How Is Kit Car Insurance Different?

Kit cars have become fairly popular these days because of their unique styles and looks, and the ease with which the owner can maintain them. The kit car specializes in the fact that it is most of the time custom made, and hence if you are an avid car driver and you have the exact looks and specifications of a car that you want to have on your mind and on the drawing board. To build this type of car, all that you have to do is to pass the information on to a kit car manufacturer and he or they (in case you want different parts be made by different manufacturers) will in turn send you the parts and all that you have to do is to assemble the parts and your own unique car is ready to use.[widget:ad_unit-490971921]

The motor insurance companies usually follow a list that contains the details of all motor vehicles and calculate the insurance premium according to which. Each car in the list has been assigned a number basis their make and performance. The higher the number assigned, the higher is the insurance premium. But in case of a kit car, the specifications will not be available as the car is uniquely built, if not in totality, most of the parts certainly. Hence insuring the vehicle under a normal insurance plan is not convenient and which is why insurance companies have come up with the Kit Car Insurance plans.

When it comes to insurance premium, the premium for Kit Car Insurance is calculated differently. The insurance company first of all needs to assess what the performance and the maintenance costs of the car are. Then there is additional factor of the car being unique. All these combined lead to the insurance premium to be calculated from scratch and the risk factor then be correctly assessed before the Kit Car Insurance premium is decided.

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