Are you looking for Kit car insurance
Post date: March 10th, 2010 |
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If you own or are thinking of buying a kit car, then there’s probably not much anyone can say to convince you that they’re great – you’ve already decided that! Yet kit car insurance can sometimes be a bit of an issue, so let’s run through the basics.
Kit cars – non standard
Some insurance companies may use and like descriptions and categories of cars such as ‘standard’ and ‘normal’. However usually your kit car will be anything but standard and owners often customise them which means they may be worth a great deal more than a typical car.
For that reason, some insurance companies may be able to offer rather more specialised insurance in the field than others. When looking for insurance for your car you may come across providers that do not even offer insurance for the kit car or they may not even have heard of kit cars.
Don’t give up though – you still may be able to take out insurance if you choose a specialist insurance company.
Kit cars – finding insurance
Due to this fact you might have to search for an insurance provider who is willing to offer insurance for your car. Online providers may be the most suitable option.
As you’d expect, their products and services vary tremendously but the good news is that you should be able to find suitable kit car cover for your car.
The terms and conditions
You may find that insurance for specialist kit vehicles differs from conventional motoring insurance in certain important respects. As a guide you may generally find that:
- insurance providers may not be able to assess the true value of your car, especially if you have customised it. Therefore you may wish to have you car valuated and have agreed values in the policy;
- while you’re building it, your vehicle may be in several places at once and some parts may even be ‘in transit’ – a policy may need to explicitly provide protection for this;
- consider if you intend to enter you vehicle into rallies or other events. If so make sure the provider includes protection for these events;
- some kit car policies will typically only provide insurance for your vehicle for a very limited number of miles each year and the higher your estimated mileage the higher the premium will be.
Looking further at the details on a specialist’s website should give you all the detail you need about kit car insurance.
- Tags: Kit car cover, Kit car insurance, kit cars