There are lots of car on streets which have customized vehicles as non-stock spoilers with enhanced engines raised suspensions and others. But while adding up of the performance parts and styling features may make your vehicle look good but it would definitely impact auto insurance.
So before one adds a turbo changed engine, the rims on the window you need to take care that you contact your insurance broker or insurer to make the right coverage. The insurance experts point out that the vehicle modification would increase the risk and the premium.
Adding modifications to the car will put motorists at a greater risk of collision, then having a car with lowered suspension which would increase the size of engine. The vehicle would become untrustworthy on the road which would impact your safety to access the coverage.
Even the modifications one have would result in the insurance risk of the vehicle, with an improved brake system to increase the cost of insurance for the following reasons:
The modifications might lead to increase of value of vehicle and tend to pay up the insurer in an event of claim.
The modified vehicles are all the more attractive to thieves which would increase the risk of theft.
The vehicles with performance modification generally mean that the performance of the vehicle is improved to leading up of more accidents.
The insurer would thus refuse to pay up the claim and leave one uninsured if one does not have disclosed modification to the vehicle. So one needs to invest the time and money on a project which could reduce the premium, on calling of which the broker or insurance company needs to verify about insurance validity.
Adding modifications to the car will put motorists at a greater risk of collision, then having a car with lowered suspension which would increase the size of engine. The vehicle would become untrustworthy on the road which would impact your safety to access the coverage.
Even the modifications one have would result in the insurance risk of the vehicle, with an improved brake system to increase the cost of insurance for the following reasons:
The modifications might lead to increase of value of vehicle and tend to pay up the insurer in an event of claim.
The modified vehicles are all the more attractive to thieves which would increase the risk of theft.
The vehicles with performance modification generally mean that the performance of the vehicle is improved to leading up of more accidents.
The insurer would thus refuse to pay up the claim and leave one uninsured if one does not have disclosed modification to the vehicle. So one needs to invest the time and money on a project which could reduce the premium, on calling of which the broker or insurance company needs to verify about insurance validity.
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