Insurance while restoring

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Insurance while restoring

Postby RogerT » 27 Jun 2018, 13:28

Hi folks
Can anyone indicate a good reason for insuring a vehicle while I am proceeding with restoration at home? My thoughts are that the vehicle has minimal value while it’s in bits, and panels/chassis components are being replaced. I’m asking as my van is due for renewal, and it’s in bits (see rustoration thread)
Cheers
Roger
'88 Transporter with hitop camper conversion, 1.6td.
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Re: Insurance while restoring

Postby 937carrera » 27 Jun 2018, 14:48

Continuous insurance requirements mean the van has to be insured unless it is SORN'd

To be SORN'd vehicle has to be on private land

Don't let insurance run out and leave vehicle taxed, you'll get a fine.

Why insure ? - To cover theft or accidental damage. Laid up cover is available to provide this, cheaper than a normal classic policy.

On the other hand, if you think risk of theft is low and you are willing to accept the risk of accidental damage, self insure and save the premium. My project isn't insured, but it is SORN'd
1981 RHD 2.0 Aircooled Leisuredrive project, CU engine
1990 RHD 1.9 Auto Sleeper with DF/DG engine
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Re: Insurance while restoring

Postby hightop ratty » 27 Jun 2018, 14:57

you can get laid up cover (for restoration purposes) - probably more fire risk whilst working on the restoration.
Also includes tools & parts etc
I always have a :shock: :shock: "REALLY" moment when talking to other camper / classic (& even modern vehicles) of people taking them "off cover" as they aren't actually driving it - even though some are worth £,000's
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Re: Insurance while restoring

Postby RogerT » 27 Jun 2018, 17:53

Thanks folks, never heard of laid up cover but that makes sense. It is on private land, in a locked garage, not visible from the road, but you never know.

I’ll look into it.
'88 Transporter with hitop camper conversion, 1.6td.
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Re: Insurance while restoring

Postby 937carrera » 27 Jun 2018, 22:22

You've got a PM Roger
1981 RHD 2.0 Aircooled Leisuredrive project, CU engine
1990 RHD 1.9 Auto Sleeper with DF/DG engine
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Re: Insurance while restoring

Postby campervanster » 28 Jun 2018, 09:40

RogerT wrote:Thanks folks, never heard of laid up cover but that makes sense. It is on private land, in a locked garage, not visible from the road, but you never know.

I’ll look into it.


Hi Roger, we can do laid up cover at Classicline, covers against accidental damage, fire and theft. Ideal if in a garage undergoing restoration. Prices start at just £48 for 12 months.

Feel free to call the office on 01455639000

Cheers
Christian
1.9 DG 1987 T25. Insurance advisor at Classicline. Personal blog at http://www.campervanster.com/
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Re: Insurance while restoring

Postby RogerT » 28 Jun 2018, 21:00

:ok
'88 Transporter with hitop camper conversion, 1.6td.
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