Do you tell your insurance company about mods?

[Angus]

I've been thinkinag about this after every time I talk to Geico about my coverage, they ask if it has any modifications to it. Is this to provider extra coverage on those parts or does it bump me up to a higher (more expensive) risk level?

anyone else have their insurance companies ask this and/or tell them about the modifications for coverage reasons?

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[skeezer]

 

[99PONTIACGP]

Im sure it'll help if the car is stolen, so you can get reimbursed for those parts

 

[EmersonHart13]

If you don't tell them you won't get money. My brother had this problem when his stereo system was jacked. So he added an add on policy for it.

 

[Angus]

Im sure it'll help if the car is stolen, so you can get reimbursed for those parts

If you don't tell them you won't get money. My brother had this problem when his stereo system was jacked. So he added an add on policy for it.

Yeah, that's what I'm worried about... If the car were to be total, it would be nice to be covered for the bigger cost mods...

 

[EmersonHart13]

Might not be a bad idea to get a quote from another company first to do a little unofficial comparo.

 

[99PONTIACGP]

If you don't tell them you won't get money. My brother had this problem when his stereo system was jacked. So he added an add on policy for it.

Do they ask for receipts when adding it on whats covered?

 

[10sec]

Almost always parts are somewhat salvageable, you can demod yourself and not pay all that extra money insuring parts.

 

[99PONTIACGP]

Almost always parts are somewhat salvageable, you can demod yourself and not pay all that extra money insuring parts.

Not is the car is stolen

 

[EmersonHart13]

I believe they just asked how much and then you pay a portion. Kind of like insuring a package..?

 

[99PONTIACGP]

I believe they just asked how much and then you pay a portion. Kind of like insuring a package..?

Ok... because I seem to have "misplaced" the receipt for my In-dash TV in my car and havent told the insurance about it... little worried about that.

 

[10sec]

If you want your money back for what the parts are worth it's almost double the insurance payment every month. If it was worth the extra money to insure than yea but a 4-5k turbo kit wouldn't qualify (not sure if that's how much angus paid)

It's a mustang i wouldn't worry about it being stolen j/k j/k

 

[EmersonHart13]

Ok... because I seem to have "misplaced" the receipt for my In-dash TV in my car and havent told the insurance about it... little worried about that.

I don't recall him saying he had to turn in receipts, but when you make the claim you might have to?!

 

[Turk]

I wouldn't, your premiums will go up.

 

[Angus]

talked to my insurance guy about this and he said it's basically just add-on insurance. You are then paying insurance for $X valued customized parts. So of course your premiums will rise b/c you are insuring something more valuable...

He even gave me a quote for $2000 rims and it wasn't that much more...

 

[10sec]

waste

 

[Angus]

Yeah, I agree now.

 

[99PONTIACGP]

Gay :thumbsdown:

 

[blakbearddelite]

I know there have been several threads on this, but I'm also too lazy to look them up. There are a few issues with heavily modded cars. I'm not talking something with a smaller pulley and some fancy blue lights.
I was told that you run the risk of them not insuring your car at all if you wreck it and it comes to light that it was highly modified. Some companies won't even insure it. I find it ridiculous because my car is no different than a pullied Cobra and they'll insure those cars. I wouldn't mind paying a little more in premium if it meant that my mods were insured. State Farm's official policy was to not cover my mods even with receipts. But the branch owner told me he'd honor it anyway, but wouldn't put it in writing. So I pretty much assumed he'd eff me over if anything happened.

 

[blakbearddelite]

I'm not as worried about it as I used to be since everything that is on my car (including the car itself) is paid off. If I was lucky, I'd get maybe $8k to roll into the next car. But it would still suck to lose the $$$ I've sunk into this car.

 

[Angus]

didn't think of that... maybe I should tell them about it so if something does happen, they will know the car is modified and will cover it...

 

[blakbearddelite]

It's all a giant gamble.

 

[EmersonHart13]

Yes it is, I think my brother added it because he was left high and dry when his car was cleaned out. He no longer carries the extra policy for his subsequent 2 cars.

 

[skeezer]

I just talked to my insurance lady; they have a 'show car' policy for cars that aren't driven all year long. Receipts and pictures is what I would need to back it up if something ever happened.

 

[Bob Kazamakis]

Yes it is, I think my brother added it because he was left high and dry when his car was cleaned out. He no longer carries the extra policy for his subsequent 2 cars.