Many classic car enthusiasts in Kansas purchase their vehicles with the intent of restoring them to their original glory. Restoration projects often take months or even years to complete. Once the restoration is finished, it’s important to understand how it affects your insurance. Marla Williams Agency can help you determine the coverage you need for your classic car policy.

Vehicle Under Construction

When restoring a classic car, you’ll need a special endorsement called "Vehicle Under Construction" or "Restoration Coverage." This endorsement can cover damage or theft of the vehicle, as well as the costs for parts, labor, and materials used in the restoration. Once the restoration is complete, you must inform your insurance carrier that your vehicle has a higher value.

Key Considerations

The Vehicle Under Construction endorsement is temporary. Being transparent with your insurance carrier is essential. Depending on your policy, the value may automatically adjust once the restoration is finished. However, many insurance companies require classic car owners to provide receipts as tangible proof of restoration progress and final value, along with photos. You may also need an independent vehicle appraisal to determine its worth and adjust your policy accordingly.

Higher Agreed Value

Unlike standard car insurance, which accounts for depreciation, classic car insurance is typically based on an agreed-upon cash value. After completing the restoration, you must agree on a new value with your insurance carrier. Your restoration work will be classified as either a factory-original restoration or a modification, depending on the type of work done. Either way, your vehicle will have a higher value, which may result in higher premiums. Being honest with your insurance carrier ensures better future coverage.

Learn how to fully protect your classic car at every stage of repair, restoration, showing, and more. Contact Marla Williams Agency, serving Kansas residents, to schedule an appointment.