Kit Car Insurance: The Key Factors To Look For

Kit car insurance is specifically tailored to owners of kit cars which are also known as component cars.

This is a very unique type of car insurance designed for motoring enthusiasts who have a passion for building and driving classic replica cars and kit cars such as the Caterham, Cobra, Westfield and Ginetta.

Having kit car insurance cover during the assembly stages is essential, the assembly process may take some time to complete and as an owner of a kit car you will want to be fully covered at all stages of the build process right through to taking your car onto the open road.

This is something that a normal car insurer cannot provide and only the specialist insurers will be able to tailor the insurance policy to the exact specifications of your car.

The kit car insurance policy will provide cover for all of your individual car body parts and the frame whilst they are securely locked away in your garage.

It’s also important that you are able to insure all of the car parts that you have ordered before they arrive at their final destination, so they are covered at all stages even during transit.

Once your car is assembled you should have it appraised so that its value can be determined, your insurance company will have a list of appraisers in your area who you can contact. Should you ever be involved in an accident a professional appraisal will ensure that you obtain the proper level of insurance.

Some kit car insurance policies will include salvage retention rights. should your car be written off in an accident you would be able to claim on your policy and also retrieve the parts that are not damaged. Salvage retention rights are usually at the discretion of the insurer and if your kit car is too badly damaged you may not be able too retrieve any of the parts, however, it is always worth trying especially if you’ve added a number of expensive components.

If you are planning to race your kit car and/or take it to any shows and events you must ensure that your policy offers adequate protection. Your insurance company should be able to provide cover for any accidental damage and liability insurance. For many race organizations liability insurance is mandatory, it’s important that you are adequately covered in the unfortunate event that you should injure a member of the public.

Finally, It’s also recommended that you ask your insurers to arrange for breakdown cover for your car as it may be impossible to arrange this yourself with any of the leading standard breakdown companies. By doing so you may even be offered an additional discount on your kit car insurance policy.

As always, it is important to read through all of the fine print to be sure that you are getting the protection that you require. At this stage It’s always better to spend a little extra time double checking the policy and getting it right than being impatient and having to deal with future costly mistakes that could have been avoided.