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Using my insurance to drive other cars with traders insurance
Comments
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What if it gets stolen - will he want to put a claim on their policy. Get the thing properly insured. Whoever the executor is should be doing this to protect the assets of the estate.
Assuming it is covered, the trader would only receive the trade value for the car not the market value.0 -
If its under a trade policy the tax wont be valid anymore will it?
How is the trader insuring the car that they have not bought and do not own etc?
Is the tax still valid?
I think your on dodgy ground.
Seems like someone trying to get a family car insured through a trade policy?
If anything happens to it there maybe trouble.Censorship Reigns Supreme in Troll City...0 -
Trade policy and tax are not related.
You can't tax a car 'in trade', but if the traders the RK or a vehicle is not in trade the vehicle can be taxed.
Tax is irrelevant to the insurance policy though... but whom the owner and RK are is not... which is why i've previously said its likely the terms of the insurance policy have not been met, making adding it to the policy a mere exercise in making it look insured.
Although the likelihood of being pulled out on it is pretty slim.. and in the event they was I suspect the story would be he is the owner and RK and 'paperwork has all been sent off, darn royalmail.0 -
Trade policy and tax are not related.
You can't tax a car 'in trade', but if the traders the RK or a vehicle is not in trade the vehicle can be taxed.
Tax is irrelevant to the insurance policy though... but whom the owner and RK are is not... which is why i've previously said its likely the terms of the insurance policy have not been met, making adding it to the policy a mere exercise in making it look insured.
Although the likelihood of being pulled out on it is pretty slim.. and in the event they was I suspect the story would be he is the owner and RK and 'paperwork has all been sent off, darn royalmail.
Yeah, because fraud is always a good idea.
Best all round for the car to be properly, privately insured and taxed for the use it is getting, rather than this befudgery that's gone on with trade policies and moving it every few days.0 -
The OP already has a lax idea on insurance and the truth.Censorship Reigns Supreme in Troll City...0
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