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+--- Thread: direct line don't insure mod'd car's (/showthread.php?tid=4172)
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direct line don't insure mod'd car's - parthiban - 01-04-2018
toxo Admiral will insure mods but they don't insure like for like, so when someone nicks your mods or you crash and break them, they will put standard manufacturer parts back on. Standard parts from Lexus/Toyota are really expensive which makes it way more likely your car would be an economical writeoff in the event of a claim.
That's an interesting perspective that I'd never thought of. Obviously if you have susbstantial modifications you need to make sure they're all covered but as far as just an induction kit is concerned it's not really a big deal.
And I think it's not just admiral, none of the big name insurers will actually cover mods, they just allow you to have them.
direct line don't insure mod'd car's - toxo - 01-04-2018
parthiban That's an interesting perspective that I'd never thought of. Obviously if you have susbstantial modifications you need to make sure they're all covered but as far as just an induction kit is concerned it's not really a big deal.
Yes, exactly. You're unlikely to bend an induction kit in an accident where you'd still want to keep the car afterwards. And lets remember that there is a difference between declared and covered. All mods should always be declared but you don't need me to tell you that
parthiban And I think it's not just admiral, none of the big name insurers will actually cover mods, they just allow you to have them.
Well, that's clearly not the case as I'm insured with Lloyds/Chaucer who are a massive underwriter! Underwriters are a bit like internet service providers - there are loads of resellers, so seemingly loads of insurance companies, but when you dig a little deeper there are only a handful of underwriters and all your insurance company is doing is reselling their services and taking a cut. If you're lucky then your insurance company is a broker with multiple underwriters and will do their best to find the insurance that is most suited to your application (c.f. not always the cheapest! you get what you pay for) but most only deal with one underwriter.
However most familiar names won't because it's simply too much hassle - 99% of their customers won't have modified cars so they don't really lose out by not insuring the other 1% for their extra trouble.
direct line don't insure mod'd car's - steviewevie - 01-04-2018
Agreed with the issue of what sort of mods you have. For example, the cost of replacing a K&N filter isn't worth worrying about specifically. But if you have a supercharger, it might be a different story !
direct line don't insure mod'd car's - FirebirdPhil - 01-04-2018
The NFU allow re-usable filters and uprated suspension.
direct line don't insure mod'd car's - parthiban - 01-04-2018
toxo Well, that's clearly not the case as I'm insured with Lloyds/Chaucer who are a massive underwriter! Underwriters are a bit like internet service providers - there are loads of resellers, so seemingly loads of insurance companies, but when you dig a little deeper there are only a handful of underwriters and all your insurance company is doing is reselling their services and taking a cut. If you're lucky then your insurance company is a broker with multiple underwriters and will do their best to find the insurance that is most suited to your application (c.f. not always the cheapest! you get what you pay for) but most only deal with one underwriter.
However most familiar names won't because it's simply too much hassle - 99% of their customers won't have modified cars so they don't really lose out by not insuring the other 1% for their extra trouble.
Yep you're absolutely right, I didn't mean underwriters but rather the big name brokers like Admiral, Directline, etc.......none of these will insure mods on a replacement basis.
But there really is no reason for them to do this as you say, in some cases it may work out cheaper for them - guess it must just be to avoid the hassle.
direct line don't insure mod'd car's - cameron - 01-04-2018
was thinking of nfu.. flux got back to me with a quote of £300 might give them a phone see if they can better it.
direct line don't insure mod'd car's - parthiban - 01-04-2018
Never heard of NFU until this thread, might give them a go for my renewal if they're good as well as cheap
direct line don't insure mod'd car's - cameron - 07-04-2018
got a letter through the post for aviva. gave them a go came up with £312 that will do thank you.
direct line don't insure mod'd car's - Tango - 07-04-2018
Chaucer cancelled my insurance when they noticed I had improved the braking on the IS250 by fitting IS350 calipers and discs. Got a full refund from my broker as I had declared all mods on the original proposal, so got a couple of months insurance for free:biggrin:
direct line don't insure mod'd car's - FirebirdPhil - 07-04-2018
cameron got a letter through the post for aviva. gave them a go came up with £312 that will do thank you.
NFU - National Farmers Union, also open to non members, and non farmers. The reason re-usable filters are allowed is farmers cars spend all their lives on dust tracks therefore it makes sense to allow them to have re-usable filters!! Same with suspension, although our idea of uprated is different to theirs but all the same to their underwriter :laugh:
I used them for my Scooby Legacy when I parked it on a farm most of the time and the farmer told me about the NFU.