Update insurance coverage after doing mods?
Thread Starter
Racer
Joined: Dec 2005
Posts: 270
Likes: 1
From: Springfield OH
Update insurance coverage after doing mods?
Is there a good reason to update the vette's coverage after mods installed or a good reason not to update the coverage? What have you done? 
Just wondering so that if something did happen I don't
when I find out that the mods are not covered 
and I'll have to invest again.
Just wondering so that if something did happen I don't
when I find out that the mods are not covered and I'll have to invest again.
Team Owner
Joined: Feb 2003
Posts: 37,329
Likes: 12
From: Plano Texas
CI 6-7-8-9 Veteran
CI-VI Car Show Winner
St. Jude Donor '07-'08-'09-'10-'11-'12-'13
There are reasons to increase coverage - depending on your coverage needs.
Both mine are covered by "Agreed to Value" policies.
It is expensive (approx 2x what it would cost w/o it) but if the Verts are damaged beyond repair/stolen, not recovered, it will be worth the costs.
So, it will depend on how much $$$$$ you can aford NOT to cover in case of total loss.
Both mine are covered by "Agreed to Value" policies.
It is expensive (approx 2x what it would cost w/o it) but if the Verts are damaged beyond repair/stolen, not recovered, it will be worth the costs.
So, it will depend on how much $$$$$ you can aford NOT to cover in case of total loss.
Supremacy 1 car at a time
Joined: Jul 2006
Posts: 1,683
Likes: 0
From: West Chester Pa
After I did the build I put aftermarket insurance of the amount I had into the car. Made the price jump considerable but better to have it and not need it then need it and not have it.
Melting Slicks
Joined: May 2000
Posts: 2,974
Likes: 5
From: CenTex Texas
Most will cover the mods if you tell them about it and have proof it was done, however only at the present value (ie. not what you paid for it). Also it will increase your rates.
Your best bet is to go with a Ins company that will give you "agreed value".
Your best bet is to go with a Ins company that will give you "agreed value".
Pro
Joined: Oct 2006
Posts: 706
Likes: 0
From: Clearwater FL
How do they determine what the value of old mods are? Like headers that are a year old, are they worth half their value? Is there a Kelly blue book for Mods??
Instructor
Joined: Apr 2005
Posts: 159
Likes: 0
From: Phoenix Az
What "mod friendly" insurance companies do you guys have? Mine told me if I put any aftermarket parts on my car they would not insure me (American Family). I don't think I've ever had a car I didn't heavily modify, so I don't like hearing that.
