At 1st Choice Insurance, we have direct links to the MID database to enable motor traders to update their insurance details as changes happen. Contact us to update your policy.
The Motor Insurers Database was established by the insurance industry to combat uninsured and under insured drivers who cost the honest policyholder in excess of £600 million per year. It also enables the UK to comply with the 4th EU Motor Insurance Directive which requires insurance details of all vehicles in member states to be easily accessed by a national information centre. In the UK this is controlled by the MIB (Motor Insurers’ Bureau). It is your responsibility to notify a vehicle to the MID or of changes in circumstances.
Remember to remove vehicles from the MID that you no longer own, otherwise you may still be liable on your insurance in the event of any claim, even if it’s been sold!
Trade plate numbers should also be notified to MID and in all cases policyholders need to specify inthe file whether the VRM relates to a trade plate (‘T’) or a normal vehicle (‘U’).
Changes and amendments should be notified to the MID immediately.
If vehicles are not added, it could result in you being stopped by the police as your vehicle would appear to be uninsured, and therefore incur a fine. Alternatively, if a vehicle is not removed and is subsequently involved in a claim, you will be liable.
What you don’t need to notify to the MID
- Customer vehicles in your custody for specific reasons – e.g. repair, servicing, storage etc. In these cases, the vehicle’s ownership remains with the customer so there is no need to disclose this information.
- Your own stock vehicles for the purpose of sale or resale, or demonstration purposes under trade plates. However, if you decide to use any of the vehicles for your motor trade use without trade plates – or for any personal use – then such vehicles must be disclosed.
- Vehicles driven under Trade Plate regulations – however, all Trade Plate numbers must be disclosed already to the MID