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Here is one thing that I am surprised has not been mentioned here:
I am fairly certain that somewhere in your policy it states that you must divulge modifications to the car to the insurance company.
Failure to do so "may result" in non-coverage in the case of an accident.
Simple case: You get in an accident with your new wheels, & $2k in cosmetic mods...Insurance will probably dismiss that and not complain (but they may not reimburse the difference from OEM parts)
Worst case: You get in an accident with your $10k Turbo setup, full race suspension and $5k in brake upgrades. They could argue that your mods are beyond what is acceptable for the rate you had been paying all along - "Violation of contract! NOT COVERED"
and you are SOL...
So if you make mods that would pique the interest of your agent, you had better divulge them in advance.
Cosmetic - don't sweat it.
Full blown race - might spell trouble.
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