Newbie Insurance Declarations??
17 August 2007, 06:19 PM
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Newbie Insurance Declarations??
Hi Guys
New to the forums, but been reading the advice for some time now. Just fitted my new whiteline rear ARB and solid drop links today (wow what a difference!!!), was wondering should I be declaring these mods to the insurance company? Not sure if it would be classed as performance enhancing modification.
New to the forums, but been reading the advice for some time now. Just fitted my new whiteline rear ARB and solid drop links today (wow what a difference!!!), was wondering should I be declaring these mods to the insurance company? Not sure if it would be classed as performance enhancing modification.
17 August 2007, 08:39 PM
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You are pulling my pisser arent you? How did they justify that!!!
17 August 2007, 08:54 PM
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17 August 2007, 09:25 PM
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17 August 2007, 11:52 PM
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I doubt it! Nice try though, but bearing in mind that insurance companies are nothing more than legalised theft and motivated by money, they will say that your brakes have been uprated becasue you are driving faster; therefore a greater risk!
18 August 2007, 09:40 AM
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18 August 2007, 01:00 PM
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Actually, we've had this come up recently (again..!) and at least two members, who are in the insurance game have said this is not normally the case.
Firstly, ii depends on your exact policy wording, declaring 'performance enhancing modifications' are different to 'any modifications', with the former you don't need to declare things like wheel changes etc..
Even so, if there are undeclared mods on the car, what usually happens in the event of a claim is you will only be paid out for standard replacement parts. You may also have deducted from your claim, the extra premium you should have paid if you had declared the mods.
This is from people who know what they're on about, hopefully they'll confirm this again here..
It would seem that this is one of those SN myths, but what I would say is there is probably a fine line between not declaring a few mods and say insuring a car as something it's not (ie saying your turbo is a sport..
). Good god, I'm starting to get into this devils advocate thing, lol..!
18 August 2007, 06:19 PM
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Actually, we've had this come up recently (again..!) and at least two members, who are in the insurance game have said this is not normally the case.
Firstly, ii depends on your exact policy wording, declaring 'performance enhancing modifications' are different to 'any modifications', with the former you don't need to declare things like wheel changes etc..
Even so, if there are undeclared mods on the car, what usually happens in the event of a claim is you will only be paid out for standard replacement parts. You may also have deducted from your claim, the extra premium you should have paid if you had declared the mods.
This is from people who know what they're on about, hopefully they'll confirm this again here..
It would seem that this is one of those SN myths, but what I would say is there is probably a fine line between not declaring a few mods and say insuring a car as something it's not (ie saying your turbo is a sport..).
Good god, I'm starting to get into this devils advocate thing, lol..!
Firstly, ii depends on your exact policy wording, declaring 'performance enhancing modifications' are different to 'any modifications', with the former you don't need to declare things like wheel changes etc..
Even so, if there are undeclared mods on the car, what usually happens in the event of a claim is you will only be paid out for standard replacement parts. You may also have deducted from your claim, the extra premium you should have paid if you had declared the mods.
This is from people who know what they're on about, hopefully they'll confirm this again here..
It would seem that this is one of those SN myths, but what I would say is there is probably a fine line between not declaring a few mods and say insuring a car as something it's not (ie saying your turbo is a sport..
). Good god, I'm starting to get into this devils advocate thing, lol..!
Evening Jason. AndytJ, Dip CII, Assoc SCT
18 August 2007, 06:57 PM
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18 August 2007, 07:00 PM
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when I rang them up they claimed it would attract more attention and would become more stealable....jokers...not with them this year but you just know its any excuse to get some more money out of you and you have no choice mid term on your policy
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