How to Buy Kit Car Insurance
Many individuals building car kits wonder how to get insurance for their vehicles. There are companies that specialize in providing insurance for car kit owners. And they can provide insurance from the point you receive your first kit piece to when you get the car on the road. Here's how to buy kit car insurance.
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Instructions
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Get your car appraised. Once your car kit is assembled, you need to get your vehicle appraised. You can find appraisers in your local community or you can ask insurance companies for a list of appraisers.
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Shop companies that specialize in car kits. Since car kits are a unique item, you'll need to find insurance companies that specialize in this market. A couple leading companies include American Collectors Insurance and Hagerty Insurance (see Resources below).
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Compare policy features. Determine how many miles you can drive your vehicle and if spare parts are covered. Also, since car kits may appreciate in value, you should consider getting coverage for appreciation. This will ensure your vehicle isn't underinsured.
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Get quotes from insurance companies. Once you determine which types of features are important to you, get quotes from insurance companies. Many companies have online quotes that allow you to quickly price out a policy.
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Purchase a policy. Compare the features versus the price to make a decision on which policy to purchase. After you purchase a policy, evaluate it annually to ensure you're getting the best coverage and price.
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Tips & Warnings
Look into lowering your deductible. Many companies that insure car kits offer zero deductible options at a reasonable price. Ask about this option to minimize your out of pocket expense in case of an accident.
