Ebay Stock Insurance?? Any help would be great :)

pinky8

Hi,

I am trying to get my ebay stock insured which is in my garage (Which is attached to my house). My stock is worth £3000.

Does anyone know any insurers that will insure my stock either with my building and contents insurance or on it's own.

Please help!!... :P

pinky xxx

RFW

pinky8 wrote: »

Hi,

I am trying to get my ebay stock insured which is in my garage (Which is attached to my house). My stock is worth £3000.

Does anyone know any insurers that will insure my stock either with my building and contents insurance or on it's own.

Please help!!... :P

pinky xxx

You're going to struggle to get something that is worth having, ie it's likely to be too expensive. It would probably more cost effective to make it as secure as possible, shutters, alarm, etc..

Your best chance of cost effective insurance would be to contact the Market Traders Federation (or something similar), not had dealings for ages, but a lot of market traders would have similar value stock kept in their garage. The MTF provides insurance for its members with Public Liability, etc, so may be worth contacting them at http://www.nmtf.co.uk/

blue_monkey_2

Yes, I would go with above advice and join the National Market traders Federation (nmtf - it is just for people like us) but you will find that with joining the nmtf you'll have access to their insurers Marketline who do insurance for the likes of you (and me!!). I have been a member for 2 years now and you get free public liability up to £5m with joining, which i think is £76 pa. However, if you take insurance policies through marketline you will get a £25 vouchers for each policy you take out that will go towards money off for the next years subs. So, you'll pay this year but if you get get car, house and stock insurance through them then you'll get 3 x £25 vouchers and next years subs (and public liability) will be free.

However, be warned, they have some pretty tough restrictions such as having the garage secured and alarmed and you have to use certain devices and you have to have certain bolts on the door. I was quoted just over £300 for stock valued at 3k.

I am not sure what you sell but the PL will also cover you should anything ever happen - for example if you sell an electrical and someone gets a shock or if you sell shoes and the heel falls off and someone sues you (don't mock, people will sue for anything these days! I have been threated with this as a staple stuck in their finger when they opened a packet so now I use packets that are staple free!!) - it just gives you peace of mind just in case. Give them a call and go from there, I tried lots of brokers but none of them would touch me as I was 'working from home'. You are best off switching your house and buildings to them as well - it means less hassle as hey will know all your inforation but they will explain all this to you anyway if you get the right person and ask all the questions you need. You will need to call your current insurers and tell them what you do and that you have stock at home - it can make all of the difference in a claim and it is better to be honest and have a rise in premium (it did not affect mine) than not be covered if something happens.