TRADWISE Motor Trade Insurance Review
This review of Tradewise insurance shows just what this firm has to offer the driving public in the UK. They are the UK market leader in the Motor Trade Insurance sector. This is an insurance firm with the trading name of Tradewise Insurance Company Limited that underwrites their policies. They are also a leading provider of temporary insurance for names that include Insure4aday.
Tradewise offers many types of policies but they are best known for their coverage in the Motor Trade industry.
What is available from Tradewise in Motor Trade coverage?
There are two levels of coverage for the motor trade industry. This includes both Road Risk and Combined policies.
Road Risk Policy
The three basic types of coverage for the vehicles when they are on the road include;
This is a policy for people in the motor trade business that operates out of a secondary location. For those small motor traders that operate out of their homes or residence, this add-on is not necessary, but still added by some small motor trade professionals to help keep their homeowners premium cost as low as possible. The combined coverage includes;
As part of the business model, Tradewise Insurance deals with brokers only. They offer their policies to brokers, who are the direct contact between their policyholders and their business operations.
Tradewise insurance has been open for business since 1994. This business was founded by a group of brokers and still today only deal with brokers to offer and sell their policies.
Motor trade insurance is cover aimed specifically for those that deal in the buying and selling of cars within the motor trade industry. The cover extends beyond trading to include repair, servicing and auto part dealers. This can also be referred to as Road Risk insurance, this is simply cover to allow the dealer to drive other cars as part of their business. Tradewise motor insurance competes against others that include