My wife sells insurance. She says if it's bolted onto the car at the time of the accident, it becomes part of the car, therefore you can be reimbursed. That said, I have never openly reported "hey, I'm adding 500 whp to my car, please insure me for the parts, but don't raise my rates because I'm "potentially" inexperienced with those power gains."

your wife sells global insurance policies?

most insurance companies only cover cosmetic modifications. Adding turbos and superchargers (this is the FI forum after all) is usually a no-go unless you have a specialty carrier for a collector car. It's generally an eligibility thing that would only be considered with underwriter approval. The vast majority of insurance companies are looking to insure regular vehicles, not a frs/brz that has an extra 300whp.

On the flip side, if you get into an accident and you have $20k in mods to your car, it's not reasonable to expect your own insurance company to cover the extra $20k in mods. They've been charging you premiums based on an estimated total loss of $18k or whatever, not $18k + $20k in mods. Nothing is free!

Now... if someone else hits you and they're liable, then you should absolutely expect to be made whole again, and their insurance company should cover your car as-is (up to their policy limits).

Going back on this. If it is gonna be written off, my insurance would pay me for the value of the car?

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They will give you the book value of the car. They do not give you replacement value or what you still owe unless your policy covers that.

it ends up being the market value of the car, typically unmodified unless you purchased coverage for that (if you don't pay for additional coverage, you don't get additional coverage, as the carrier didn't collect premium to cover those parts).

If you owe more than the car is worth, you're still responsible from the balance on the loan, unless you have gap coverage through the insurance company (can also be on the loan / lease).

This. Plus you really should just read your policy. Every one can be different. For example, my policy with USAA includes a 20% bump if the car is totaled under coverage.

In the end though, the policy should spell it out.

Best answer. :burnrubber:

As a licensed agent for Progressive I have to clarify, we cover up to 1k automatically when you have comprehensive and collision. You can buy up to 5k additionally without having to insure the vehicle for a stated value. You can insure the car for more based off of stated value but be ready to have receipts.

Though if you buy insurance from an independent agent they may include a higher value of coverage. But from Progressive direct you have to let us know you need more than the 1k coverage.

If you have questions about the coverages of your policy you should reach out to your own insurance company. Coverages very from state to state and this is due to each states regulations and needs. Don't assume you have aftermarket parts coverage. And don't assume someone else's insurance will cover your aftermarket parts. Some insurance companies will not pay out for aftermarket parts coverage even if their client was at fault unless you have that coverage on your own policy.

Yes everyone wants cheap insurance, but you always get what you pay for. So keep in mind just because the rates are low doesn't mean that quality of service is high, or done right, or efficiently. But if you don't tell your agent that you need the extra parts covered your claim could be denied because you misrepresented the value of the vehicle which means the premiums were calculated and collected for the wrong level of risk. So, its worth paying what can be as little as $10 a month on top of your policy to protect your $30k total investment.

THIS GOES FOR ENGINES AND TRANSMISSIONS TOO!

I'm confused, is it a threat or an assurance?