What do you guys do for insurance?
05-10-2008, 02:43 PM
#1
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What do you guys do for insurance?
As the title states do you guys get extra coverage for being f/i? If so who is a good company to use especially you inline pro guys. How much extra do you typically pay.
05-10-2008, 04:03 PM
#2
Join Date: May 2005
Location: Tallahassee, FL
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You will need to insure the car for aftermarket parts valued at replacement cost. Not cheap. I cannot quote you my rate, as I am also paying for my wife's car as well (combined quote). You will need to set the replacement value for the agent, its just an additional rider policy, similar to a wedding ring policy on a house.
My conversation with my agent went something like this:
(After establishing the base rate)
Me: "I also have like $2000 in aftermarket parts on the car (Pre-FI, I need to update that). How much will I have to pay to have those insured instead of the OEM parts?"
Agent: "How much would it cost to replace these parts?"
Me: "About $2000"
Agent: "OK. If I add the additional coverage, it will be $xxx.xx per month extra."
Me: "OK, add it."
DONE!
John
My conversation with my agent went something like this:
(After establishing the base rate)
Me: "I also have like $2000 in aftermarket parts on the car (Pre-FI, I need to update that). How much will I have to pay to have those insured instead of the OEM parts?"
Agent: "How much would it cost to replace these parts?"
Me: "About $2000"
Agent: "OK. If I add the additional coverage, it will be $xxx.xx per month extra."
Me: "OK, add it."
DONE!
John
05-11-2008, 11:38 AM
#5
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Join Date: Apr 2007
Location: Lexington, Kentucky
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My agent wanted to come check out the parts and appraise their value as they are. It kind of saved me some money getting sort of a depreciated value (resaleable value).
I am insured with SafeCo (a Progressive Co.) on my parents plan, with Comprehensive (OTC) insurance plus $2800 worth of aftermarket parts, also on the plan is my daily a 1990 Civc DX hatch with 218,XXX miles, and my bill is $900 every 6 months ($150 a month).
I am insured with SafeCo (a Progressive Co.) on my parents plan, with Comprehensive (OTC) insurance plus $2800 worth of aftermarket parts, also on the plan is my daily a 1990 Civc DX hatch with 218,XXX miles, and my bill is $900 every 6 months ($150 a month).
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