Auto Insurance Rates for Customized Cars
The popularity of TV shows such as Pimp My Ride and numerous other programs that create the hype around car customization make many drivers think of creating something new out of their ordinary series vehicles. It’s not enough to have a good or expensive vehicle these days, your car should stand out from the crowd. That’s why there are so many services offering customization to typical car owners all over the country. But rarely do people think about the auto insurance aspects that are linked to customizing one’s car.
Most car owners giving their cars to customization services tend to think that their auto insurance policy doesn’t require any reviews, since it’s the same car only with minor changes. However, it’s a very erroneous point of view that may lead to a lot of money being lost from your wallet. The thing is that even a minor visual customization can change your insurance needs not to mention serious upgrades or performance improvements. And if you are looking to perform customization on your vehicle you should definitely inform your insurance provider with all the details about the things you are going to install.
The thing is that during customization some genuine parts of the vehicle are replaced with custom ones that are usually more expensive than the original ones. And this will alter your car’s value even if you’re changing your discs. In case you have an accident after customization your auto insurance policy will only cover the value of the original parts, if you haven’t review the policy after visiting the body shop. And the difference in value will be paid out of your pocket. Besides, some insurance companies can refuse your claim altogether if you don’t inform them about customization, because you have altered the vehicle and its performance without noticing.
That’s why you should always check with your auto insurance provider if you’re going to customize your vehicle. Make sure to include the value of the custom parts in collision and comprehensive limits. If the changes are minor and do not affect the performance of the vehicle, your premiums will likely remain the same. But if you tune up your engine and add extra horse power to your ride, then your premiums will definitely be reviewed since it’s a whole different car compared to the one you’ve insured initially. So if you’re looking forward to customize your vehicle, then you should also customizeVisit our website
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