Motor Trade Policy

[Mr Skrunts]

Any one got one?

Do you have start NCD from scratch or can you tranfer NCD from standard policy.

[zirk]

It depends on the Insurance Company or Policy and the Policy Holder, ie Ltd Co, Fleet, Sole Trader, New Start Up. Multiple Drivers etc, theres lots of variations of Tirade Policies these days.

But if we assume you mean a in its simplest terms ie a Single Person (Sole Trader or T/A) who is Starting Up or Taking Out a Traders Policy for the first time then He or She should be able to transfer their NCD or NCB, or some of it, over into the Trade, theres normally a limit though, up to 50% or 5 Years from memory.

You should also be able to Transfer or add any No Claims you've earned from a previous Trade Policy that wasn't in your Name, ie, you worked for a Garage and was on there Policy and now your starting Up on your Own, this may be termed as Introductory Discount or Bonus.

[henryd]

It depends on the Insurance Company or Policy and the Policy Holder, ie Ltd Co, Fleet, Sole Trader, New Start Up. Multiple Drivers etc, theres lots of variations of Tirade Policies these days.

But if we assume you mean a in its simplest terms ie a Single Person (Sole Trader or T/A) who is Starting Up or Taking Out a Traders Policy for the first time then He or She should be able to transfer their NCD or NCB, or some of it, over into the Trade, theres normally a limit though, up to 50% or 5 Years from memory.

You should also be able to Transfer or add any No Claims you've earned from a previous Trade Policy that wasn't in your Name, ie, you worked for a Garage and was on there Policy and now your starting Up on your Own, this may be termed as Introductory Discount or Bonus.

Most traders policy run at 40/45% ncd at max,never seen or had one with higher