Car insurance for modified cars
01-25-2006, 02:40 PM
#16
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I/H/E
adjustable coil overs
projectors
HID kit
cry02 kit
grounding kit
front + rear strut bar
sway bar end link kit
body kit and CF hood on the way..
After just mentioning I/H/E and suspension work, all companies flat out say they wont insure me. I'm guessing if I decide not to tell the insurance company about my mods, and I make a claim (someone asshat isn't paying attention on the freeway and hits my car for example) when the adjuster comes out to see the damage, they will either cancel my insurance since I neglected to mention the mods, or will keep me on, but wont pay for any of the damage. I've asked these companies if they could put together a contract that lets me release them from the liability of replacing my modified parts, and only require them to repair my car with stock parts, but no go.
Man, I didn't know Canuckia was a communist country.
j/k.
adjustable coil overs
projectors
HID kit
cry02 kit
grounding kit
front + rear strut bar
sway bar end link kit
body kit and CF hood on the way..
After just mentioning I/H/E and suspension work, all companies flat out say they wont insure me. I'm guessing if I decide not to tell the insurance company about my mods, and I make a claim (someone asshat isn't paying attention on the freeway and hits my car for example) when the adjuster comes out to see the damage, they will either cancel my insurance since I neglected to mention the mods, or will keep me on, but wont pay for any of the damage. I've asked these companies if they could put together a contract that lets me release them from the liability of replacing my modified parts, and only require them to repair my car with stock parts, but no go.
Man, I didn't know Canuckia was a communist country.
j/k.
01-25-2006, 05:35 PM
#19
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facility (sp) meaning super high risk...every insurance co- has it
ie exremely bad record, etc etc...
insurance has to be available to everyone and evry car, even though some turn u down othres have to take you...
ie exremely bad record, etc etc...
insurance has to be available to everyone and evry car, even though some turn u down othres have to take you...
01-25-2006, 10:48 PM
#20
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Originally Posted by fury
I'm guessing if I decide not to tell the insurance company about my mods, and I make a claim (someone asshat isn't paying attention on the freeway and hits my car for example) when the adjuster comes out to see the damage, they will either cancel my insurance since I neglected to mention the mods, or will keep me on, but wont pay for any of the damage. I've asked these companies if they could put together a contract that lets me release them from the liability of replacing my modified parts, and only require them to repair my car with stock parts, but no go.
Man, I didn't know Canuckia was a communist country. j/k.
Man, I didn't know Canuckia was a communist country.
j/k.
01-25-2006, 11:59 PM
#22
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In here Insruance is there so these companies can make huuuuuuuuge profits (300% increase in pure PROFIT 2 yrs ago) and so that if you do hit some poor guy and he gets ed up, he gets alot of money.
Either way you look at it its ing BS. I got quoted 9-10k a year because I have 1 accident and am 19yrs old! insurance the whole industry, I hope some of these s have heart attacks and ing die!
Either way you look at it its ing BS. I got quoted 9-10k a year because I have 1 accident and am 19yrs old! insurance the whole industry, I hope some of these s have heart attacks and ing die!
01-26-2006, 01:22 AM
#24
Beaner, The One And Only
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Facility Association insurance is only offered by ING, Co-op, and Royal & SunAlliance, all other companies just contribute to the reserves. If you have a proper appraisal WITH a safety certificate, most companies will insure you, plus a pleasure rating (low km's per year) really helps. You never ever want to be in Facility, trust me, your in there for two reasons: bad credit history or a bad driving record, not for a modified car.
19yrs old and 1 accident is a HUGE risk for almost any company to write, to them if you have an at-fault claim at that early age you most likely will have more as you age.
As for the ins. company paying out for mods you didn't tell them about, no they will not cover it all. Think about it, you say you have a mustang and pay $250 a month, then a claim some time after, comes in saying the vehicle is heavily modified and is worth $25k. You only paid for what you told them you had which resulted in the $250 premium, thats what you'll get, book value excluding ALL mods.
19yrs old and 1 accident is a HUGE risk for almost any company to write, to them if you have an at-fault claim at that early age you most likely will have more as you age.
As for the ins. company paying out for mods you didn't tell them about, no they will not cover it all. Think about it, you say you have a mustang and pay $250 a month, then a claim some time after, comes in saying the vehicle is heavily modified and is worth $25k. You only paid for what you told them you had which resulted in the $250 premium, thats what you'll get, book value excluding ALL mods.
Last edited by 1cam8valves; 01-26-2006 at 01:27 AM.
01-26-2006, 12:49 PM
#25
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Originally Posted by 1cam8valves
If you have a proper appraisal WITH a safety certificate, most companies will insure you, plus a pleasure rating (low km's per year) really helps.
As for the ins. company paying out for mods you didn't tell them about, no they will not cover it all. Think about it, you say you have a mustang and pay $250 a month, then a claim some time after, comes in saying the vehicle is heavily modified and is worth $25k. You only paid for what you told them you had which resulted in the $250 premium, thats what you'll get, book value excluding ALL mods.
As for the ins. company paying out for mods you didn't tell them about, no they will not cover it all. Think about it, you say you have a mustang and pay $250 a month, then a claim some time after, comes in saying the vehicle is heavily modified and is worth $25k. You only paid for what you told them you had which resulted in the $250 premium, thats what you'll get, book value excluding ALL mods.
01-26-2006, 05:51 PM
#26
Beaner, The One And Only
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Originally Posted by fury
And this is the problem. I want to at least have my important stuff covered (stereo, etc) and not get screwed with having my policy being cancelled because I didn't tell the insurance company about mods. The only problem is, I'll never be able to get an appraisal and safety cert to them since they will flat out not insure me. So how about this... Has anyone ever had to make a claim with their insurance company, had an adjustor come out, see that its a modified car, and not have a problem with it? if so, what company are you with?
Remember just insure what you want insured, if you don't want the wheels i.e. to be covered be prepared to never claim them for any loss.
01-27-2006, 12:04 AM
#29
Beaner, The One And Only
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Originally Posted by Nastyzed
A little off topic but icam8valves post some more pics of that daytona!
Here's a pic of one almost identical to mine, I've got different rims/decals though:
01-27-2006, 12:40 PM
#30
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Originally Posted by BBProductions
have a car? pay insurance..
want a moded car? ay insurance...
don wanna pay high rates, then take the tcc or walk...
these threads always come up...
want a moded car? ay insurance...
don wanna pay high rates, then take the tcc or walk...
these threads always come up...