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-   -   Mods and Insurance? (http://www.wranglerforum.com/f274/mods-and-insurance-146662.html)

dreg 03-15-2012 10:19 PM

Mods and Insurance?
 
I'm curious what insurance is like for the guys who are constantly adding to the Jeep. I know there are two mentalities here. Tell them nothing or declare what you've got.
Stock 12 JKUR will cost me about 2k per year.
I asked the broker if anything changes if I replace the front bumper and add a winch. I got the "what's the winch for?" immediately.

Do I really need to go justifying every mod I make??

Mortalis5509 03-15-2012 10:22 PM

i would because if you get into a wreck or flip the thing over backwards going end over end you will be trashing a lot of stuff. Insurance will not pay you back. Cotten States told me for 8k worth if upgrades that it was like $40 more a year. I'm closer to the 10k or more range and need to do that. Some idiot can easly hit you and tare up everything and would suck when they get out and tell you they have no insurance. You just lost whatever was torn up.

Jsjk 03-15-2012 10:28 PM

I don't know really haven't declared but I would like to find outif my insurance covers me offroad.

dreg 03-15-2012 10:30 PM

Quote:

Originally Posted by Mortalis5509 (Post 2145263)
i would because if you get into a wreck or flip the thing over backwards going end over end you will be trashing a lot of stuff. Insurance will not pay you back. Cotten States told me for 8k worth if upgrades that it was like $40 more a year. I'm closer to the 10k or more range and need to do that. Some idiot can easly hit you and tare up everything and would suck when they get out and tell you they have no insurance. You just lost whatever was torn up.

That's kind if what I was thinking. The (hopefully small) additional cost isn't a big issue. But the "why" I feel like I'm going to get on anything and everything. Does that make sense? I just don't want to run into a situation where my insurance company tells me what I can or can't do. "yes dear":rofl:

bbtj 03-16-2012 07:00 AM

Check
 
Quote:

Originally Posted by Jsjk (Post 2145291)
I don't know really haven't declared but I would like to find outif my insurance covers me offroad.

Call your agent and check. I did and mine does cover me.

kjeeper10 03-16-2012 07:10 AM

There was a thread about this not to long ago.
Depends on your insurer. Best to call :)

Sueby 03-16-2012 07:13 AM

I'm in the middle of trying to switch insurance companies. My current one says they won't insure my mods so my agent is out looking. He's found a couple but wasn't happy with their pricing. I may have to leave my agent and go out on my own to State Farm or something. Peeps here seemed to have good luck with them.

fdnc2774 03-16-2012 07:18 AM

Nationwide here... They cover everything as long as you have reciept of purchase...and you dont have to tell them eveytime you mod.. and 2k a year.. ouch...i pay 650.. no insurance points tho!!

tabber02 03-16-2012 07:21 AM

USAA covers the first $5000 in "optional aftermarket equipment" after that, we have to work things out.... I called and asked them what that means. I told the guy about my lift, wheels and tires (all I have done right now) and he said I'm fine.

He actually started listing.. "when you get into the bumpers, winches, and all the bigger items we need to talk... to ensure you're covered"... that made me happy. :thumb: so... I'd say look into USAA if you or someone in your family was prior military it's worth the phone call.

4fit 03-16-2012 07:26 AM

Quote:

Originally Posted by fdnc2774 (Post 2146000)
Nationwide here... They cover everything as long as you have reciept of purchase...and you dont have to tell them eveytime you mod..

Same here. Hell, may even be the same agent. lol. BTW, rig was looking good this morning. :thumb:

GREEN-MACHINE 03-16-2012 08:18 AM

here in mass no after market parts are covered,,, i learned the hard way when 5k in stereo equipment was stolen out of my chevy.. my angent told me if i had taken it to an adjuster and had it appraised the would have covered it for an extra 6 bucks a month,,, lesson learned.
1k bumper

700 dollar winch

500 dollar rock sliders

2500 dollar lift.

4 kc lights 350..

180 bucks extra a year on my policy ,,,, priceless

fdnc2774 03-16-2012 09:08 AM

Quote:

Originally Posted by 4fit
Same here. Hell, may even be the same agent. lol. BTW, rig was looking good this morning. :thumb:

Thanks man.. where were you...in the jeep?

4fit 03-16-2012 09:11 AM

Quote:

Originally Posted by fdnc2774

Thanks man.. where were you...in the jeep?

That was me that you passed right in front of the Swepsonville Fire Dept on Swep-Sax Rd.

