things you must know about Motor Retail Insurance

What is Motor Retail Insurance?

Motor Retail insurance differs from Motor Vehicle insurance because in the former, the vehicles are bought as stock, with the intention of selling the same at a later stage.  Motor Retail insurance will therefore cover the vehicles as stock against fire, theft, accidental damage, damage by potential buyers etc.

Who needs Motor Retail Insurance?

If you own a company that buys and sells any type of vehicles, you need this cover.

Why should you take out Motor Retail Insurance?

Cars are damaged and stolen every day, and the costs of repairing or replacing cars have spiraled to a level far above previous estimates.  Without this insurance, you’ll be forced to absorb these losses yourself.  

How much does Motor Retail Insurance cost?

This policy costs a fraction of the price of repairing or replacing your stock vehicles yourself. We have a large book of clients placed with several different insurance companies, so we’ll be able to find the most beneficial and cost effective way for your business to be insured.

Typical claims incurred on Motor Retail Insurance

The most common claims on Motor Retail Insurance policies are for stolen vehicles (cars, quad bikes, car parts etc). 

We also receive many claims for vehicles that are damaged either whilst moving them around the showroom, or whilst they are test driven by potential buyers. 

The most devastating claims tend to be caused by fire or explosion, where an entire fleet of vehicles can be damaged or destroyed all at once.

What other insurance should be considered along with Motor Retail Insurance?

The other assets of the company should be insured along with the stock, these include computers, furniture, fixtures & fittings etc.

GET  QUOTATION:

Click here to send us an e-mail requesting a quote -> insurance@barrington.co.za 

We will e-mail you a quotation as soon as possible.

Contact details will be kept confidential and will not be used in any way other than as described above and will not be shared with any other parties.

Please note that we can only insure in South Africa.