I was wondering if any of you put all your mods under your insurance...(those w/ full coverage) - and if not, if something were to happen...would yall basically be screwed?

 

someone...please?

 

depends on your insurance, but generally, if you don't tell them, they only gonna give you $ for OEM parts... most insurances frown on stuff such as NOS... however, if you get into an accident and it's the other guy's fault, they should give you $$$ for all your mods, as long as you have receipts and such...

 

sometimes they give you a percentage of what it cost. Also, Ive heard that if your insurance company doesnt know of something like a motor swap or something extreme like that, if you were to get into an accident, your fault, they wouldnt cover you...Thats what i heard though...


Eric

 

My carbon fiber hood, wheel, tire, strobes, and HID were covered under insurance when I slid into a guard rail last summer. I called to add all the things on my car and my insurance company said no matter what I do they cover the car as is. I also pay out **** though.

 

same as Sadler, kinda... I carry a rider on my insurance (Progressive) for $3000 worth of custom parts. No, that doesn't even BEGIN to cover everything on this car, but if I'm in a wreck and it's my fault, that rider will at least cover anything that I break. when I get the turbo on, I may go another $1000 up on it or so.
only problem is they like to try to add depreciation on there if you make a claim, but their policies are always spelled out somewhere in black and white. mine actually covers "replacement cost" --- i.e. the Precision Power amps in my trunk are 7 years old, but if they get stolen/damaged in a wreck, they must replace them with a like substitute. since the PPI amps aren't available anymore, I have to replace it with something of similar quality and power output- which STILL costs $1500 for a 1200W PPI amp. get my drift?


but the big issue is what insurance company you use. some factor in depreciation, some go by replacement cost.

 

Matt, is your insurance company local or nationwide? LMK who it is if you don't mind.

 

Do you have to provide receipts to progessive or do they take your word that its $4000 worth of equipment? Do you have to mention you have a turbo on it?

 

So even if I don't tell the insuance co. about my mods if someone else causes an accident I should get reimbursed for them?

I do not want to pay any more for my insurance than I already do, so I do not want to tell my insurance company about my mods. If I have an accident that is my fault I am willing to take the loss on my mods. But if someone else causes an accident I think they should pay for my Max + mods, is that how it would work?

 

I asked my insurance company and her answer was pretty clear... "if you bought a $10k TV and had it in the trunk and someone rear-ended you do you think they should pay for the TV?" Of course I said "yes" and she said "you're right, the other person's (collision/liability/comprehensive -- I always forget which) covers it."

and to the question above, insurance companies NEVER "take your word." You MUST have receipts