What's up everyone, how yall doing? I am a new sponsor here and for my first real post wanted to give you some tips to save you some hassle and money when filing a claim for your modified Vette. Okay, let's get into it.

1) Don't Modify Your Car If Your a Bad Driver!

One of the companies I worked at insured only "high risk" drivers so they were real particular about any customization and I mean any. If you had a $100 deck or some cheap rims or even if your car was lowered they wouldn't even provide coverage. Their reasoning was if the driver is a "high risk", their only adding to that risk by increasing the value of the vehicle. So if your a bad driver, your likely with an insurance company that rapes you, so don't let the rape continue when you have to file a claim and you are denied or hit with insurance fraud for not telling them about your mods.

2) If you do Mod

Keep every receipt, repeat keep every receipt, this is a must! Claims adjusters are just as **** as message board moderators and will either deny your claim for the mod parts, hit you with insurance fraud or give you back a "actual value" for them. "Actual value" really means 50 to 60% depreciation of what you actually paid for the part.

Secondly, take pictures of your vehicle. This isn't usually a problem for Vette owners anyway lol. But take proper pictures of each mod ATTACHED to the car, not some part sitting on your garage floor or your Vette parked at a 90 degree angle in front of a sunset. Why? In insurance any part attached to the car is considered part of the car, duh, so therefore you are insured for it. So if you have a cd in your deck and your deck or car gets stolen, you can be covered for that $14.99 cd that's in your deck. I believe this only covers two cds, but you get the point.

3) Be nice as hell to your claims adjuster.

I never worked as an adjuster, but had friends in that department and they are a wild bunch. They also like all humans are prone to using their discretion. Read that again, discretion. This means even if your car looks like its going to compete in the Dakar rally, you MAY be able to get the full value for it in the event of a claim. But really you probably wont and will be hit with insurance fraud. But putting on the charm won't hurt.

Okay that's it for now, I hope you enjoyed it. Let the flaming begin. Btw Jim told me to post in here so flame him if anything haha.

 

No Flaming here! Welcome to the board!

Great information for all of us!

Andy Wheeler

 

Some good info. Thanks

 

Common sense.

 

Very good info.....

 

Thanks for the info but for what about some people that buy cars that have been modded before we bought them and don't have the reciets avaible will pictures suffice?

 

Thanks, but I have always figured that mod money is lost forever regardless if my ride is sold, wrecked or stolen...

 

thanks for the info

 

Do you do stated value insurance policies

 

Thank you for the info. Interesting.

Tim Glover

 

Nice info.

 

That's the best way to go if you can find the right agent!! Why are you worried your car is stock

 

That is because mine is a one of a kind stocker

 

I keep all my receipts,,,,,,,The I.R.S. thinks I have a 180 M.H.P. truck

 

good to know. thanks.

 

Good info, That's why I have a list and pictures of everything I've done to my car, and of course receipts.

 

Knowing to well how insurance companies operate, once your auto insurer find out about your supercharger and other high high power producing mod's, they will just to raise your rates.

I would really like to know if there is a separate "equipment" insurance policy for mod's that is completely independent from one's auto policy.

For example, I have an equipment insurance policy where my computers, photo-gear, and musical instruments are insured... this is completely outside my homeowners policy.

 

If you don't have receipts your just going to have to accept whatever your adjuster gives you for it if they give you anything at all.


And thanks to everyone for the big welcome. Rounds for everyone.

 

My wife thinks I spent about $1000 on my car. It would take an act of Congress to find my receipts if they still exist.

 

Good information, looks like I need to dig up my receipts. It's good to have a supporting vendor with insurance background.