Compare Kit Car Insurance
Are you thinking of buying a kit car? Maybe you should consider how you’ll insure it first. Kit cars are special and as a result, they demand special insurance. We know that you have spent a lot of time and energy building the perfect kit car. For this reason, we want to make the process of acquiring insurance easy.
Kit Car Insurance While Constructing
As earlier stated, this is a very special kind of car and the insurance is equally special. You need insurance coverage for this vehicle in the process of construction. Some of the stages are explained below.
Build Up Cover
This kit car insurance means you are protecting the individual parts of your vehicle as they are being built. Majorly, you are preventing the occurrence of theft, fire, and any form of vandalization. There’s a kind of general rule which states that the insurance policy would be around 1-2% of the car’s value. However, there are ways to get cheaper kit car insurance.
This is another way by which you can cover your kit car in case any unforeseen incident occurs while transporting the parts of your vehicle, you can make claims. These incidents include damage, theft, etc. and as you know, the parts are often expensive to purchase.
Kit Car Insurance After Construction
After the construction process, you can proceed to compare cheaper kit car insurance and then settle on an agreed value for your vehicle. The uniqueness of kit cars means there’s often no fixed price for these negotiations, hence, there are various factors to consider.
Some insurance companies have their valuation department and this might make the agreed value in your favor or not. It is always best to compare kit car insurance quotes online to see what works for you. It is also important to note that the value of these kit cars doesn’t depreciate like a normal car does, on the contrary, it increases with time.