mods v insurance
Discussion
Its best to ring around, & around again & again, until the law of diminishing returns kicks in IYSWIM 
A PH sticky/FAQ/WIKI shortlist of likely candidates, phone numbers & a note of features would be a nice resource I must admit
The question does crop up quite often... I guess some of the comments/info might cause problems with the name/shame? TGP Simon?
A PH sticky/FAQ/WIKI shortlist of likely candidates, phone numbers & a note of features would be a nice resource I must admit
The question does crop up quite often... I guess some of the comments/info might cause problems with the name/shame? TGP Simon?daz the plumber said:
why say anything ! what do they know about mods , i can`t seem them stripping the engine or putting it on a rolling road ,just change your insurance company and stick a few k on the value .
Faced with a very large payout, the insurance company might want to go over your car with a fine toothcomb.spend said:
Maybe It will go down if you improve brakes & handling I can't see how they can load you that much for 330bhp - considering the 'book' bhp which the insurance companies must use?
I thought that, especially after Talking to Hagerty’s rep at Rockingham. He had said that they were fairly relaxed about modifications, provided you didn’t increase capacity. I can't see how they can load you that much for 330bhp - considering the 'book' bhp which the insurance companies must use?The guy at Hagerty’s who deals with the TVR policies is an ex Griff owner. I sent him a list of mod’s without affecting the policy.
As soon as I said “and a V8 Developments engine” the price went up. I kept it to 5 litre and said so, but no good.
Either the guy has it in for V8D, or he thinks they build rather special engines.
I know it has roughly the power claimed by TVR, but it bears little resemblance to a standard engine. The premium is I suppose based upon the cars performance, rather than the figure TVR gave. We all know TVR’s book figure was written by the Brothers Grimm.
It has a totally different character to the normal 500. It’s more like a Pre-cat. Only smoother, faster and quicker to rev.
It’s way quicker than a standard car on the road and so I suppose it’s reasonable that they charge more. Mind you, a better quote would always be good.
This all sounds familiar. I'm with hagerty. I mentioned the adjustable shocks, SH ARB Droplinks, drilled/grooved disks and redstuff pads. The response: So it now handles better and stops quicker. Excellent. No extra charge. The only engine mod is the fitting of an ACT induction kit as my pipework wasnt very healthy. No charge for that either.
Just had A-plan trying to get me to to renew. £140 more than last year after the car was written off with a Cat D rating this year. Accident not my fault. Car now back on road. I inquired the reason for such a large increase, they said it was because the car was written off. Cant accept that the premium should go up since it is only cat D and now worth considerably less! Not renewing.
daz the plumber said:
why say anything ! what do they know about mods , i can`t seem them stripping the engine or putting it on a rolling road ,just change your insurance company and stick a few k on the value .
You, Sir, are an eejit. If you run down a 22 y/o breadwinner with 2 small children and cripple him, your insurers will go over your car with an electron microscope to find a reason not to pay the £20M damages. And if (when) they find a reason, then *you* will have to pay them. For the rest of your life.And worst of all likely to tar all of us with the same brush... which effectively skews our premiums!
With generally more enthusiasts instead of lunatics owning cars the overall risk assessments should be going down IMHO. Many of us have devoted immeasurable amounts of time & money to our cars that is laughable in terms of insurance cover without nutters spoiling the balance anyway. Just look at the number who will repair their own cars after their insurance companies write them off... I always make sure mine is at an agreed value to cover complete rebuild, the market value is of no real interest to me.
With generally more enthusiasts instead of lunatics owning cars the overall risk assessments should be going down IMHO. Many of us have devoted immeasurable amounts of time & money to our cars that is laughable in terms of insurance cover without nutters spoiling the balance anyway. Just look at the number who will repair their own cars after their insurance companies write them off... I always make sure mine is at an agreed value to cover complete rebuild, the market value is of no real interest to me.
Well said Spend.
I bought my new Chimaera on Saturday and called my insurance company this morning to update my policy.
This new car has a straight through exhaust with primary cats removed, an ACT induction kit and 17" Team Dynamic alloys on each corner- all categorised as mods by my (any) provider.
These resulted in a £95 increase over the year. It was a pleasure to pay this as, had I not, they would have every reason to pay out pennies should something (even non-fault) occur...and I suffered 5 non-faults on my last one..
I bought my new Chimaera on Saturday and called my insurance company this morning to update my policy.
This new car has a straight through exhaust with primary cats removed, an ACT induction kit and 17" Team Dynamic alloys on each corner- all categorised as mods by my (any) provider.
These resulted in a £95 increase over the year. It was a pleasure to pay this as, had I not, they would have every reason to pay out pennies should something (even non-fault) occur...and I suffered 5 non-faults on my last one..
After other hitting of nail heads Dave said.
My problem is that, especially in a falling market, Hagarty are reluctant to increase values.
In the worst case scenario, a fire, I couldn't even transfer parts to a replacement car.
All I want is garrenteed reinstatement to my current position.
They can see the invoices and inspect the car if they like.
Who are you insured with Dave?
spend said:
I always make sure mine is at an agreed value to cover complete rebuild, the market value is of no real interest to me.
That's exactly how I feel.My problem is that, especially in a falling market, Hagarty are reluctant to increase values.
In the worst case scenario, a fire, I couldn't even transfer parts to a replacement car.
All I want is garrenteed reinstatement to my current position.
They can see the invoices and inspect the car if they like.
Who are you insured with Dave?
Competition car Insurance used to cover my last griff,which was well modified.I'm now with Hagerty though,as CCI couldn't provide agreed value on the current Griff.I never had a problem with CCI,and was also really pleased with my Hagerty quote and policy,would recommend either company 
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