Features to look for in Kit car cover
A Kit car is unlike any other car; you are building it to your specifications and adding on parts you have specifically chosen, it is unique to you. With this in mind you want to take out car insurance aimed solely at your kit car, so you want to be looking at Kit car cover. This type of car insurance can be found with a specialist insurance company and there are many features which should be taken into consideration and which you should check for in the policy.
One of the many features you could check for when looking for your Kit car cover is if you would have salvage retention rights. While no one likes to think of the worst possible scenario it could happen and your valuable Kit car could be written off by the insurance company. Of course you would get paid out on the policy, however there could be many valuable parts on the car and if these have not suffered damage they could be salvaged and used again. While salvage retention rights might be included in the cover when taking it out you would have to take into account that if the car was seen to be too badly damaged by the insurance company then you could have to waiver these rights. However it is something that you might want to check out when looking into taking out insurance.
Check the features of the policy to find out if you could insure your Kit car for agreed values. This means that you would have the car valued and then insure your car for this sum of money. Due to the fact that you can tailor your car to your needs and you might be adding many parts onto the car this should be considered essential. You would also have to take into account that if you continue to add parts onto the car the value would go up and if you do not add these additions into your policy you would lose out.
Kit car cover should protect all parts of your car during the building process, which could take some considerable time. The parts should be insured against damage and loss from leaving the factory premises to you receiving them. They should also be protected under the policy while they are stored in your garage. The frame of the Kit car and any parts already fitted should also be insured during the building process. They could be insured for example against theft, damage or loss due to fire and much more. You would need to check the small print of your policy to find this out exactly what your car was insured against. Finally look at the features of the policy to find out if you would be protected at shows and rallies and also check the small print to see what exclusions and limitations there would be on this. If showing the car then you might want to check to see if the insurance includes accidental damage to the car.
Get a kit car insurance quote
Back to insurance articles index