andygtt
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| posted on 6/9/05 at 12:24 PM |
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Insurance of scratch build!
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?
Andy
please redefine your limits.
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chrisg
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| posted on 6/9/05 at 12:39 PM |
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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]
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chrisg
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| posted on 6/9/05 at 12:45 PM |
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Footman James
Adrian Flux
Sureterm Direct
Backford Bloor
Graham Sykes
I found Footman james the cheapest and they include breakdown cover.
HTH
Cheers
Chris
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andygtt
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| posted on 6/9/05 at 12:57 PM |
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that at least explains it. I'd hate to move but it seems the only way to get insured
Andy
please redefine your limits.
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andygtt
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| posted on 6/9/05 at 01:34 PM |
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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????
Andy
please redefine your limits.
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James
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| posted on 6/9/05 at 04:40 PM |
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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
------------------------------------------------------------------------------------------------------------
"The fight is won or lost far away from witnesses, behind the lines, in the gym and out there on the road, long before I dance under those lights."
- Muhammad Ali
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Alistair Mc
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| posted on 6/9/05 at 04:43 PM |
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I used Adrian Flux, for my home built locost, 2.9 ford v6. It cost me £150 a year with a 3000mile limit
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andygtt
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| posted on 6/9/05 at 05:14 PM |
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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
Andy
please redefine your limits.
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chrisg
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| posted on 6/9/05 at 05:18 PM |
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I'm paying £104 for the year, for my 2.1 locost on 3000 miles, although I am old!
Cheers
Chris
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britishtrident
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| posted on 6/9/05 at 06:51 PM |
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Perhaps insurers have tumble to the fact that bike engined cars are in insurance terms a much bigger risk because of the explosive performance ?
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Liam
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| posted on 6/9/05 at 08:43 PM |
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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
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