Video: Understanding Kit Car Insurance

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Many companies don't have kit car insurance because there isn't a set number for what kit cars are worth. Discover how insurance agents can go through a kit car to determine its value with help from the chief operating officer of an auto insurance business in this free video on kit car insurance.

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Video Transcript

Kit car insurance is in a category on its own. A kit car is just as it sounds; it's a kit and you build a car. So it's not going to be typical to, to your auto insurance for your GMC truck because you know, a GMC, 1996 GMC truck is worth x amount and this is what it has on it and it has a bid number. For a kit car, basically what it has in there is what you put on it and so you have to find an insurance company that does do kit car insurance because a lot of them don't; and then you would have to get with that agent and go through and, and what's on the car; what's not on the car; what is it worth; you know; things of that nature. And you would probably want to do that from the beginning because as you're building it things can happen and so you wanted to ensure that that point as well and then when it's done then it, it get stretch whatever into an, an actual; you know; mechanical policy where you're driving the car.

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Understanding Kit Car Insurance

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