes (including commuting), in addition to the connection with business or profession of the policyholder and authorized drivers. However, the policy does prohibit the connection with Motor Trade if the car is designated for soliciting of orders in renting out for the carriage of goods or passengers for hire or reward; to include such business trips. In essence, automobile insurance will remain applicable under the Motor Trade Insurance if these terms are met. Under the Motor Trader Car Insurance policy, quotes are generally based on the following criteria. The potential insured must be between the ages of 21- 70 years old. The candidate must have resided in the United Kingdom for more than one year. The policyholder must have owned a United Kingdom driver's license for more than one year without any convictions or charges of a criminal offense. The insured cannot have any motoring claims or convictions within the last five years to include Motor Insurance cancellations. All potential policyholders must not be involved in importing or exporting vehicles. In addition, you or your Motor Trade business cannot specialize in selling, repairing, servicing or restoring any of your cars. These vehicles may include sports or high performance cars, veteran, vintage or classic cars or light commercial vehicles. Also, to be authorized as a Motor Car Insurance policyholder, no vehicle that is owned by you or your business has been labeled disabled. Furthermore, no vehicle that is in the possession of you or your business can be leased. These policies are tailored for individual or firms operating in the Motor Trade industry who are in the need of a genuine insurance coverage to protect their personal or business vehicles. These vehicles are authorized to be used on the public roads or parked at the home or trade premises. The insurance allows drivers to operate any motor vehicle under the provisions of the Motor Trade insurance policy. This includes permanently owned vehicles that are specifically used for social, domestic and pleasure purposes only.
Everyone wants to get the cheapest car insurance; however, they might not know how to get it. You cannot just walk into an insurance company or car dealership and hope to get the best insurance coverage for your vehicle. If you do not know much about automobile insurance, you would not be able to bargain successfully. Few simple tips from us can help you find the best deal. Deductible One of the easiest ways of getting the cheapest car insurance policy is by paying a higher deductible. The deductible is the amount that you would have to pay to the insurance company before the company pays out your claim. Higher deductible would invariably result in lower auto rates for you. According to estimates, if you increase your deductible from $500 to $1,000, you will see a savings of 40% on your car rates. So if you can afford to pay higher deductible, then go for it. Besides looking at the deductible, you also need to figure out the proper insurance coverage for your vehicle. For that you would first need to know the age of your vehicle. Sites like kbb.com and nadaguides.com can help you decide on the right market value of your automobile. If your car is old, then it would be best if you do not get a comprehensive coverage. By excluding the collision coverage on your old car, you will be paying less in premiums. Compare Quotes To get the cheapest car insurance, you would have to do some research. You cannot select the first company that you come across on the net, newspaper, or television ads. You need to first get three or four quotes. You will be amazed to see the difference of several hundred dollars between the various quotes. You must also understand that the amount of premium that you will be paying would also depend on your age, driving record, the area that you live in and they type of car you drive. Now, you cannot change your age or the area where you live; however, you can follow a few tips to pay less for your auto insurance coverage. If you do not have an anti-theft device in your car, then get one. This will help you get some attractive discounts from insurance company. Rather than going for a six month policy, you should get a yearly policy. In the end, it is not just important to find the cheapest car insurance, it is also important to find a reputable auto insurance company. A reputable company will be able to cover your claims on time and will answer all your queries. Finally, to find the cheapest and best coverage, you also need to be aware of automobile insurance laws in your state. Some superstitions are harmless, like knocking on wood, carrying a rabbit's foot or believing that if you get on a plane with your right foot, the plane won't crash. I do this last one myself. Silly, but harmless. Other superstitions are not so harmless and they affect other people as well. For example, the millions of husbands who are superstitious about estate planning and, therefore, refuse to do it. Or do it partway but won't complete the process. Ed and his wife Cynthia, worked with an attorney to set up their estate plan. Ed signed all the documents except for one - the durable powers of attorney. The papers have been sitting on his desk for over a month. Cynthia is angry and feels helpless because of Ed's continued delay. She feels like a hostage to Ed's superstition that if he signs the durable powers of attorney papers, which are necessary to complete the process, God is watching and will snuff him out. Because of Ed's superstition, Cynthia won't be able to act on his behalf if he can't make medical or financial decisions for himself. Unless Ed signs the papers giving Cynthia the power to make those decisions, his adult children from his first marriage will be calling the shots, not always in Cynthia's best interests. "Ed signed the other papers but won't sign the durable powers of attorney" Cynthia says. "He assures me he will, but when I remind him that the planning isn't complete unless he does sign, he accuses me of nagging. He knows it's not rational, but he says it makes him feel better." Is there any difference between that kind of thinking and not walking under a ladder, wearing garlic around your neck to protect you from vampires or crossing the street when you see a black cat? When I was researching my book, I discovered in interviews that many men intentionally leave loose ends in their estate planning. Some men procrastinate; others have great intentions, but 'forget' to fund the trust. Most eventually get around to completing the process, but usually cause themselves and their wife unnecessary anxiety and frustration. For example, William just kept 'forgetting' to fill out the papers to fund the revocable trust he and his wife Lila had set up. Their lawyer explained that, until their financial assets were actually transferred into the trust, It wasn't considered a legal entity. Consequently, if something happened to William, the trust couldn't provide Lila with the legal or financial authority to act as the trustee. When I interviewed William, he said he'd been busy, had other things on his mind and just never got around to it. He intended to make the transfers as soon as he had a minute. Ed's lawyer offered to do it if Ed was busy. Ed refused and said he'd prefer to take care of it himself. Meanwhile, Lila's hands are tied because he doesn't want her to take care of it either. "My husband's friend had a fatal heart attack on the tennis court the day after he and his wife signed their living trust," she said. "You try convincing my husband that the same won't happen to him." Superstition is a powerful, if irrational and usually subconscious, belief that keeps many men from taking action to protect their wife in case they die. It presumes a causal relationship between something we do or don't do and the outcome of some future event. Wouldn't we enjoy being that powerful. If only we were the center of the universe, where what we do matters on a cosmic scale. It's comforting to think that a higher power is watching and rewarding or punishing, waiting until all the papers are in order and everything is signed before taking us away. It sounds so simple and silly, but this kind of thinking is real and widespread. Unfortunately, superstition impacts the lives of too many wives whose husbands won't follow through with the necessary arrangements to protect them in case they die.
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