Looking for motor trade insurance can be a complicated process, so it’s important to keep an eye out for some key things when comparing quotes to make the whole thing simpler.
By being aware of the factors that make up a great policy for your business, and by understanding what makes a legitimate motor trade insurance company, you can be more prepared for finding a great deal and weeding out the bad quotes.
Here are five things you can look out for when conducting a motor trade insurance comparison to ensure you get the best deal possible.
What’s on offer?
Understanding exactly what you need in terms of cover for your specific business is a good way to start comparing motor trade insurance.
When speaking to a broker or reading over a quoted offer, you can look out for key words or phrases that match-up with your exact requirements. This can make going through lengthy documents or descriptions much easier.
Any extra features?
Although understanding specifics is important, it’s also advised that you ask for what other optional extras are available.
Not all insurers are the same, and some will provide additional forms of protection, or added benefits, that you simply can’t find anywhere else.
Be sure to look out for unique offers from an insurance broker, and compare the costs and benefits of each quote you’ve been given.
Is the insurance broker genuine?
Knowing what makes a legitimate insurance broker and understanding the signs of a fraudulent one can be the difference between protecting your business and putting it in jeopardy.
If you have any lingering doubts about an insurer being the real deal, be sure to check for the company on the Financial Services Register. This way, you can be certain that the insurance you receive is legitimate and that the future of your business is more secure.
Is the service provided professional?
You should expect to receive a good standard of service when looking for insurance. Poor service can be an issue in the event that you need to make a claim in future.
Insurance companies are there to protect you, and calling them in the event of an accident or incident is stressful enough.
If they are rude and unhelpful when you are trying to obtain a policy, you might encounter the same problems in the future.
Have you been given a number of quotes?
If using a broker when trying to obtain motor trade insurance, you can expect the broker to obtain a number of different quotes from a range of insurance providers, in order to offer you the best deal.
Should you be offered a quote from just one insurer, ask if the broker is able to offer alternative quotations with other insurers. Some brokers do not work with a wide range of insurers, limiting your options and potentially not offering you the best value for your money.
Apart from offering quality, professional advice about motor trade insurance, part of a broker’s job is to scour the market for a number of quotes that will suit your business perfectly. This will help you to make an informed decision when trying to purchase a policy.
Be sure to get a range of quotes when looking for motor trade insurance, rather than just one. You might find you can save hundreds of pounds.