What kind of insurance would cover all the hook up and mods on my car?... does it even exist... what does it cost?

 

I would think that would demand a mad ammount of cash on payments.

 

I think so too... but if the car has like 7 k in mods isnt that worth an addition hundred or so a month?

 

I would say, if you have that much in mods and have the money I would def. get it. The thing is, are'nt alot of the mods and bolt-ons we put on our cars illegal, just not enforced? I was told my bolt-on muffler was illegal when I got a speeding ticket. I don't see how an insurance company would ensure parts that are technically illegal. I would say just call your insurance co. and find out.

 

they are not really illegal. dont get me wrong some parts are. but my audio system, rims, tires, spolier, fogs, euros, intake, exhaust, and soon to be header or suspension system are far far far from illegal.... nitrus... hmmm now that is a different story all together

 

The audio system of your car may be covered under your homeowners or renters insurance. It falls under personal property protection. Check with your company to be sure. No matter who covers (home or auto) document what you have as a record just in case of a loss. As for auto insurance the only way to guarantee coverage is an agreed value or declared value policy. Usually these policies can be quite pricey. Relize also that disclosing performance modifications may dramatically increase your coverage cost even without the declared value option. Depending on you age, location and driving record performance modifications may cause you to be considered "high risk" or uninsurable. Another avenue to investigate is some type of rider policy on either the car or homeowners/renters insurance policy. I have such a rider that covers some very expensive jewelry and a bicycle. Just some different options.

 

If you call your insurance and have receipts for things you've purchased, they will usually amend them to the value of the vehicle. Expect a rate hike (duh). Some companies will issue an additional 'policy' of the value for more $$.

 

talk to your insurance company. They may insure you for it. You will need recepts to back up your claims on how much you spent on the mods.

 

I asked about this once... From what I remember, it was a flat rate of like $20 cdn./mo. and all I had to do was bring in receipts. Keep in mind that if an adjustor appraises your damaged vehicle and takes note that it has been 'modified', technically he can flat out say, "this isn't the car we were insuring." and walk away. Then you're in a real pickle. I knew a guy that dropped a 5.0 in his 4-banger Mustang and crashed it (go figure)... he had never told his ins. co. This is exaclty what happened. Now, I know adding perf. parts to an existing motor is an entirely different animal. But, I'd rather err on the side of caution, than be left holding the bag by my ins. co.

 

Most insurance companies have "aftermarket parts coverage" beyond the normal policy.