Insurance broker Footman James has created a policy aimed at enthusiasts who are restoring or storing their classic vehicle.

Devised to go beyond simple off-road or laid up cover, its Restoration, Storage & Transit insurance policy provides third-party cover to a vehicle while it’s in the garage, in transit to or from a restorer, at a race preparation facility, or at a competition or exhibition.

Salvage retention and cover for tools up to the value of £250 is included as standard, with the option for customers to increase the value of their vehicle twice within a policy year with no admin charges, and the chance to cover a vehicle’s spare parts and accessories up to the value of £2,000, £5,000 or £10,000.

Plus, holders of this policy can cover a mix of vehicles, both classic and modern, up to the value of £50,000.

David Bond, Managing Director at Footman James, said: “With our new policy, customers can be confident that they can get cover for the true value of their vehicle if the worst should happen mid-project.”

For further information contact 0333 207 6000 or visit Footman James