I was wondering how many of you report major mods to the insurance company so they can be covered. Especially with things like engine and tranny rebuilds. If you completly rebuild your engine with performance parts should you tell the insurance company or not? If anyone has repoted these things, did it drastically change your rates? Or do they even allow you to cover mods like that?

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Later,
Vomex
'89 GTA 5.7L TPI

 

Basically, insurance companies will look at any performance modification you make to your car as a reason to increase your premiums. Furthermore, if it comes time to collect on a policy they can cite depreciation (loss of value due to use) as a method of lowering their payment. You can always buy separate or additional insurance to cover the extra value, but is the extra cost really worth it?



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92 Camaro RS, LO3, 5-spd, T-tops

Performance:
K&N Open Air Filter, Edelbrock performer TBI intake, Fastchip Prom, Timing +4 degrees, Centerforce clutch, Xact 8mm wires, SLP 1 3/4" Headers (coated), Flowmaster Catback Exhaust, Z28 Grille w/aftmkt fog lamps, MacEwen white-face guages
Electronics:
Alpine 8030 Alarm System, Valentine One Radar Detector (How did I ever drive without one?), Pioneer DEH 7450 Head Unit w/6-pack CD changer, Pioneer DEQ 7600 Sound Processor, 2 Kenwood KAC-846 Amps powering 2 12" Pro Red subs, 2 Pioneer 6x9 and 2 MTX 4x6 speakers.
NEXT UP: TBI mods, 3.42 gears w/Torsen posi

 

I never report any mods to my insurance company, and when my 85 z was stolen in march and never recovered they gave me $ for the car and for a lot of the mods I had done. So why pay more when there are no real benefits?

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'86 IROC 5-speed
305 LG4
edelbrock performer rpm intake
edelbrock 600 cfm carb
msd pro billet hei distributer
'95 3.23 rearend
hotchkis rear suspension
PST front polygraphite suspension
"speed kills. buy a f@&d, live forever."