Contents of Kit car insurance
The contents of Kit car insurance have to be compared along with the cost as this type of insurance is different from the general car insurance that you would take out. A Kit car is of course designed to your specific circumstances. You add parts to your car and tailor it and as such some of the parts are very costly as is the total car when you have built it up so you have to ensure that you have the right protection.
As you are building up your car from scratch part by part you will want to ensure that the parts of the car are covered from the moment that you order them. If they were to get lost in transit then without a policy to fall back onto you would have to stand to the loss yourself and as mentioned before parts can cost a great deal of money. Of course you would also want to check that the parts in storage in your garage were also covered in the policy. If your garage was to be broken into and stolen you would be able to make a claim on the policy for the loss. The same would apply if they were vandalised or if they were destroyed in a fire. Also ensure that any parts you have already built up on your car were also covered along with the framework.
As you will be customising the car to suit your needs and adding on parts your Kit car could work out extremely valuable by the time you have completed it. Therefore when considering Kit car insurance you might want to ensure that you had agreed values for the car. This means that you would have the car valued and then if you should have to make a claim on the policy you would get the true value of your car back.
You might also want to ensure that you could claim salvage retention rights in the event that your car was written off. Salvage retention rights means that you would be eligible to claim back any parts of the car which were of particular value so that you could use them again. However salvage retention rights would be down to the insurance provider and if they thought that the car was beyond salvage then you would have to waiver this right.
Also check your Kit car insurance policy to find out if you would be covered for shows and rallies. If you attend rallies and shows with your Kit car then you would need to have liability cover. This means that if someone attending the show or rally were to suffer injury due to your fault they would be able to claim on your insurance. Show organisers will usually insist that you at least have this form of insurance. Your policy could also payout in the event that your Kit car was to become damaged whilst at the show. If for example someone was to scratch the paintwork you could be able to make a claim on the insurance policy.
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