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Forum Member
 
Group: Forum Members
Last Login: 7/9/2011 11:44:54 AM
Posts: 44,
Visits: 785
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| Anyone have any experience/recommendations/advice about insuring a modified BMW? In particular, how do insurance companies here in TX respond to things like superchargers? I'm not so much interested in whether the aftermarket parts would be covered as I am in whether they might decide to drop my coverage for some reason. I can only begin to imagine the problems that could arise... from having them drop my coverage from merely reporting the presence of a SC to not reporting it and then having them deny a claim for having failed to report it. Does anyone have any experience with this? Thanks!
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Forum Member
Group: Forum Members
Last Login: 7/9/2011 11:44:54 AM
Posts: 44,
Visits: 785
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Thanks! Lots of good info here.
Sorry if I wasn't clear in my original question. My biggest question really was whether or not it's in my best interest to disclose the fact that I may be adding a supercharger to my car... which I think you have addressed. Like I said, I'm not so much concerned about whether the aftermarket parts are covered under the policy as I am in making sure that I don't compromise my existing coverage due to some loophole in the policy.
For clarification, my first concern involved having my policy dropped merely as a result of reporting a SC up front. In this regard, I think your response indicated that I may indeed increase the likelihood of non-renewal of my policy.
My second, not so clearly worded, concern was that my insurance company might somehow be able to void my policy and deny any and all claims as a result of my failure to disclose the presence of a SC on my car. I wouldn't want to file an accident claim at some point in time only to find out then that I effectively had no coverage whatsoever due to my failure to disclose the SC. Sounds like this shouldn't be too much of a concern.
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Forum Guru
Group: Forum Members
Last Login: 8/27/2011 8:31:24 PM
Posts: 55,
Visits: 1,869
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Is there a type of auto insurance policy that has can have a predetermined value set on the car?
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Supreme Being
Group: Forum Members
Last Login: 9/21/2011 9:37:53 AM
Posts: 320,
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Forum Member
Group: Forum Members
Last Login: 11/9/2009 8:05:40 PM
Posts: 32,
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Since you brought up the business use topic, i have 2 questions:
1. Let's say I have a personal vehicle that is registered to me, in case of a loss due to my fault, will insurance cover the damages if the car has company livery on it(ex. logo/contact info)?
2. If the vehicle is registered under a company name and not my own, can i still put it on my personal policy? or a separate policy must be obtained?
thanks a lot.
Auto-X noob
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Forum Guru
Group: Forum Members
Last Login: 8/27/2011 8:31:24 PM
Posts: 55,
Visits: 1,869
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MW,
Thanks for taking the time to explain ACV coverage in detail. It's great having a resident auto insurance expert in the club!
--Shaun
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