Insurance | Did You Know

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Compulsory and voluntary excess

"Did you know that the majority of private car and commercial vehicle policies already have a compulsory policy excess, and any voluntary excess you have agreed to pay will be in addition to the compulsory policy excess already on the policy!"

Driving other cars extension

"Did you know that if you have private car insurance and are permitted under your insurance policy to drive any private motor car not belonging to you, owed to you or hired to you under a hire purchase agreement then this only permits you to drive other private motor cars only and does not extend cover to include commercial vehicles or motorbikes. It is only to be used in an emergency and does not provide cover for you to drive other vehicles on a regular basis. If the vehicle you are driving is not already insured and you are driving it under this extension of your policy then you will only be covered Third Party Only whilst actually driving it. Once the vehicle is left unattended on a public highway it is effectively uninsured, which is a criminal offence and the owner of the car may be liable to prosecution."

Adding a vehicle to your policy

"Did you know that a vehicle cannot be insured twice. If you want to add a vehicle onto your insurance policy temporarily, then you may only do so provided the vehicle is not already insured. If it is already insured then the only option available to you is to get the policyholder of the insured vehicle to add you onto their policy temporarily."

Leaving the keys in your car – the consequence

"Did you know that if you leave your keys in a private car or commercial vehicle and then leave your vehicle unattended and it is then stolen, it is unlikely that your insurance company will pay for the loss of your vehicle. Always remove your keys and lock your car when your vehicle is left unattended even if you are just filling up with petrol or dropping something off quickly to a friends house."

Motor Trade Insurance Policies.....

DO NOT ALLOW YOU TO DRIVE ANY VEHICLE YOU WISH

DO NOT ALLOW ANYONE TO DRIVE YOUR VEHICLE

What They Are Used For

A motor trade insurance policy covers the policy holder and persons named on the insurance policy to drive any vehicle* in connection with the insureds occupation as a motor trader only - for example to test drive prior to purchase, collect from an auction, take for an M.O.T, deliver back to a customer. *(Subject to the terms of the insurance policy. Some policies do not cover you to drive sports cars, vehicles over 3.5t, imports – phone us for further clarification).

Naming Vehicles Onto The Policy

Privately owned vehicles can be added onto the motor trade policy, but only vehicles owned and registered in the name of the policyholder. These vehicles can sometimes also be covered to use for pleasure by persons named on the insurance policy. Similarly if you have a vehicle in your possession for more than 14 days then you must notify us in order for it to be put onto the Motor Insurer Database. If you do not then the vehicle will flag up on the database as ‘uninsured’ and the police may stop you on the road if they see you. Check and see if your own vehicle comes up as insured on the database at http://ownvehicle.askmid.com/

Demonstration Use

Some policies allow ‘demonstration use’ which is valuable to a motor trader who sells cars. This use allows a person wishing to buy a car from the motor trader to test drive the vehicle for sale provided the policy holder or persons named on the policy are sitting next to the test driver. Cover is usually restricted to Third Party Only whilst your vehicle is being driven, but can be upgraded to comprehensive.

No Claims Bonus

No claims bonus usually expires after 2 years. If you’ve insured a vehicle in your name and earned no claims bonus, but then don’t insure a vehicle in your own name for 2 years or more then the no claims bonus will disappear and you will have to start from nil no claims bonus when you come to re-insure a vehicle in your name.

Travel Insurance

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Relationship with over 25 insurers...

Coops have established a relationship with over 25 insurers, providing a broad range of products at very competitive premiums.

We pride ourselves on providing a professional and courteous service at all times.

A small selection of the products we are able to provide, but are not restriced to are buildings/contents/stock, single and bulk let properties, motor trade insurance, contractors all risk insurance, public and employer's liability, bespoke liability for high risk occupations such as scaffolders, hot felt roofers and skip drivers.

If you have an insurance requirement you wish to discuss then call us today, or better still come along to our office and meet us personally.

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