Generally speaking, motor trade operators are now swift to keep the MID updated when a new vehicle arrives for fear of it not being insured. But did you know keeping vehicles on the MID when they have gone can have time consuming consequences too?
We’ve seen instances where a sold vehicle has been left on a motor trader’s MID list and then been involved in a motor accident with its new owners. As the vehicle remained on the motor trade MID list, it shows as still being insured by them and a third party claim pursuit could take place.
Whilst in the majority of cases the sale can be proven and therefore liability denied in respect of the new owner’s accident, it can be a lengthy, time consuming task for all parties.
Our advice is to remove the vehicle from your MID list once the vehicle ownership has been transferred to avoid any unnecessary allegations.