my broker just told me...
26-Sep-2002, 04:07 PM
#1
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Thread Starter
Join Date: Jul 2002
Posts: 743
my broker just told me...
I just bought insurance with ING HALIFAX
when i took the picture for the insurance company my car was stock.....
today i asked him if i had an after market exhaust and intake, would the insurance company still cover me in an accident.....and he said NO!
The broker told me that if i add anything that will increase my horsepower that the insurance will not cover me in case of an accident.......
is that true??!!!
HELP!
when i took the picture for the insurance company my car was stock.....
today i asked him if i had an after market exhaust and intake, would the insurance company still cover me in an accident.....and he said NO!
The broker told me that if i add anything that will increase my horsepower that the insurance will not cover me in case of an accident.......
is that true??!!!
HELP!
27-Sep-2002, 12:30 AM
#4
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Join Date: Apr 2002
Location: REDLINE
Posts: 2,759
theoretically they could deny to pay for anything because they can argue your car is in a higher risk bracket with modifications. try shopping around for other insurance companies, some do exist that dont care about cars being modified.
actually my insurance company is the same, they wanted to double my premium when they found out i have intake/header (exhaust didnt matter to them). i got out of that though (dont ask how
) but i think i might be in trouble if my car gets in an accident. *knock on wood*
actually my insurance company is the same, they wanted to double my premium when they found out i have intake/header (exhaust didnt matter to them). i got out of that though (dont ask how
) but i think i might be in trouble if my car gets in an accident. *knock on wood*
27-Sep-2002, 03:37 AM
#5
Senior Member
Join Date: Sep 2002
Posts: 721
its right..insurance company will not cover you if you add those things. infact they can cancel you right now if they think it's a risk. if you dont tell them anything and you do get into an accident, they will not cover you for it.
27-Sep-2002, 03:55 AM
#6
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Join Date: Apr 2002
Posts: 747
If you tell them your plans and they take you monthly payments there bound by that contract and infact MUST cover you
but they can write off the car and not re-new
remember you signed a contract
I'm also with ING and they cover everything on my car
but they can write off the car and not re-new
remember you signed a contract
I'm also with ING and they cover everything on my car
27-Sep-2002, 04:56 PM
#7
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Join Date: Apr 2002
Location: REDLINE
Posts: 2,759
Originally posted by cluster
If you tell them your plans and they take you monthly payments there bound by that contract and infact MUST cover you
but they can write off the car and not re-new
remember you signed a contract
I'm also with ING and they cover everything on my car
If you tell them your plans and they take you monthly payments there bound by that contract and infact MUST cover you
but they can write off the car and not re-new
remember you signed a contract
I'm also with ING and they cover everything on my car
09-Oct-2002, 09:53 AM
#9
Registered User
Join Date: Mar 2002
Location: www.mojonation.ca
Posts: 6,036
why don't you tell your insurance company and pay the extra $20/month they're gonna charge you 
it's better to pay a lil bit more now, and be fully covered, then to not tell them, and then have them deny your claim after you write off your car...
it's better to pay a lil bit more now, and be fully covered, then to not tell them, and then have them deny your claim after you write off your car...
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