Car modding insurance ramifications
03-05-2016 | 02:22 PM
#1
Thread Starter
Registered Member
Joined: Sep 2015
Posts: 263
Likes: 33
From: Temple, PA
Car modding insurance ramifications
Hi, I'm new to modding (never owned anything worth messing with), and I've got some questions regarding insurance. I'm just looking at bolt-on breather mods, but I'm wondering the following:
1) Can my insurance company deny a claim if they don't know the car is outside of OEM spec, if the mod had nothing to do with the accident. Something like rear-ending a car. Could an ins company say "we didn't know you had an after-market intake, you nullified the agreement, so we're not going to pay damages"? Are insurance companies likely to take such action?
2) Do most most people who mod inform insurance companies about modifications? Are insurance companies willing to insure something that is modded? I'm with USAA, does every company handle it differently?
3) On repair, I know many ins companies (unless you're paying a premium) will replace with refurb/generic parts. Has anyone successfully worked with a repair shop to pay the difference to get performance parts replaced?
4) If the car gets totaled, is there much opportunity to pull parts off it (swapping in OEM), or does the insurance company own it "as is" at that point?
Anything else I'm missing? Please don't mention anything that could get you into trouble down the road. Thanks in advance for the help!
1) Can my insurance company deny a claim if they don't know the car is outside of OEM spec, if the mod had nothing to do with the accident. Something like rear-ending a car. Could an ins company say "we didn't know you had an after-market intake, you nullified the agreement, so we're not going to pay damages"? Are insurance companies likely to take such action?
2) Do most most people who mod inform insurance companies about modifications? Are insurance companies willing to insure something that is modded? I'm with USAA, does every company handle it differently?
3) On repair, I know many ins companies (unless you're paying a premium) will replace with refurb/generic parts. Has anyone successfully worked with a repair shop to pay the difference to get performance parts replaced?
4) If the car gets totaled, is there much opportunity to pull parts off it (swapping in OEM), or does the insurance company own it "as is" at that point?
Anything else I'm missing? Please don't mention anything that could get you into trouble down the road. Thanks in advance for the help!
03-05-2016 | 03:08 PM
#2
Registered Member
Joined: Jul 2014
Posts: 1,301
Likes: 113
From: Tempe,AZ
I had Geico and my G was lowered and had wheels. Geico added that into the system and put 1k for my wheels and like some hundred for the lowering parts if I were to get it totaled they would imburse me for it, you shouldn't have any trouble insuring a modded car
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the_wolff (03-05-2016)
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the_wolff (03-06-2016)
03-05-2016 | 07:27 PM
#4
1. No. No.
2. No. Yes, for an additional premium. Basically all of them charge an extra premium that's a percentage of the cost of what you're insuring.
3. If you have a shop that works for you, you can often get OEM parts instead of aftermarket "equivalent" parts. Insurance won't pay for aftermarket performance parts unless you had them insured.
4. Often you can if you can access the car and work fast.
2. No. Yes, for an additional premium. Basically all of them charge an extra premium that's a percentage of the cost of what you're insuring.
3. If you have a shop that works for you, you can often get OEM parts instead of aftermarket "equivalent" parts. Insurance won't pay for aftermarket performance parts unless you had them insured.
4. Often you can if you can access the car and work fast.
The following users liked this post:
the_wolff (03-06-2016)
03-06-2016 | 07:21 AM
#5
Hi, I'm new to modding (never owned anything worth messing with), and I've got some questions regarding insurance. I'm just looking at bolt-on breather mods, but I'm wondering the following:
1) Can my insurance company deny a claim if they don't know the car is outside of OEM spec, if the mod had nothing to do with the accident. Something like rear-ending a car. Could an ins company say "we didn't know you had an after-market intake, you nullified the agreement, so we're not going to pay damages"? Are insurance companies likely to take such action?
2) Do most most people who mod inform insurance companies about modifications? Are insurance companies willing to insure something that is modded? I'm with USAA, does every company handle it differently?
3) On repair, I know many ins companies (unless you're paying a premium) will replace with refurb/generic parts. Has anyone successfully worked with a repair shop to pay the difference to get performance parts replaced?
4) If the car gets totaled, is there much opportunity to pull parts off it (swapping in OEM), or does the insurance company own it "as is" at that point?
Anything else I'm missing? Please don't mention anything that could get you into trouble down the road. Thanks in advance for the help!
1) Can my insurance company deny a claim if they don't know the car is outside of OEM spec, if the mod had nothing to do with the accident. Something like rear-ending a car. Could an ins company say "we didn't know you had an after-market intake, you nullified the agreement, so we're not going to pay damages"? Are insurance companies likely to take such action?
2) Do most most people who mod inform insurance companies about modifications? Are insurance companies willing to insure something that is modded? I'm with USAA, does every company handle it differently?
3) On repair, I know many ins companies (unless you're paying a premium) will replace with refurb/generic parts. Has anyone successfully worked with a repair shop to pay the difference to get performance parts replaced?
4) If the car gets totaled, is there much opportunity to pull parts off it (swapping in OEM), or does the insurance company own it "as is" at that point?
Anything else I'm missing? Please don't mention anything that could get you into trouble down the road. Thanks in advance for the help!
The following users liked this post:
the_wolff (03-06-2016)
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