is it absolutely necessary?

 

I just have a folder of receipts for the more expensive parts. Not sure if that varies company to company.

 

couldn't they void your policy if you did not tell them though, because they just think you have a stock car?

 

According to them as long as I have receipts for the parts that are on it I can recoup cost if in an accident.

If not they pay out for stock replacements which usually cost more than most aftermarket pieces anyway

Not sure how things work in the UK man

 

which insurance provider is that with, just out of curiosity?

 

State Farm

 

^^^^ I have the same thing as this gentlemen with my insurance.

They sent three different adjusters and then called and asked what the car was used for since it had a race seat and no interior.

I told em she takes me to work and home.


Ditto with State Farm

 

Just keep the receipts. That should be proof enough.

 

I have USAA and when I had the accident with my Red Evo back in December, all the adjuster did was ask me if I had any mods done and the cost for each mod....didn't ask for receipts or anything. That car ended up being totaled out and 2.5K or so I had in mods was just added to the final check.....I now keep receipts for everything I've bought for my current Evo just in case something happens in the future.

 

some insurance companies have additional coverage for aftermarket parts that are added.. with state farm all you need is receipts!

 

ur lucky, in the uk any mods that aren't declared will void your policy. and no pay out, and for example k&n filter will make the yearly premium go up anywhere between £30-£1000! depending on your age, its unbelievable.

 

Thats highway robbery.

Progressive will cover up 1000 in parts. I think if you pay an extra 20 dollars a month they will cover up to 3k. That might've change. I keep receipts anyways. Just in case.

 

It really depends on what happens. If things are damaged due to an accident where the other party is at-fault, you can usually claim that you have whatever, and receipts will help get things beyond factory equipment covered.

If you're at fault and parts are damaged or if your car is vandalized, stolen, etc., then insurance companies are less inclined to pay out for mods if you didn't claim them. Most companies have coverages for things that you install (which may show up as "Additional Equipment" or "AOE/Added-On Equipment") and typically go up to $5,000 (though some carriers can go higher with underwriting approval) though it's typically meant for non-performance enhancing things, such as an upgraded audio system, wheels, etc.

Most insurance applications have a question within the underwriting question section asking something along the lines of, "Are any vehicles on the policy modified for high performance?" For the policy to go through with no issues or red flags, the insurance agent would have to answer "No," and usually they do. So even if you claim $4,000 in modifications and pay for the extra coverage, if you make a claim and you show them a receipt for a turbo, coilovers, etc., then they may ask what you use them for.

That's not to say you won't get covered--it's just that most underwriting guidelines don't obligate the carrier to cover such modifications, though sometimes they do in the claims adjuster decides to let it slide.

 

I have State Farm and I did not know this thats great.


Also, my girlfriend had her car broken into and she had her radar detector stolen along with her subs and a lot of expensive stuff that she shouldn't have left in her car. No damage was done to the car but she told her insurance company about everything that was stolen and they asked her the total cost of what was taken. She ended up getting like $1500 and she didn't have to provide receipts or anything they just took her word for it.

 

oh shoot, insurance company is actually good for something for once

good to know! I got state farm too