Cars Covered By Your Motor Trade Insurance Usually Need To Be Declared To The MID

The Motor Insurance Database (MID) was set up to try and decrease the number of people that failed to take out adequate, if any, policies for their vehicle. All vehicles that are insured have now got to be fully registered on the MID and this includes most vehicles that are covered under a motor trade insurance policy.

The rules for traders are different to those of private policy holders so it is important that you make sure you fully understand what you need to do to ensure you don’t get pulled over by the police for driving a car that isn’t on the database MID with the information but for a traders policy the responsibility is down to you. The MID must be updated with the details of any taxed vehicles within 14 days of your policy starting or being amended.

It is the fact that you have got 14 days to make the update that makes some vehicles ok to leave off the database. The two main examples of this would be for cars that you have on a short-term lease and also cars that you are selling but will hold for less than two weeks. As well as this, any cars that are not taxed and are used with trade plates do not have to be registered but you can still do so if you prefer.

Once a vehicle that you have registered on the database is no longer in your possession it is important that you make sure the MID is updated again. Failing to do this could result in you being contacted about a claim that is nothing to do with you.

If you are unsure about any aspects of the MID or just want some general information about what you need to do then it is advisable to speak with your motor trade insurance broker who will be able to give you all the details needed.


Written by E-Commerce Manager of Think Insurance, Chris Roche. For more information on motor trade insurance , taxi insurance or property insurance take a look at our site and give us a call for a cheap motor trade insurance quote.