Insurance Issue with FI or Engine Mods?
Thread Starter
Drifting
Joined: May 2015
Posts: 1,525
Likes: 391
From: Martinez CA
Insurance Issue with FI or Engine Mods?
OK, I have to ask this seemingly stupid question; if I install a s/c what happens with my auto insurance? I have an umbrella policy and wouldn't want to be voided if I blew a tire and crashed in to a buss full of nuns...and they discovered the mods.
Help me understand please
Help me understand please
Le Mans Master
Joined: Apr 2011
Posts: 7,820
Likes: 411
From: Montreal
St. Jude Donor '13
All insurance policies state that any modifications must be reported. Technically if not reported the policy could be voided due to breach of contract.
Now someone will come in and say they didn't report mods and had no problems getting paid.
I guess it depends how lucky you feel......
Now someone will come in and say they didn't report mods and had no problems getting paid.
I guess it depends how lucky you feel......
Drifting
Joined: Jul 2006
Posts: 1,786
Likes: 93
From: Charlotte N.C.
It's playing the odds. My premium went up by 50% when I told them. I switched companies and decided for the amount of time the car is driven I will chance the fact that I did not say my car was turbocharged. Any body work should still be covered as it is basically stock. If the engine gets damaged I doubt I would get the money required to rebuild like it is today anyway.
Race Director
Joined: Oct 1999
Posts: 14,109
Likes: 127
From: www.ncminsurance.com Bowling Green KY Home of the Corvette!
CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
St. Jude Donor '07-'08
NCM Sinkhole Donor
Why play the odds when you can have coverage that accounts for the mods? We insure some super modified cars, even with nitrous. Many companies stay away from nitrous.
If you have an accident, you will have the modifications replaced vs stock parts.
Let me know if you have any questions.
Adam Boca
www.ncminsurance.com.
877.678.7626
If you have an accident, you will have the modifications replaced vs stock parts.
Let me know if you have any questions.
Adam Boca
www.ncminsurance.com.
877.678.7626
Racer
Joined: Nov 2014
Posts: 418
Likes: 34
From: Kissimmee Florida
St. Jude Donor '16
Why play the odds when you can have coverage that accounts for the mods? We insure some super modified cars, even with nitrous. Many companies stay away from nitrous.
If you have an accident, you will have the modifications replaced vs stock parts.
Let me know if you have any questions.
Adam Boca
www.ncminsurance.com.
877.678.7626
If you have an accident, you will have the modifications replaced vs stock parts.
Let me know if you have any questions.
Adam Boca
www.ncminsurance.com.
877.678.7626
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Drifting
Joined: Sep 2010
Posts: 1,259
Likes: 18
From: Dallas Texas
Phoenix insurance in Dallas has mine on a stated value policy through Grundy. It's not very expensive either if it's classified as a recreational vehicle and not a daily. They also do track policies now, even for airfield events. Those cars are heavily modified.
Le Mans Master
Joined: Jan 2009
Posts: 5,656
Likes: 112
From: ocean springs mississippi
....I guess I will not say anything after I turn up the wick....
Race Director
Joined: Oct 1999
Posts: 14,109
Likes: 127
From: www.ncminsurance.com Bowling Green KY Home of the Corvette!
CI 1-2-3-4-5-6-7-8-9-10-11-12 Vet
St. Jude Donor '07-'08
NCM Sinkhole Donor
Melting Slicks
Joined: Jan 2010
Posts: 2,103
Likes: 21
From: Lubbock TX
Adam @ NCM helped me out with the policy on my Z06. It was the only insurance company that called my built motor 1000hp Vette with nitrous "awesome" haha.
The agreed value policy I have with them helps me sleep well at night. You can not daily drive the car but I never did anyhow. Here is what I was told was "ok". Maybe Adam can touch on this.
-Car shows, meets, and club events
-Normal cruising around within a set yearly mileage limit
-It is covered while traveling on a trailer, even when going out of town and staying at a hotel
-Stopping at the convenience store when you need to pick up milk on your way home is still ok
-Driving with the lady to get ice cream
What you can't do is do things like drive to work or leave it sitting in a movie theater parking lot on a date night.
The agreed value policy I have with them helps me sleep well at night. You can not daily drive the car but I never did anyhow. Here is what I was told was "ok". Maybe Adam can touch on this.
-Car shows, meets, and club events
-Normal cruising around within a set yearly mileage limit
-It is covered while traveling on a trailer, even when going out of town and staying at a hotel
-Stopping at the convenience store when you need to pick up milk on your way home is still ok
-Driving with the lady to get ice cream
What you can't do is do things like drive to work or leave it sitting in a movie theater parking lot on a date night.
Last edited by EX1; Jan 30, 2016 at 10:17 PM.