is it worth turboing a lancer
They can easily refuse your claim since what you'd be doing is fraud. The insurance company thinks you have X car but in reality you have X car with Y mods to it, changing the value of the car and the chances of an accident.
I didn't know they could refuse your claim. I thought they would cover anything that was on the car stock, and anything added on was considered a loss since you never told your insurance about it. In which case, I could understand how they could refuse it, people would be saying that whatever aftermarket parts were already on the car when they got it from the dealership off a trade in.
I didn't know they could refuse your claim. I thought they would cover anything that was on the car stock, and anything added on was considered a loss since you never told your insurance about it. In which case, I could understand how they could refuse it, people would be saying that whatever aftermarket parts were already on the car when they got it from the dealership off a trade in.
They can REFUSE but it may not be legal. Then again I am an insurance agent so WHAT DO I KNOW? It's not like my family has been doing it for over 30 years and I chose the profession along with financial management, nope, I just don't know what I am talkign about I guess
PLEASE explain how modifying a car is fraud? They cover DWI accidents and that can be Felony not to mention well known to be illegal to drive under the influence. By your argument I can go to Pep-Boys, buy me a "TYPE R" cup holder, and then get in a accident, and then be denied coverage? So a 50-State legal Cat back on a Mustang will negate all insurance? MAYBE if you are robbing a bank, and the cops flatten your car into a divider as you flee, they MIGHT not cover it. But I do agree Insurance companies are scumbags and will do anything not to pay.
One of my clients had a pipe break in his house, and flodded the basement, the insurnace company tried to deny it because it was a no-flood zone. Obviously the cause was broken pipe and completely covered under the home owners policy. Since the house was in such bad shape he fixed it out of pocket and when i finally got the underwriters to agree for a set payment they once again denied as they did not have their personal adjusters view the damage or repair. This is well over a year now, insurance companies are SCUM bags. The lawyers believe they will eventually get a payment but probably for less and then 1/3rd goes to a lawyer. I try to do right by my clients but sometimes you can't help a situation.
What MAY not be covered is the additional value of the parts/service added. You can add 30K to a 15K OZ Rally and total it, the insurance company MAY not cover the additonal parts, depending on how good your lawyer is or what your contract specifies.
Fraud? please................
Last edited by High_PSI; Sep 8, 2007 at 09:02 AM.
I'm saying if you massively modify a car (ie. install a turbo kit, change to coilovers, etc.) they can deny you coverage because you're not driving the car they agreed to insure. The car is worth more and is a higher risk because it is faster (and more importantly being modified for the purpose of going faster). I got into this with my insurance company back when I was going to turbo my lancer. They had an entire section of their book devoted to modifications. I was told that if I modified my car I would flat out be denied coverage but I could switch my plan so that my modifications would be covered. To do this I would need to tell the insurance company how much money was put into the car and how much HP it had. They had restrictions on what modifications I could do as well, I could add a turbo but I couldn't add a turbo and nitrous. My brother in-law is in the same situation, he has a heavily modified trans am and his insurance company asked him the same questions.
Slapping on a turbo kit that more than doubles the WHP of the car is a major modification. A cupholder is not.
It still does not void insurance coverage. What about LPE Vettes? They are MASSIVELY modified, big names or not. What about a BR 350 Evo? I'm sorry but MY 2003 Evo had full stage 4 and coilovers, and it was covered JUST the same. hey will not DENY coverage if you get into an accident just like they won't if you get a DWI accident.
Again, I do this DAILY. I know what is and isn't covered.
Again, I do this DAILY. I know what is and isn't covered.
I'm saying if you massively modify a car (ie. install a turbo kit, change to coilovers, etc.) they can deny you coverage because you're not driving the car they agreed to insure. The car is worth more and is a higher risk because it is faster (and more importantly being modified for the purpose of going faster). I got into this with my insurance company back when I was going to turbo my lancer. They had an entire section of their book devoted to modifications. I was told that if I modified my car I would flat out be denied coverage but I could switch my plan so that my modifications would be covered. To do this I would need to tell the insurance company how much money was put into the car and how much HP it had. They had restrictions on what modifications I could do as well, I could add a turbo but I couldn't add a turbo and nitrous. My brother in-law is in the same situation, he has a heavily modified trans am and his insurance company asked him the same questions.
You mean they would not cover the added say Stereo if it got stolen? That may very well be. But if you got into an ACCIDENT they could not deny unless you say, un hooked your breaks, and even then... Also generally when you modify a car it LOSES value of it it is REALLY nice it may keep par value. Just think how much a Bone Stock 1996 Supra 6-speed is worth Vs. the one that looks like Vin's.
Insurance companies are scumbags, they all will say anything to deny a claim. If your insurance carrier won't cover mods, that is normal, but not covering a car in an accident is just flat out wrong. It even says that when a car is rebuilt it must use OEM or adequate aftermarket parts.
Even then if you had stuff in the car, like expensive equipment or computer stuff and if your car gets stolen or broken in to they SHOULD cover it. There are many different types of carriers and coverages, but denying an accident claim because of modiications is silly.
Last edited by High_PSI; Sep 8, 2007 at 11:10 AM.
It still does not void insurance coverage. What about LPE Vettes? They are MASSIVELY modified, big names or not. What about a BR 350 Evo? I'm sorry but MY 2003 Evo had full stage 4 and coilovers, and it was covered JUST the same. hey will not DENY coverage if you get into an accident just like they won't if you get a DWI accident.
Again, I do this DAILY. I know what is and isn't covered.
Again, I do this DAILY. I know what is and isn't covered.
You mean they would not cover the added say Stereo if it got stolen? That may very well be. But if you got into an ACCIDENT they could not deny unless you say, un hooked your breaks, and even then... Also generally when you modify a car it LOSES value of it it is REALLY nice it may keep par value. Just think how much a Bone Stock 1996 Supra 6-speed is worth Vs. the one that looks like Vin's.
Insurance companies are scumbags, they all will say anything to deny a claim. If your insurance carrier won't cover mods, that is normal, but not covering a car in an accident is just flat out wrong. It even says that when a car is rebuilt it must use OEM or adequate aftermarket parts.
Even then if you had stuff in the car, like expensive equipment or computer stuff and if your car gets stolen or broken in to they SHOULD cover it. There are many different types of carriers and coverages, but denying an accident claim because of modiications is silly.
Insurance companies are scumbags, they all will say anything to deny a claim. If your insurance carrier won't cover mods, that is normal, but not covering a car in an accident is just flat out wrong. It even says that when a car is rebuilt it must use OEM or adequate aftermarket parts.
Even then if you had stuff in the car, like expensive equipment or computer stuff and if your car gets stolen or broken in to they SHOULD cover it. There are many different types of carriers and coverages, but denying an accident claim because of modiications is silly.
Find a new insurance agency
. That won't hold up in court either BUT you may as well toss that company aside. That really is not only wrong but probably illegal, but comming from an insurance company, I am not surprised.