Kelsey73 03-16-2012 09:13 AM

Quote:

Originally Posted by Sueby
I'm in the middle of trying to switch insurance companies. My current one says they won't insure my mods so my agent is out looking. He's found a couple but wasn't happy with their pricing. I may have to leave my agent and go out on my own to State Farm or something. Peeps here seemed to have good luck with them.

I've got statefarm. Called my agent and they said as long as I've got records of purchase I'm covered for everything but engine (go fast) mods. Those we have to negotiate.

dreg 03-16-2012 09:58 AM

Quote:

Originally Posted by fdnc2774 (Post 2146000)
Nationwide here... They cover everything as long as you have reciept of purchase...and you dont have to tell them eveytime you mod.. and 2k a year.. ouch...i pay 650.. no insurance points tho!!

$650.. Things like this make me wish I lived in the US. :rofl:
$2k is with a completely clean driving history. No accidents, no speeding tickets, over 25, etc, etc. It's actually one of the better prices around. :rolleyes:

I guess this is going to be different with each insurance co. Maybe I'll check with some local Jeepers if I can find any.

Daniel_M 03-16-2012 10:19 AM

I am covered for $5,000 worth of aftermarket components. Which I can increase at any time. I am with Progressive.

-Dan

basecamper 03-16-2012 10:26 AM

FWIW I have State Farm and multiple automobiles with mods all they have ever advised me of was to be sure and keep the receipts like others have mentioned. I had a pretty big claim on a moded car two years ago everything was covered no questions asked and in fact they never asked for the receipts although I did have a binder put together containing all of them.

denisbaldwin 03-16-2012 10:27 AM

Quote:

Originally Posted by fdnc2774 (Post 2146000)
Nationwide here... They cover everything as long as you have reciept of purchase...and you dont have to tell them eveytime you mod.. and 2k a year.. ouch...i pay 650.. no insurance points tho!!

I'd kill for $2000/year car insurance. I have zero points and drive a 12 year old and 21 year old vehicle. My wife has..well.. not a great driving record.. and she drives a 2 year old car. We pay just over $3800/year for insurance and that is the cheapest I've been able to find.

Strangely, if it was just me and I wasn't married, my insurance on all 3 vehicles (same coverage) would be $1500/year.

JandS 03-16-2012 10:55 AM

Quote:

Originally Posted by Mortalis5509 (Post 2145263)
i would because if you get into a wreck or flip the thing over backwards going end over end you will be trashing a lot of stuff. Insurance will not pay you back. Cotten States told me for 8k worth if upgrades that it was like $40 more a year. I'm closer to the 10k or more range and need to do that. Some idiot can easly hit you and tare up everything and would suck when they get out and tell you they have no insurance. You just lost whatever was torn up.

The analysis really differs from state to state and from insurance company to insurance company. If you make a large claim or someone sues you, your insurance company may look for ways out. If your auto insurance policy says they don't cover accidents of vehicles with modifications that may compromise safety, then they might try to disclaim coverage or only cover you under a reservation of rights, meaning they would provide a defense, but they would not pay out any settlement or judgment.

It is not hard to argue that many mods compromise safety. The Wrangler is not a great performer in terms of braking distance, and this performance is often reduced even more with the addition of heavier wheels and tires. It is feasible that the simple addition of larger tires/wheels could cause an insurance company to say they weren't required to provide indemnity or a defense in an auto accident claim/case.

mnikc 03-16-2012 11:18 AM

i wasa sales agent about 7 yrs ago, so from memory...(in NY and New England states)

keep in mind, each company has their own underwritting and policy endorsements

most company's will cover the mod's if:

1. you have reciepts of purchase - itemized

2. you must notify the insurer that you have the mod's (if you want them covered)

3. they may request a copy of the receipts and may send your vehicle for a photo inspection

4. for every $X.XX in value of parts added above the stock features listed on the VIN # from the dealer, your vehicle rating goes up

(each car has a rating from 1-9, then a-z...the lower in the ranking, the lower your collision and comprehensive coverage will be - and a small portion in liability coverage based on safety features. think of a jeep compared to a porsche. the value to replace the porsche is greater than the jeep. so the jeep may be rated H and the porsche may be rated T. So if you mod the H rated jeep with about $5k in mod's - which you want covered - your jeep may now be rated at "K" and your premiums wil ladjust accordingly.)

if you do not advise the insurer about the mod's, depending on time frame of loss and proof, they may not cover the mod's.

