Modded car owners: Will you be compensated for mods?

[sleepydsm]

Lets use a 1G for example, lets say you have a modded 1G, $10,000 invested, and proof of it with receipts and such. Lets say the 1G "Blue book" value is $2,500. If your car is totaled or anything, will they compensate for all your mods? Or are you screwed?

[Goat Blower]

Depends on the insurance company. I've always had mine insured for what I can prove I have in it. Luckily I've never had to find out.

[95talonracer]

I think if I remember right, you have to have an addition to your insurance policy for them or at least that is what I have heard from others.

[blageo23]

When I had my grand prix I got more money when it got totalled because I had "Mods" on it. I did not have different insurance or anything. And also Mike didnt have different insurance either and he got extra money for his SI.

[A//// Guy]

You typically have to have additional coverage on your car before the accident or whatever. That will cover the $$ parts that may be lost/stolen/broken.

[JET]

Yes, you should have additional coverage. I too got extra money from a mod'd car getting totalled, but they have a limit and it was like 10% of the value of the car or something. That was with Allstate.

[DSM_421]

I thought if it was over 10 years old insurance companies won't cover the modifications?

[Goat Blower]

I specifically went over this with my Farmer's agent who was also a close friend. My mods were completely covered as long as I had pictures of the mods installed on the car, they couldn't be laying on the seat per se. There was no extra charge for this, just having full coverage on a 10-year old car was enough.

[Scrmegl]

Steve is correct. I am a Farmers Agent and I recently spoke with an Underwriter on this issue. If you have verification of what was installed on the car and it is an item that is "bolted" on it will in most cases be covered. It is recommended to let your agent know what you have so it is noted ahead of time. Dated photos work nice. The underwriters were more worried about full body kits and such since that is more likely to be damaged. Other companies may not be as lenient so you should ask your agent.

[iceminion]

I know this is slightly off topic, but my brothers car was recently in an accident, and I am in the process of getting a hold of the insurance company, I do not know what to expect from the incident.

I was driving west on 81, a tow truck was driving east on 81, its wheel fell off and smashed into me. (one in a million shot)

We just finished installing a freshly rebuilt 6-bolt 20 over, TRE Stage 2 Trans, V-Trim, and all the supporting mods.

This car was Alex's from MAP, it has NO RUST.

Needless to say that combined parts + labor, to recreate this car would be over 10 grand.

If they total it should I ask for the total it would take to recreate it?

or do you think they might fix it?

do you think I should sue for gross negligence?