Insuring Your Older Vehicles on a Motor Trade Insurance Policy
Finding an insurance policy that provides a good, reliable recovery service is essential if you run a business – particularly if you work in the motor trade industry. If you’re a mobile valeter who relies on a vehicle to reach customers, your vehicle is key to your business and without it your commercial activity could be severely disrupted.
Even the most modern cars can’t guarantee they won’t break down; but the older your car is, the more likely it is that sooner or later it’ll need the help of a recovery service.
According to the Society of Motor Traders and Manufacturers (SMMT), 6.7 million old or used cars were bought in 2012 and the average age of a car in the UK in 2012 was 7.59 years.
Yet buying used vehicles for your commercial fleet can be a wise move – saving you money and increasing your profit margin. That’s why it’s advisable to invest in a good motor trade insurance policy that will provide you with a reliable breakdown service – just in case.
The Importance of a Good Breakdown Service
It’s true that there are many benefits to buying used cars. They’re often cheaper than the brand new versions of the same model and you won’t have to worry about losing a lot of money as the vehicle ages. However, older models are more prone to wear and tear and may have higher running and maintenance costs.
So in case your vehicle does break down, it’s essential to have a good breakdown service included in your motor trade insurance. Not only will this save you money in the long run by reducing your maintenance costs, it will also ensure you can get back on the road and back to business as soon as possible.
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Including Breakdown Recovery on Your Policy
At Unicom, breakdown recovery is can be included for specific vehicles and will run separate to the motor trade policy. And if being unable to work would cause you great financial losses, you can select ‘business interruption cover’ on your combined policy to prevent suffering financially from circumstances which are beyond your control.
Other optional extras include goods in transit cover, which protects your tools and equipment against loss, theft and damage while you are on the road. With most insurers, your policy can usually be extended to cover public liability and employers’ liability as well.