Are there any hidden downsides to a 'parts only' insurance policy? With a saving of 30% it doesn't sound like a bad idea - given that you've built it once, if you crash it you'd probably rebuild it yourself regardless?

Hmm assuming its not twisted like a banana…I only get fully comp for the kit cars, for all the difference. In the event of a crash you’ll actually most likely end up quids in as if they write your car off, you buy it back for peanuts, get the full value of the car to buy a replacement, then fix the old one and end up with two cars for very little extra money on the insurance.

The advantage over parts only for comp is if you fix it yourself then they will pay you the labour to fix it.

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Originally posted by coozer
The advantage over parts only for comp is if you fix it yourself then they will pay you the labour to fix it.

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quote:

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Originally posted by coozer
The advantage over parts only for comp is if you fix it yourself then they will pay you the labour to fix it.

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The way the company I spoke to explained it was they simply pay for the parts to fix the car - your labour comes for free, hence the saving.

Parts Only cover is exactly that. The Insurer in event of a claim will pay for all replacement parts, not labour.

It doesnt suit everyone however for a lot of self bit kits the owners doesnt want anyone else to touch it anyway!

It is down to individuals, there is between a 25 and 35% discount for this cover.

2Gether Insurance just advise and ask the clients their requirements we dont push any clients in any particular direction it is a choice that you have to make.

You need to consider:

(a) Would you let anybody else rebuild/Repair your Kit
(b) Could they do it to the standard that you require
(c)Have you the time to do it if a full rebuild is required

Hope this has helped for anymore info call us on 01945 465508

I've gone parts only for the exact reasons as above^^^^. Most scratch build guys I'd imagine should be thinking along the same lines as well.
I mean if you've made all the bits on your own then they are not available off the shelf to buy for a repairer to source.
Even IF you found a company with the time and willingness to make the parts the labour cost in bookable hours would be horrendous and the car would most certainly become a write off.