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Go Back   Madabout Kitcars Forum > Mad Build Area > Tribute Automotive Builds

Tribute Automotive Builds Discuss your Tribute kit build

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  #1  
Old 19th July 2018, 15:43
daveytz daveytz is offline
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Default Valuation for insurance

Hi all. I am at the point where I can get my 250 mot'd I need to ring the insurance company and wanted to know what valuation the car would have. Any ideas or what do you guys tell them?
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  #2  
Old 19th July 2018, 16:41
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Jaguartvr Jaguartvr is offline
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WorldClassAccident as president of the world famous "Tribute Owners Club" was doing valuations, drop him a PM.

All depend on the standard of finish and engine size.
Smash's sold for about 25K, Casamolias up on Ebay for 26K
Nice silver one up on Classic & Sportscars for 42K
There have been some awful examples selling for around the 10k or less mark.
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  #3  
Old 19th July 2018, 20:17
daveytz daveytz is offline
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Cheers for that, well the next instalment of the saga is that I ring the insurance company up to tell them I'm ready to get on the road and they have invalidated my insurance on the basis of me putting the body on and also said I'm not allowed to spray it!
I'd explained when I took the insurance out my plans and they said would be fine so a complaint has gone in.
Anyone any pointers on insurance companies that are good with kit cars?
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  #4  
Old 19th July 2018, 21:00
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Same happened to me- bought donor, described plans, sent them pics when it was done, insurance cancelled.

I use A-Plan.
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  #5  
Old 19th July 2018, 21:37
Lucky@LeMans Lucky@LeMans is offline
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They were more than likely insuring a standard Z3 to start with. With the new body fitted it is effectively a different car so it would need to be re insured with its new details. If you are with one of the kit car specialist insurers it shouldn't be anymore than a paperwork exercise.
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  #6  
Old 20th July 2018, 07:08
daveytz daveytz is offline
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Cheers chaps. I'll get on to some companies today. It's a right pain though. I'll have to post pics of the progress on the car too.
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  #7  
Old 20th July 2018, 07:55
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I have insured my son's Z3 2.2 with Adrian Flux. It has been insured as a Tribute rebody but has been clearly stated that it hasn't been started yet and will be run as standard for a couple of months before starting the conversion.
Was cheaper to insure it as a Tribute than as a Z3!
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  #8  
Old 20th July 2018, 12:52
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I've just renewed my insurance with A-Plan.

They were happy to ensure it before I got it on the road.
( Although it had to be over 90% complete first due to the 'alfresco' nature of my build. )

They agreed a value when it got on the road while still in grey primer.

They have agreed an increase in value now that the car is painted.

They just require a specific list of photos to go with the valuation.

Hope that helps, Paul.

PS
I agreed to a limited mileage policy, but the mileage limit can be exended if required.
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  #9  
Old 20th July 2018, 13:53
daveytz daveytz is offline
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That's all really helpful. Cheers.
If I insure as a tribute what does that entail?just telling them or do I have to 're register the car or something? . It's all new stuff to me.
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  #10  
Old 20th July 2018, 14:10
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You just tell them what it is now and what it will be when it is finished. You can't change the name on the V5 until it is (almost) finished.
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  #11  
Old 21st July 2018, 09:46
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I wouldn't worry too much about the description of the car on insurance documents.
There was a rumour going around a while back that if the description of the car on the insurance documentation did not match that on the V5C the insurance was invalid. This worried me as, of the cars I had at the time, only my Ford Mondeo had matching descriptions, so I checked with my insurance company and they confirmed that my car insurance was based on the registration number and not the car description.
If you go with one of the recognised Kit car insurers they will be familiar with your type of vehicle.
I would phone around to get the best quote, how they assign a particular premium is a mystery to me, I'm currently with A plan and Graham Sykes but I change providers almost every year as I can usually get a better deal elsewhere.
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  #12  
Old 22nd July 2018, 14:59
Lucky@LeMans Lucky@LeMans is offline
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Quote:
Originally Posted by NeilF355 View Post
I wouldn't worry too much about the description of the car on insurance documents.
There was a rumour going around a while back that if the description of the car on the insurance documentation did not match that on the V5C the insurance was invalid. This worried me as, of the cars I had at the time, only my Ford Mondeo had matching descriptions, so I checked with my insurance company and they confirmed that my car insurance was based on the registration number and not the car description.
If you go with one of the recognised Kit car insurers they will be familiar with your type of vehicle.
I would phone around to get the best quote, how they assign a particular premium is a mystery to me, I'm currently with A plan and Graham Sykes but I change providers almost every year as I can usually get a better deal elsewhere.
It would be wise to declare your intentions however. If you're with a high street insurer the chances are they don't insure kit cars and you might well get problems if you had to make a claim post conversion.
A Plan seem to be one of the few high street insurers that will offer insurance for kit cars.

