Anybody Up their insurance value after mods?

IneedAZ · 03-06-2020, 09:17 AM

I spoke to my insurance company and they said they will cover my mods as long as i have recpts and pics. If i base the car value after mods at $70k(estimate for now) my insurance would go up $374/year. Of course this wont cover an accident if racing.

arpad_m · 03-06-2020, 09:31 AM

I had to add a new "comprehensive for customizing equipment" section with a limit and a deductible, and they cover everything within that bracket. With a $2500 limit and $100 ded, it came out to $16 per pay period (6 months).

Techdude99 · 03-06-2020, 09:32 AM

Figure out how much you have in mods and if you can afford (or would want to) replace them in the event of an accident.

My personal entry is $10k. Anything less, I don't bother unless it's really inexpensive. For me, that would be $100 a year.

There are so many factors...

IneedAZ · 03-06-2020, 09:39 AM

I based my insurance quote off of 70k thinking car is probably worth 52k stock and about 18k in mods i am predicting.

HoodCheck · 03-06-2020, 09:41 AM

I don't say nothing to the insurance company when I mod...why would I. It sucks if you wreck and lose out, but its no different than if you sold it or traded in...

Techdude99 · 03-06-2020, 09:49 AM

Quote:

Originally Posted by IneedAZ

I based my insurance quote off of 70k thinking car is probably worth 52k stock and about 18k in mods i am predicting.

Get the details to ensure it covers the purchase price and not comparable replacement values.

FoundNemo · 03-06-2020, 10:24 AM

Not sure I have seen this option before. Are you saying you can add coverage for your engine/transmission/etc as a separate insured item (in case an engine blows due to mods or a transmission etc)? Or is this just to cover losses from an accident when you have mod value in the car, and not if something blows up?

IneedAZ · 03-06-2020, 10:31 AM

Quote:

Originally Posted by FoundNemo

Not sure I have seen this option before. Are you saying you can add coverage for your engine/transmission/etc as a separate insured item (in case an engine blows due to mods or a transmission etc)? Or is this just to cover losses from an accident when you have mod value in the car, and not if something blows up?

For my quote, it is in case of accident or stolen.

Mark R · 03-06-2020, 10:54 AM

I have USAA insurance and they recently added a feature that will pay 20% more than current value if the car is stolen, totaled, etc. It added $72 for 6 months to my premium for the ZL-1, and I added it to my ZL-1, of course, and my 2 daily drivers too. I also have $5000 additional coverage for accessories that is already part of my policy.

arpad_m · 03-06-2020, 11:24 AM

Quote:

Originally Posted by FoundNemo

Not sure I have seen this option before. Are you saying you can add coverage for your engine/transmission/etc as a separate insured item (in case an engine blows due to mods or a transmission etc)? Or is this just to cover losses from an accident when you have mod value in the car, and not if something blows up?

In my case it's only for the cosmetic mods and ceramic coating. Didn't even think I could get customized coverage for the powertrain, my hunch is it would be a tall order to get a reasonable quote for a $10k engine plus all other components.

Stealth7 · 03-06-2020, 03:09 PM

Careful...sometimes the insurance carrier will not provide any coverage for the car if you indicate it is modified--will just tell you that they decline to provide insurance. Typically, this applies to performance cars.

jvandy50 · 03-07-2020, 06:10 PM

I sent State Farm receipts for 8k in mods and got $3200 back after a mustang crash(not into people).

It was a pretty good deal IMO since most of those parts(wheels, exhaust) were toast in the collision.

03-06-2020, 09:17 AM	#1
IneedAZ Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009 Location: Tampa Posts: 5,111 View My Garage	Anybody Up their insurance value after mods? I spoke to my insurance company and they said they will cover my mods as long as i have recpts and pics. If i base the car value after mods at $70k(estimate for now) my insurance would go up $374/year. Of course this wont cover an accident if racing. __________________ Sold 2012 2LT RS 12.3@112 old setup Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 Born 3/17/17Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. 807hp/762tq on 93 gas and 848hp/792tq on e47 Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive

