Insurance payout for mods?
JK Junkie
Joined: Jul 2010
Posts: 2,873
Likes: 0
From: 36* N
It's a super lightweight bumper with clean lines, I don't need anything more. The two shackle mounts weigh more than the rest of the bumper.
The *only* thing I would change is to do a different style of reverse lights or paint the lights and use them as alternate brake/ turn signals. Other than that- I like it a lot and would buy it again.
Sent from my DROID4
The *only* thing I would change is to do a different style of reverse lights or paint the lights and use them as alternate brake/ turn signals. Other than that- I like it a lot and would buy it again.
Sent from my DROID4
JK Newbie
Joined: Mar 2013
Posts: 89
Likes: 0
From: Inland Empire
It sounds like everything is already working it self out but your question has a ton of variables. Its kind of like asking someone "Should you use synthetic oil"? Without knowing specifics like who you are insured with, policy language, etc.... there is more than one right answer in this thread.
Generally speaking an Auto Insurance company is going to base their rate partially on the ISO symbol or a similar rating factor which takes into account vehicle value, repair costs, and a ton of other factors such as frequency of loss (theft, accidents,etc) to determine part of your premium. Imagine if you would that you had a 30k vehicle with 30K in aftermarket parts .... They would be taking a huge loss in that scenario because they didnt collect the right premium for the expectation to pay claims.
Carriers solve this by offering special equipment coverage where you notify them of your aftermarkets parts and they collect an appropriate premium.
A lot of companies will as someone stated, pay you out on a claim the value of the stock replacement parts, which often times gives you enough money to add your choice of aftermarket goodies. They may even in that scenario tell you that they do not cover special equipment but it still works out for you since you are getting paid on the often high priced stock part value.
Sorry to bore everyone but its always safest to add your extra equipment so you can guarantee they get properly replaced. Cheers
Generally speaking an Auto Insurance company is going to base their rate partially on the ISO symbol or a similar rating factor which takes into account vehicle value, repair costs, and a ton of other factors such as frequency of loss (theft, accidents,etc) to determine part of your premium. Imagine if you would that you had a 30k vehicle with 30K in aftermarket parts .... They would be taking a huge loss in that scenario because they didnt collect the right premium for the expectation to pay claims.
Carriers solve this by offering special equipment coverage where you notify them of your aftermarkets parts and they collect an appropriate premium.
A lot of companies will as someone stated, pay you out on a claim the value of the stock replacement parts, which often times gives you enough money to add your choice of aftermarket goodies. They may even in that scenario tell you that they do not cover special equipment but it still works out for you since you are getting paid on the often high priced stock part value.
Sorry to bore everyone but its always safest to add your extra equipment so you can guarantee they get properly replaced. Cheers
Last edited by SmacJK; Jun 28, 2013 at 08:26 PM.