Last edited by Lucky@LeMans; 22nd July 2018 at 21:11..
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  #13  
Old 22nd July 2018, 19:48
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Looks very nice, 2.0 will knock the price I suspect. Wheels and tyres as the advert says are a bit too big and not a fan of the flared rear arches.
Interior looks nice.
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  #14  
Old 22nd July 2018, 21:11
Lucky@LeMans Lucky@LeMans is offline
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It looks really good, yes the tyres are a little large but that doesn't detract from the overall finished car. I would suggest the price is at the lower end of what could be achieved but spot on for a quick sale. If I was the seller I would approach Richard and ask him to sell it for me, he seems to have all the connections to get the best price !
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  #15  
Old 27th July 2018, 21:14
306craig 306craig is offline
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Quote:
Originally Posted by daveytz View Post
Cheers for that, well the next instalment of the saga is that I ring the insurance company up to tell them I'm ready to get on the road and they have invalidated my insurance on the basis of me putting the body on and also said I'm not allowed to spray it!
I'd explained when I took the insurance out my plans and they said would be fine so a complaint has gone in.
Anyone any pointers on insurance companies that are good with kit cars?
I am sure people have already mentioned Adrian Flux (who I used for my MX250 pre-paint), they did me 220 quid on 5000 miles a year. Currently insured with EA Davies (Northern Ireland based company but may cover mainland GB) who did me a 3000 mile policy on a 10K valuation with legal cover and breakdown for 150 quid. And when I said 'MX250 they knew exactly what it was, they guy even said 'Is that the Ferrari rep?'
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  #16  
Old 1st August 2018, 12:29
ned ned is offline
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I use d A Plan , there is a fella who works at their Bracknell branch called Henry who specialises in kit cars and attends Stoneleigh on a regular basis so is clued up on the different suppliers i paid 125.00 fully comp for my 250GTO (yep i know I'm old) and he even took the photos for the agreed value while we were at Stoneleigh for me

he's worth a try
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  #17  
Old 1st August 2018, 13:45
Mitchelkitman Mitchelkitman is offline
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Quote:
Originally Posted by daveytz View Post
Cheers for that, well the next instalment of the saga is that I ring the insurance company up to tell them I'm ready to get on the road and they have invalidated my insurance on the basis of me putting the body on and also said I'm not allowed to spray it!
I'd explained when I took the insurance out my plans and they said would be fine so a complaint has gone in.
Anyone any pointers on insurance companies that are good with kit cars?
Is your complain via the ombudsman? It's maybe worth asking for the tape of the original 'phone call - they say these can be used in evidence- so it works both ways?
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  #18  
Old 1st August 2018, 21:24
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Quote:
Originally Posted by ned View Post
I use d A Plan , there is a fella who works at their Bracknell branch called Henry
I would, except they don't seem to have a Bracknell branch in their directory...

https://www.aplan.co.uk/branch-finder
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  #19  
Old 3rd August 2018, 13:53
ned ned is offline
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try 01635874646 and ask for kit car dept Henry
good luck
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  #20  
Old 3rd August 2018, 19:46
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Quote:
Originally Posted by ned View Post
try 01635874646 and ask for kit car dept Henry
good luck
That would be their Thatcham branch that I normally deal with anyway.

My renewal came through at 280.

So I called them today and and they quoted 148 (includes business use) and then knocked off another 20 when I let them quote for my house insurance- result!!!

Thanks for the info- a beer is waiting.
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