Insurance for modified vehicals
#27
Join Date: Oct 2004
Location: Coal Region, MTC to be exact...heart of the coal region.
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with my insurance they said anything physically bolted to the truck and i have recipts for they will cover.
like my wheels, tail lights, etc...
the lift im unsure about but id assume not. as for getting into an accident with a lifted truck with another person...i heard they can not give u anything...
i know my friend had an late 90s dodge ram with 8"lift and 38s and before the insurance would cover his accident he had to remove the lift and stuff...crock of **** IMO...
like my wheels, tail lights, etc...
the lift im unsure about but id assume not. as for getting into an accident with a lifted truck with another person...i heard they can not give u anything...
i know my friend had an late 90s dodge ram with 8"lift and 38s and before the insurance would cover his accident he had to remove the lift and stuff...crock of **** IMO...
#28
Originally Posted by soccerjohn
You can always have them make a note on your policy that you have a few things that are added so that if anything happens, you will get paid for them. Thats what I did for my fiberglass cap and my WAGG Bar and KC's. I believe that there is an endorsement that can be added for customizable equipment. Doesn't cost more than maybe $5 if any.
#29
I look at it this way, if a vehical is totalled, and the insurence company is covering the STOCK vehical, ALL aftermarket parts are yours, and there fore you are free to remove. think about it... a car is worth $1000 the insurence company gives you $1000 for that car, but you have invested $1000 for initial cost of that car PLUS $500 for your extra goodies... so, the insurence gives you $1000 for a car you have invested $1500 in... waht is that extra $500 a gift? no, you take that $500 worth of parts off it.. since after all, that $500 is still yours, the insurence company never paid you for that $500, they paid you for the car, not the goodies.
#33
yall are makin it sound way harder than it is. talk to the insurance co and ask them about extended coverage or custom equipment coverage. yeah its gonna raise rates, but you are adding more coverage....you have to pay for it...no freebies. FMD had it right, you are insuring the stock vehicle and they dont have to replace or fix anything else. alot of companies do though, to allow slight modifications because they understand noone like to drive the same thing. i think i got alot of it...any other questions?
#34
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Originally Posted by NHBubba
But drivetrain mods effect the vehicle's handling and braking performance. This is when things start to get real.
I do not think it's outside of reason to imagine a situation where an insurance company refuses to cover damages because you were speeding in your highly modified, lifted truck wearing oversized mud tires, lost control on wet pavement, and smashed into another vehicle.
I do not think it's outside of reason to imagine a situation where an insurance company refuses to cover damages because you were speeding in your highly modified, lifted truck wearing oversized mud tires, lost control on wet pavement, and smashed into another vehicle.
O and zabeard. It's either SAS (solid axle swap) or SFA (solid front axle).
I'm probably not going to mess with telling insurance. Since the body will be fubar from tellico after 2 trips.
#35
#36
Yeah Jey, like you are never going to speed in that thing.. ever? Riiiight.
I think I broke three speed limits on my 1.5 mile bicycle ride to the office this morning..
Even still, **** happens. When it happens, your insurance co might not be too thrilled about your mods. I'd report the vehicle as highly modified and back off to liability only. Put it on a multivehicle policy w/ a POS whatever.. claim that is your daily driver and this is just a rec-vehicle. Close enough to compliance, yet still won't break you.
I think I broke three speed limits on my 1.5 mile bicycle ride to the office this morning..
Even still, **** happens. When it happens, your insurance co might not be too thrilled about your mods. I'd report the vehicle as highly modified and back off to liability only. Put it on a multivehicle policy w/ a POS whatever.. claim that is your daily driver and this is just a rec-vehicle. Close enough to compliance, yet still won't break you.
#37
Originally Posted by zabeard
when i get in a wreck im screwed. right?
You'd have to sue InsureCo for breach of contract. They're going to show HizHonor the clause that defines disqualifying modifications.
Last edited by AeroDoc; 11-08-2005 at 07:52 PM.
#38
Well, I just got off the phone with my insurance agent.
I told him that I might very possibly be making extesive suspension modifications to the front end of the vehicle. As in the stock suspension will no longer be there. He told me that it would still be covered and my rates would stay the same. He also said that since im doing this for offroading and that theres chances of a rollover I migh consider changing my insurance since the rollover wont be convered off road (obviously). He said he even wanted to see this "beast" when I was done.
Hes a good freind though and he rents space from my dads building, so it may be dfferent for everyone else, I dont know...
I urge everyone to call up their insurance agents and see what they say, and we can compare...
discuss
I told him that I might very possibly be making extesive suspension modifications to the front end of the vehicle. As in the stock suspension will no longer be there. He told me that it would still be covered and my rates would stay the same. He also said that since im doing this for offroading and that theres chances of a rollover I migh consider changing my insurance since the rollover wont be convered off road (obviously). He said he even wanted to see this "beast" when I was done.
Hes a good freind though and he rents space from my dads building, so it may be dfferent for everyone else, I dont know...
I urge everyone to call up their insurance agents and see what they say, and we can compare...
discuss
#39
when my buddy built his bobbed scrambler from the ground up. All he did was take pics of the build and kept all receipts then when he was done all he did was went down to insurance co. and had it insured for what he had total invested in it. I know his jeep cost him about $25000 to $30000 to build (did all the work himself) and full coverage on his jeep is not that much to insure, less then a grand a year. I also believe he insured it as a vehicle that sees less than 5000 miles a year.
#41
#45
Since this old thread has been brought back from the dead i have a question. I got a chip in my windshield,and my insurance window deductible is $500. They said if i get it replace myself i can bring my truck up they will go out and see it to prove its replaced and for a extra $40 every 6 months i can get my deductible down to $50. As far as they know my truck is bone stock. If they see that my truck is double lifted could they raise my rates or drop me??
#46
#50
Progressive will cover modifications.
For example on my quad:
I unsured it for stock: I get KBB for it if its wrecked or stolen.
Then I also added 3grand for modifications: I get KBB + 3k for extra parts.
Only problem with this comes extra fees. But it was on like $10 a year for my quad.
They do the same thing for vehicles
For example on my quad:
I unsured it for stock: I get KBB for it if its wrecked or stolen.
Then I also added 3grand for modifications: I get KBB + 3k for extra parts.
Only problem with this comes extra fees. But it was on like $10 a year for my quad.
They do the same thing for vehicles
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