If you use MID from the likes of NIG, AKA, Tradewise and Ageas, then you will need to make certain that all of your details are up-to-date. It’s always easy to forget such a thing, but you can already login to the likes of Covea online to its MID update tool.
These Motor Insurance Database (MID) updates are so important, and so Covea insurances wants to make certain that all details are up-to-date for all vehicles that are in your possession. This does not matter if you do not even use them, as long as you own them, you have to make certain all details are correct.
Please remember, if you have a CovÃ©a Insurance Motor Trade policy, then it is your duty to keep your details up-to-date. It is a criminal offence not to do so and carries a maximum fine of £5,000.
Covea understands that people can easily forget to do this, but if you have not removed a vehicle you have sold off the database, then you are liable if the new owner has not arranged insurance. This could cause you to lose your no claims discount, pay higher than normal premiums, and have a claim made against you.
You can login here if you are a broker or policy holder to update your details.