Do you insure aftermarket parts?

[Ashikabi]

Originally Posted by jawn

Do you guys even know what it costs to replace the OEM shocks and struts? It's like $1500 dollars including the top hats.

I did not know. But that is a substantial quantity. Probably worth it to not mention coils then

[Bowen]

Originally Posted by Stang70Fastback

In any event, I now have $2500 worth of wheels covered and it added a whopping $2.16/mo to my payments. Definitely worth it since I live in Chicago, lol. Car is garage parked, but obviously gets street parked in some situations depending on who/where I am visiting.

Just goes to show it never hurts to ask! I too think you made a good call.

As far as security purposes go, do you run locking lug nuts?

[Stang70Fastback]

Originally Posted by jawn

Do you guys even know what it costs to replace the OEM shocks and struts? It's like $1500 dollars including the top hats.

Well in that case, it might not really be worth it anyway! Though the issue is one coilover is several hundred, whereas if an accident slightly bends one strut, a replacement of just that one part is pretty cheap.

Originally Posted by Bowen

Just goes to show it never hurts to ask! I too think you made a good call.

As far as security purposes go, do you run locking lug nuts?

I bought a set of black McGuard spline drive nuts, which came with a set of locking nuts. It's something, I suppose.

On an unrelated note, kind of annoyed that the locking nuts don't come with the same free-spinning base as the regular ones, lol.

[aegisdrgn]

Originally Posted by Ashikabi

I have been considering this too as my car is getting rather expensive. Does anyone know if you can add aftermarket parts to your policy under theft only? I'm not very concerned about breaking my own parts but if the car were stolen and not recovered or stripped then I'd be out quite a bit of money

Theft is covered under the comprehensive policy, not the collision/liability policy. If you don't already have comprehensive then prepare for a big rate increase.

[Ashikabi]

Originally Posted by aegisdrgn

Theft is covered under the comprehensive policy, not the collision/liability policy. If you don't already have comprehensive then prepare for a big rate increase.

I do have comprehensive, didn't know if you could add parts just to that

[Kostamojen]

Originally Posted by Stang70Fastback

You still aren't making sense. If you look at my post just above yours, you'll see that it wound up costing me just a little over $2.13 a month to insure my $2500 wheels. In what world does that not make sense to do?

You are paying twice to insure your wheels is the problem. If you want to just give money to insurance companies thats your prerogative.

You also might want to check that insurace to see if it even covers curb damage or pothole damage.

[Stang70Fastback]

Originally Posted by Kostamojen

You are paying twice to insure your wheels is the problem. If you want to just give money to insurance companies thats your prerogative.

You also might want to check that insurace to see if it even covers curb damage or pothole damage.

I'm not paying twice. I'm paying a VERY small premium to account for the fact that replacing one of those wheels will cost more than replacing the factory wheels. Potholes, they are covered under your collision policy. I'm currently paying $370.50/6 months for collision. I'm now adding $13 to that total. That is most definitely not "paying twice."

[extrashaky]

Originally Posted by Kostamojen

Welcome to car modifying 101

No, that has nothing to do with modding. There are some risks you accept. You have to accept that you don't get your money back out of mods when you sell the car. You have to accept that if you modify your car outside of design limits, it might break. That's modding 101.

You don't have to just accept that someone can steal your rims or ram your car on the street when you can buy insurance to hedge against that risk.

Insurance has nothing to do with modding. Insurance has to do with managing risk. There's a risk that someone may run a red light and smash your car, so you get uninsured motorist insurance to hedge against that risk. There's a risk your house could burn down, so you get homeowner's insurance to hedge against the financial loss off all your belongings. You have a risk of having to pay for medical coverage if you get sick or injured, so you purchase health insurance to hedge against the risk of going broke from medical bills.

You're arguing against hedging against a financial risk to your mods because you don't expect to get anything back from them. Taken to its logical conclusion, your argument means that if we're all gonna die anyway, there's no point in buying health insurance. If you get sick, you might as well just go on and die.

Originally Posted by Kostamojen

You are paying twice to insure your wheels is the problem.

You really have no idea how insurance actually works.

[Ashikabi]

Originally Posted by extrashaky

No, that has nothing to do with modding. There are some risks you accept. You have to accept that you don't get your money back out of mods when you sell the car. You have to accept that if you modify your car outside of design limits, it might break. That's modding 101.

You don't have to just accept that someone can steal your rims or ram your car on the street when you can buy insurance to hedge against that risk.

Insurance has nothing to do with modding. Insurance has to do with managing risk. There's a risk that someone may run a red light and smash your car, so you get uninsured motorist insurance to hedge against that risk. There's a risk your house could burn down, so you get homeowner's insurance to hedge against the financial loss off all your belongings. You have a risk of having to pay for medical coverage if you get sick or injured, so you purchase health insurance to hedge against the risk of going broke from medical bills.

You're arguing against hedging against a financial risk to your mods because you don't expect to get anything back from them. Taken to its logical conclusion, your argument means that if we're all gonna die anyway, there's no point in buying health insurance. If you get sick, you might as well just go on and die.



You really have no idea how insurance actually works.

I suspect kosta thought where it said "pay twice" it meant "pay double" as opposed to being charged more than once

[Stang70Fastback]

Originally Posted by Ashikabi

I suspect kosta thought where it said "pay twice" it meant "pay double" as opposed to being charged more than once

I think we all understood what he meant, but it still isn't correct. I'm not paying double, or twice, or whatever else you want to call it. I'm paying a TINY bit more to account for the fact that my car is now WORTH a little bit more. Why this counts as double paying, I have no idea...

[Ashikabi]

Originally Posted by Stang70Fastback

I think we all understood what he meant, but it still isn't correct. I'm not paying double, or twice, or whatever else you want to call it. I'm paying a TINY bit more to account for the fact that my car is now WORTH a little bit more. Why this counts as double paying, I have no idea...

I suppose any cost you incur street the original purchase is paying twice, it's just the second time it's a miniscule quantity comparatively

[spicyricecake]

shit I'll pay an extra 3 bucks every month (36 bucks yearly) to insure my 2200 wheels + 900 dollar tires (after installation, tpms, etc) in the case that some shit hole hits my car. Granted, the STI wheels would be quoted at 1700 just for the wheels if going through the dealership directly, that's still 500 bucks less than what my wheels are worth.
in 5 years that'd be $180, which is 8% of what I paid for the wheels alone.

I don't know about you, but that sounds worth it to me for the peace of mind.

[Tcoat]

Originally Posted by Stang70Fastback

I think we all understood what he meant, but it still isn't correct. I'm not paying double, or twice, or whatever else you want to call it. I'm paying a TINY bit more to account for the fact that my car is now WORTH a little bit more. Why this counts as double paying, I have no idea...

This^^ I have no idea how anybody would not find this a reasonable thing to do.

[Stang70Fastback]

Originally Posted by Ashikabi

I suppose any cost you incur street the original purchase is paying twice, it's just the second time it's a miniscule quantity comparatively

Sorry to harp on the same thing here, but this irks me. You are NOT paying twice. By your logic, someone with a Porsche, a more valuable car which costs more to insure is paying "twice." No, they are paying MORE because the car is worth more.

Maybe it's my inner English nerd thats freaking out, but I'm not paying twice.