i stil lwork in the insurane field - now as a claims examiner - and i deal with agents / brokers, all the time. i dont want to bash anyone, so all i wil lsay is - they aren't the all, end all of insurance information.

best thing to do is, call the company's call center and speak with a customer srvce or claims rep instead. they can and will give you the complete break down of the coverge and all info you need regarding the add-ons for your specific ocmpany and state.

dreg 03-16-2012 11:24 AM

[QUOTE=denisbaldwin;2146471

Strangely, if it was just me and I wasn't married, my insurance on all 3 vehicles (same coverage) would be $1500/year.[/QUOTE]

My insurance is for just me and a single vehicle... Sounds like your wife even gets better rates than me!
JandS hit my concern exactly, I don't want to be denied due to the "safety" of a mod.

mnikc 03-16-2012 11:42 AM

Quote:

Originally Posted by JandS (Post 2146563)
The analysis really differs from state to state and from insurance company to insurance company. If you make a large claim or someone sues you, your insurance company may look for ways out. If your auto insurance policy says they don't cover accidents of vehicles with modifications that may compromise safety, then they might try to disclaim coverage or only cover you under a reservation of rights, meaning they would provide a defense, but they would not pay out any settlement or judgment.

It is not hard to argue that many mods compromise safety. The Wrangler is not a great performer in terms of braking distance, and this performance is often reduced even more with the addition of heavier wheels and tires. It is feasible that the simple addition of larger tires/wheels could cause an insurance company to say they weren't required to provide indemnity or a defense in an auto accident claim/case.

this is and isnt true...
"If your auto insurance policy says they don't cover accidents of vehicles with modifications that may compromise safety." if their is a clause in the polciy about this, they could techinically deny the claim. but, for tires / rims, things like that - most reputable companies would not disclaim for that.

honesstly, Ive never seen a n ROR go out for mod's on a car.

the only time i have ever sent an ROR is for policyholder's non cooperation in the investigation of the claim.

simply adding new rims / tires / bumpers / lifts / turbos / NOS - anything does not result in an ROR

if you hav a tuner car and have all kinds of afermarket racing parts and you are in a loss, your coverage wil lnot be affected.
what would be affected is if itcame out that you were racing. THEN they can deny your claim but they would need proof...ticketed / arrested / police report / you claiming you were racing / loss at the track on the strip, ect.

mnikc 03-16-2012 11:49 AM

for those with high rates...

keep in mind...your agent / broker works off of commission. they may be buddy buddy with you, but they are trying to make a living. try one of the direct writters...geico, progressive, essurance...they cut out the middle man (agent) and can pass the saving into your rates...

i see it all the time...they sell policies with every coverage under the sun. most ofthe people that buy it, dont really need it and dont understand what the coverage really does.

then the underwritting factors
number of drivers, nyumber of vehicles,city/state where you live, driving history - tickets / accidents / dui's / suspensions /revocations...how many miles you put on the car in a year. theres a lot behind it.

best thing you can do, shop around. you can cancel a policy anytime you want and get a pro-rated refund from your current company...

mnikc 03-16-2012 11:58 AM

Quote:

Originally Posted by kjeeper10 (Post 2145982)
There was a thread about this not to long ago.
Depends on your insurer. Best to call :)

:thumb:

JandS 03-16-2012 09:18 PM

Quote:

Originally Posted by mnikc (Post 2146683)
this is and isnt true...
"If your auto insurance policy says they don't cover accidents of vehicles with modifications that may compromise safety." if their is a clause in the polciy about this, they could techinically deny the claim. but, for tires / rims, things like that - most reputable companies would not disclaim for that.

honesstly, Ive never seen a n ROR go out for mod's on a car.

the only time i have ever sent an ROR is for policyholder's non cooperation in the investigation of the claim.

simply adding new rims / tires / bumpers / lifts / turbos / NOS - anything does not result in an ROR

if you hav a tuner car and have all kinds of afermarket racing parts and you are in a loss, your coverage wil lnot be affected.
what would be affected is if itcame out that you were racing. THEN they can deny your claim but they would need proof...ticketed / arrested / police report / you claiming you were racing / loss at the track on the strip, ect.

I've never seen a denial for a Jeep, but I have seen denials for "hoopties" with larger wheels/tires. I'm referring to older (70s and 80s) GM full size sedans/coupes with 22s or higher.

I suppose my point was that it was possible, but perhaps not likely unless a high value accident was involved.


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