saplumr

It's a pretty simple process. If you don't add mods to your policy don't expect to be covered beyond stock vehicle parts.

realcanuk

Its not that simple. If you add performance mods, example supercharger, and don't tell your insurance, they can refuse the claim totally.

saplumr

How did you come to that conclusion?

realcanuk

I actually confirmed this by asking my broker, after a friend was refused a claim. You should check with your broker, but there are many related articles about it, and stories of refused claims.

http://www.custom-car.us/insurance.aspx

saplumr

I carry a commercial policy along with my personal line. Me and my carriers have no secrets and it's been that way for 32 years. I still say if you don't have a good communication line with your carrier you get what you get or what you deserve. All insurance companies are not the same or equal.

realcanuk

Buddy, I am not arguing with you. I am only sharing information. The simple fact is that if someone has an accident (and has unreported mods), and the appraiser is sharp enough to notice, chances are quite good the claim could be refused. Is that worth the chance? Only you can decide.

saplumr

Well it's certainly not worth it to me and this can be debated from now on but I'll give you 2 examples of the flaw in this theory. You run a red light and t-bone a car. Your carrier says no coverage due to aftemarket parts. At that point not only will the carrier cover all damages but also cover attorney and court costs. The next example happend to us. My daughter had a show car valued at $80K. On the national level you don't win the following year with the same car. We take it to a mod shop in PA 550miles from us. They have the car for 9 months and completely strip and destroy the car. (No need to get into specifics) After 4 years we put the guy in jail for a total of 3 months. Moral is if you want to be a criminal PA is the place to be...crooks run free. Anyway, our carrier says no coverage due to the fact we willingly took the car to them. Long story short within 1 week of attorney envolvement car paid in full plus attorney fees. Insurance Co's are in business to make money but a lot of the time they don't have the final say.

LS WON

QUOTE=saplumr;1580020749]Your insurance co has to pay what your car is worth. Just because KBB or NADA doesn't have values beyond 1990 shouldn't affect what it's worth. A 23 year old car may not be worth covering depending of course what your ins co states the actual value of the vehicle is. If it worth 3-4K it's still worth insuring. Everyone should know what the value of all there vehicles are.[/QUOTE]

They only go by blue book as I brought in ads for what my car was selling for which they didn't consider and this went to the supervisor in claims. got refused a few time.
So simple thing to do was drop all existing coverage and have what is minimal by law.

MTsVette

My insurance coverage on my 2006 AW A6 3LT coupe is only $728 a year

Just sayin...I hope that's good...

MT

saplumr

[QUOTE]They only go by blue book as I brought in ads for what my car was selling for which they didn't consider and this went to the supervisor in claims. got refused a few time.
So simple thing to do was drop all existing coverage and have what is minimal by law.[QUOTE]

The dealers use the Black Book and it is very closely guarded. I'm surprised your carrier doesn't use the same but of course they must go by retail values. The negative side of going with minimum liability required by law is you can put yourself in a compromising situation and lose everything you own. Quite a risk. BTW...I can't get the quote thingy to work right at all.

JockamoIPA

I would highly recommend calling Adam Boca at NCM Insurance - yes that's thru the museum. Just google it.

$422/yr for 100/300/100 all bells and whistles and $250 deductible in southeast Louisiana!!! That's incredible trust me.

Caveats:
1. Car is garaged
2. 4000 miles annual limit
3. 9-5 option allows additional miles to drive to work twice a week throughout the year.

Couldn't be happier!

Thanks Adam and NCM Insurance.

lh4x4

Just changed from Grundy now that they have been taken over by Phly last October and have ran between totally incompetent to criminally negligent. Went to NCM insurance. Two C6's full coverage $381/yr!!!!!!!!!

Tried starting in Oct 2011 with Phly to change the agreed value on the Vettes to make the Jan 1 renewal date. Dozens of e-mails and phone calls and to this date they never sent me a new policy with the insurance cards with multiple promises to do so. No matter what rep that I talked with ever did what they said they would do. I was told things like the person that did that was on vacation, they were swamped and in chaos ( first honest answer from a rep), they could not find my file so call back latter ( it is on a computer in front of them), they did not have my e-mail address ( they had it for the previous 6 years) and it would take 6 to 8 weeks to do what I wanted even though it was during the ninth week that I was trying to complete the change. I fired them at the end of January and have not heard from them. I plan to fight hard to get my refund.

Phly has managed to destroy what had been the premier collector car insurance company.

saplumr

I guess I'll find out how it goes when mine renews in May.