Motor vehicle insurance database #Motor #Insurance #Database
Motor vehicle insurance database ******* Motor Insurance Database Get to know your obligations towards the Motor Insurance Database (MID) – who updates the MID, which information is needed, and when… Why does the Motor Insurance Database exist? The Motor Insurance Database (MID) helps to combat the crime of uninsured driving. If your customers need to make a claim against those vehicles, then it’s the Motor Insurers’ Bureau that will ensure the compensation gets paid. However, it then passes those costs back to the insurance companies, who, in turn, pass them on to policyholders as higher premiums. By keeping the MID up to date, we’re all helping to keep the cost of vehicle premiums down. You can find out more details about the MID at www.mib.org.uk It may be you or it may be us that does the legwork – but whenever new cover starts, or there’s a material change to details, the Motor Insurance Database (MID) needs to be updated. It all depends on whether or not the policy c...