Part-Time Motor Trade Insurance: What Is It And Who Needs It?

Finding the best motor insurance may seem confusing, especially when you do not need it for a full-time occupation. It can be frustrating purchasing full insurance for a part-time hobby, but you may not need to. Here’s how you may benefit from part-time motor insurance.

What is part-time motor insurance?

To put it simply, this type of insurance applies to those who purchase, repair or valet vehicles on a part-time basis. It will not cover you if you perform these tasks as part of a full-time job, however. Instead, this work must only be done as a hobby or part-time alongside another role.

You may provide a part-time valeting service or have your own separate profession and restore vehicles as a way to pass time before selling them. Either way, it is important to remember that you are required by law to obtain motor insurance when you work in the motor trade industry as part of your business or privately, even if you do not work full-time hours. This situation is where part-time insurance comes into play.

What are the benefits of getting part-time trade insurance?

When you’re looking for insurance, you may only come across the option to take out a standard policy. Whilst this type of policy will likely cover everything you need to work in motor trade, it may also end up costing you more than a part-time policy. Make sure you do your research and check out a number of companies, such as Quotemetoday, to find insurance that takes your part-time hours into consideration. Be open and honest, and you could end up saving more money that you expected.

This type of insurance is not always limited to the vehicles that you deal with during your working hours. Many companies will be able to help you tailor a policy that can include personal and family vehicles within your policy, in addition to those that you are working on. They can also include cover for potential employees, recovery vehicles, vehicle stocks, liability cover and split indemnity. You may not need everything they will offer, but it is always better to be covered for more than the bare minimum. In addition, you won’t need to deal with different policies for multiple vehicles.

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