Acceptance Criteria for Tradewise Impound Insurance

To keep the number of questions that we ask to a minimum, we make certain assumptions as detailed below and must describe your circumstances correctly. These will form the basis of your insurance contract which may be invalid if you do not meet the eligibility criteria stated.

About the Drivers

  • Hold a current full and valid UK, EU, EEA or Swiss driving licence for at least 12 months
  • Have been permanently resident in the UK for the past 12 months
  • Have had NO more than 2 motor accidents, claims or losses in the past 3 years
  • have NEVER had an insurance policy cancelled, made void or refused, Or Renewal Declined; or had an insurance claim repudiated or declined
  • Have NO more than 6 penalty points in the past 5 years, and have no prosecution or police enquiry pending, other than a No Insurance Conviction (IN10) resulting from the seizure of the vehicle to be insured
  • Have NOT been disqualified from driving or had their licence revoked in the past 5 years
  • Have NEVER been convicted of any criminal offence or have any possible prosecution pending
  • are NOT Unemployed or a Professional Sportsperson; or have a full or part-time occupation which is connected to the following trades or professions: Couriers, Entertainment Industry, Fast Food Delivery, Parcel Delivery, Claims/Credit Hire or Accident Management Company Or Vehicle Rental

About the Vehicle

  • Is NOT a Horsebox, Licenced Taxi or Minicab, Lorry, Minibus, Motor Caravan, Motor Home, Recovery Vehicle or a Tipper
  • Has NO more than 8 seats, has a current MOT certificate if required; is not recorded as a category A or B insurance loss and is not declared as being off-road under the DVLA SORN Regulations
  • Will ONLY be used for social domestic & pleasure purposes, including commuting and personal business use by the policyholder only
  • Will NOT be used for any purpose in connection with the motor trade, scrap waste, carriage of goods or passengers for hire or reward, racing, pace-making, speed testing, rallies, trials or competitions
  • Has NOT been modified or altered in any way (including wheels, suspension, bodywork and engine) - vehicles converted to LPG or modified to cater for a disabled driver or passenger are acceptable
  • Is OWNED BY YOU and has been seized or impounded, and you are buying insurance cover to obtain its release
  • Will NOT be exported from the UK during this period of insurance cover

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