03-06-2020, 09:31 AM	#2
arpad_m Drives: 2018 Camaro 2SS A8 Join Date: Jul 2017 Location: East Tennessee Posts: 13,150 View My Garage	I had to add a new "comprehensive for customizing equipment" section with a limit and a deductible, and they cover everything within that bracket. With a $2500 limit and $100 ded, it came out to $16 per pay period (6 months). __________________ 2018 Camaro 2SS — G7E MX0 NPP F55 IO6 735 rwhp \| 665 rwtq Magnuson TVS 2300 80mm pulley \| Kooks 1 7/8" LT headers \| JRE smooth idle terminator cam \| LT4 FS & injectors \| TSP forged pistons & rods JMS PowerMAX \| DSX flex fuel kit \| Roto-Fab CAI \| Soler 95mm LT5 TB \| 1LE wheels \| 1LE brakes \| BMR rear cradle lockout \| JRE custom tune 1100 - 1/30/18 \| 2000 - 1/31/18 3000 - 2/06/18 TPW 2/26/18 3400 - 2/19/18 \| 3800 - 2/26/18 4300 - 2/27/18 \| 4B00 - 3/01/18 4200 - 3/05/18 \| 4800 - 3/14/18 5000 - 3/16/18 \| 6000 - 3/19/18

03-06-2020, 09:39 AM	#4
IneedAZ Drives: 2017 ZL1 A10 & 2021 BMW M340i x Dr Join Date: Mar 2009 Location: Tampa Posts: 5,111 View My Garage	I based my insurance quote off of 70k thinking car is probably worth 52k stock and about 18k in mods i am predicting. __________________ Sold 2012 2LT RS 12.3@112 old setup Sold 1967 Camaro Pro Street. Ran 10's mild BB on NOS. 2017 HyperBlue ZL1 A10 Born 3/17/17Delivered 4/08/17 2020 Build: Mag2650, BTR Stage2, NW103, BG, 14% lower, 90mm upper, ARH 2" Long system w/no cats, SW Legend mufflers. 807hp/762tq on 93 gas and 848hp/792tq on e47 Sold 2018 (Go Mango) Dodge Charger Daytona 392 Daily Driver Daily Driver 2021 BMW M340i Xdrive

03-06-2020, 10:54 AM	#9
Mark R Drives: 2018 ZL-1 Join Date: Jan 2018 Location: Albuquerque Posts: 1,000	I have USAA insurance and they recently added a feature that will pay 20% more than current value if the car is stolen, totaled, etc. It added $72 for 6 months to my premium for the ZL-1, and I added it to my ZL-1, of course, and my 2 daily drivers too. I also have $5000 additional coverage for accessories that is already part of my policy. Last edited by Mark R; 03-06-2020 at 11:13 AM.

03-06-2020, 09:32 AM	#3
Techdude99 Drives: 2019 Chevy Camaro ZL1 1LE Join Date: Nov 2019 Location: MS Posts: 172	Figure out how much you have in mods and if you can afford (or would want to) replace them in the event of an accident. My personal entry is $10k. Anything less, I don't bother unless it's really inexpensive. For me, that would be $100 a year. There are so many factors...

03-06-2020, 09:41 AM	#5
HoodCheck Drives: 2018 ZLE (M6/hyper blue) Join Date: Nov 2015 Location: Lithia, FL Posts: 762	I don't say nothing to the insurance company when I mod...why would I. It sucks if you wreck and lose out, but its no different than if you sold it or traded in...

03-06-2020, 10:24 AM	#7
FoundNemo Drives: 2019 ZL1 Join Date: Oct 2019 Location: GA Posts: 573	Not sure I have seen this option before. Are you saying you can add coverage for your engine/transmission/etc as a separate insured item (in case an engine blows due to mods or a transmission etc)? Or is this just to cover losses from an accident when you have mod value in the car, and not if something blows up?

03-06-2020, 03:09 PM	#11
Stealth7 Drives: Gen V Viper GTS Join Date: Jan 2018 Location: SoCal Posts: 260	Careful...sometimes the insurance carrier will not provide any coverage for the car if you indicate it is modified--will just tell you that they decline to provide insurance. Typically, this applies to performance cars.

03-07-2020, 06:10 PM	#12
jvandy50 Drives: 18 ZL1-1LE, 10 JKU Join Date: Jul 2018 Location: AR Posts: 596	I sent State Farm receipts for 8k in mods and got $3200 back after a mustang crash(not into people). It was a pretty good deal IMO since most of those parts(wheels, exhaust) were toast in the collision.

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