How to Insure a Kit Car in Massachusetts

Instructions

1. 1

   Get an appraisal for your vehicle. Because you have built this vehicle from the ground up, you will need to get an expert to certify the value in writing. He will take into account the condition of the car as well as any special components or parts that you have added to the vehicle. Be sure to use a local appraiser from Massachusetts as the values of automobiles vary slightly throughout the country based on ZIP code.

2. 2

   Contact an insurance company that specializes in kit cars and hobbyist items. Both companies Hagerty and American Collectors specialize in insurance for collectible and kit cars. They provide insurance nationwide. Also, Liberty Mutual, which is located in Massachusetts, will provide kit car insurance as well.

3. 3

   Purchase an insurance policy. Using the appraisal, insure your vehicle for the value as well as the minimum collision requirements according to Massachusetts state law. Bodily injury has a minimum of $20,000 per individual and $40,000 per accident, while personal injury of at least $8,000 must be carried. Property damage coverage of at least $5,000 must also be covered. You can purchase policies well above these requirements; these are the minimums.

4. 4

   Pay the premium. Many insurance companies allow policyholders to pay yearly, bi-yearly, or on a five out of six month cycle where the policyholder skips one month every five. Choose the plan that makes the most sense for your lifestyle. Once the premium has been paid, you may contact the state Department of Motor Vehicles to set up an inspection.

Similar Posts:

• Auto Insurance Codes in New York State
• Is Car Insurance Required in New Hampshire?
• Why Do You Need Automobile Liability Insurance Coverage
• Why Many State Auto Insurance Requirements Include Liability Coverage
• Regulators recommend additional auto insurance coverage

Posted in Car Insurance Online