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Insurance of scratch build!
andygtt - 6/9/05 at 12:24 PM

is it just me or is it a problem to get kit insurance if you build the chassis yourself, especially if its to your own spec.....

I've already got a kit and want to transfer the build insurance to my all new build.... but apparently they are not interested if its a home made chassis (ie no longer an official kit)...
Also I have been told I won't be able to insure it as a kit once it's on the road.

any ideas or experience?

chrisg - 6/9/05 at 12:39 PM

Who have you tried for insurance?

mainstream insurers are useless.

The specialists will insure any type of kit or special, with the exception of MSM

Try Footman James, I'm insured with them for my Locost.

I'll post some links shortly.

Cheers

Chris

[Edited on 6/9/05 by chrisg]

chrisg - 6/9/05 at 12:45 PM

Footman James

Adrian Flux

Sureterm Direct

Backford Bloor

Graham Sykes

I found Footman james the cheapest and they include breakdown cover.

HTH

Cheers

Chris

andygtt - 6/9/05 at 12:57 PM

that at least explains it. I'd hate to move but it seems the only way to get insured

andygtt - 6/9/05 at 01:34 PM

blimey.... footman james won't do the scratch build either, mainly because there was no single donor....

Got a quote for the MK indy whilst I was at it and it was over £450 MORE than MSN in fact it was £100 more than I used to pay for my 500bhp Ultima?????

and thats with 9yrs NCB no points etc etc????

James - 6/9/05 at 04:40 PM

You must have upset them!

Most people don't pay more than about £250 altogether!

Did you ask for resticted mileage? I think most go for about 3000miles.

HTH,
James

Alistair Mc - 6/9/05 at 04:43 PM

I used Adrian Flux, for my home built locost, 2.9 ford v6. It cost me £150 a year with a 3000mile limit

andygtt - 6/9/05 at 05:14 PM

well I asked them to check and they kept comming back to the same £770 figure for my bike engined MK indy

fortunately all the others were around £300 mark with mileage limited to 6K

the big plus is that my existing insurance have agreed to maintain the build insurance with the new chassis.... and adrian flux have confirmed they will have no problem with insuring my scratch build when its on the road for around £600 mark full comp.... not bad for the spec.

panic over, cheers

chrisg - 6/9/05 at 05:18 PM

I'm paying £104 for the year, for my 2.1 locost on 3000 miles, although I am old!

Cheers

Chris

britishtrident - 6/9/05 at 06:51 PM

Perhaps insurers have tumble to the fact that bike engined cars are in insurance terms a much bigger risk because of the explosive performance ?

Liam - 6/9/05 at 08:43 PM

quote:
Originally posted by britishtrident
Perhaps insurers have tumble to the fact that bike engined cars are in insurance terms a much bigger risk because of the explosive performance ?


Yes!! They've definately got wise to bike engined cars in the last few years. They used to go on engine capacity alone so BECs were naff all to insure. A few years back my mate binned his 1600 pinto for a ZX9 in his locost - insurance dropped from 200 and something to about 130 quid - when he was 21!! Last year we put a blade engine in an old westy - the old company wouldn't quote him, and the cheapest we got eventually was 5 or 6 hundred (and he was by then 25!)!!. Oh well, that situation was never gonna last long (and we have people like Hellfire to thank for it's end).

Liam