Is your FI installation insured?
 

I've been doing a lot of research on the forums about FI lately, but there is one thing that still leaves me hesitant. Insurance. If I put $5000 into my car, then I want it to be covered by insurance in the event of an accident. I currently have state farm and will be contacting them in the event that I purchase a supercharger.

Just wanted to see what everyone else was doing or had planned for insurance, if you told your company about it, if you were just hoping you weren't going to wreck.. :iono:

i need to get insured, considering how much i've put into the car, but i don't know what the company would charge me.

in short:

not insured, but want to be

I plan I'm some insurance but not for the full value as it gets quite expensive after you break 5k with my insurance. On previous cars I never bothered.

No

So why not get insurance? If you bought a $5k jetski, would you not insure it?

USAA would insure, but you pay the increase of premium.

A couple things:

1- If you do not tell the Ins. company that you increased the value of the car, then they will not insure it for more than the value they believed it was worth since you began the policy.

2 - If you tell them that you are making performance mods, they will assume you are a more aggressive (higher risk) driver and you will have a higher premium IN ADDITION to the higher premium because the car is worth more.

3 - If you DONT tell them and total the car, they can be ****s and deny your claim entirely because you made performance modifications (see above) without informing them.

Check your current policy. You will see wording to that effect.

Amount of money spent is around 20K. Insurance for that is stupid...

i doubt any insurance company will insure our modifications...

Yes, my insurance policy includes supplemental coverage for "aftermarket additions". Had the same policy other modified cars in the past, which was well worth it.


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Progressive will. I did this on a motorcycle I built. And I called for a quote on my FRS with I think 15k coverage over their value. They consider it a "custom value" coverage in which you provide proof of value of each component. The rate however is substantially higher. IIRC 5k is the cap before you go to custom value coverage.

So they'll cover your $2JZ$ and all you have in it if it blows? Unlimited "aftermarket additions'?

Exactly!

LOL... No, not that type of coverage and it is not unlimited.

Unfortunately the policy does not cover blown engines but it does cover typical comp/collision. So if you throw a piston through the side of your block, no, that will not be covered. On the other hand, if someone decides to steal your turbo/supercharger or another part off your car in the middle of the night, yes that part will be covered/replaced.

I need to give these guys a call to see what they're about:

http://www.htrinsure.com/services/hi...insurance.html


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Insurance for $20k is stupid? Did you insure your car at all in the first place, if it is worth $20k?

No matter what you meant by stupid (expensive), I just don't see how you can have something worth $20k that isn't insured. I understand people make certain choices, but there is someone out there willing to insure it, I promise you. Yes, you will likely pay a higher premium, but I just wouldn't be willing to risk that.

-edit- I'm sure your $20k includes fabrication, tuning, etc. But I know places like hagerty will insure that for you, and at a reasonable cost. They will insure the labor as well