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Thread: Murcielago Kitcar Insurance

  1. #1
    Junior Member
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    May 2011
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    Murcielago Kitcar Insurance

    What happen if you built a Lamborghini Murcielago kitcar but you have a real Murcielago engine in it, will the cost of insurance be the same as a kitcar insurance? ???

  2. #2

    Re: Murcielago Kitcar Insurance

    The insurance company will want an appraisal. If you register it as a kit it should be cheap insurance.
    The engine is virtually never an insurance item on a home built car.
    I just appraised a Diablo with a V12 BMW at $80,000.00, insurance is $900.00 a year with 5000km limit.

  3. #3

    Re: Murcielago Kitcar Insurance

    Quote Originally Posted by jdinner
    The insurance company will want an appraisal. If you register it as a kit it should be cheap insurance.
    The engine is virtually never an insurance item on a home built car.
    I just appraised a Diablo with a V12 BMW at $80,000.00, insurance is $900.00 a year with 5000km limit.
    You must get an appraisal. Not only for your insurance, but to help you if you get hit. The last thing you want to have happen is for someone to run a light and total your car and have the other insurance try to give you $500 for a Fiero. Getting insurance is not as hard as you think. There are a lot of specialty insurance companies like Hagerty. The most important thing to know is that you want "stated value" and not "book value". Stated value means that you agree on a price (usually the appraised amount) before hand and if anything happens, you get a check. Book value means that the insurance company looks up the value of the car in a book. This usually does not work out well for you.

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