Remove It Or Lose It!

Tuesday, January 03, 2017

We're continuing our campaign to increase awareness in the Motor Trade community about the possible consequences of not removing vehicles from Tradewise policies and the MID when they are sold or no longer in the trader's possession.


Motor Traders!


If you fail to remove a vehicle from your Tradewise Motor Trade policy it stays on the MID in your name.  That means you may still be liable on your insurance for claims involving a vehicle long after you sold it!

You could:

  • Lose your No Claims Bonus
  • Get a bad claims record
  • Pay more for Motor Trade insurance
  • Be liable to pay for losses to your Insurer.

Removing a vehicle from the MID is easy:

  • Log On to Tradewise Online at
  • Click the Remove button next to the vehicle
  • Job done!

Note: Vehicles added or removed via Tradewise Online before 4:00pm Monday to Friday are typically reported to the MID the same day. Vehicles added or removed after 4:00pm Monday to Friday, on public holidays, at the weekend, or on seasonal office closure days are typically reported to the MID on the next working day.

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