When you customize your vehicle with aftermarket parts and equipment, you must be sure that your policy covers all the custom parts you. Custom parts and equipment coverage is an optional add-on to your car insurance policy, and it will protect the custom parts and equipment you've equipped to your vehicle. But what exactly does it cover? And what doesn't it cover? Let's find out.
Understanding Custom Parts and Equipment Coverage
Custom parts and equipment coverage is an optional add-on for your car insurance policy that will protect the custom parts you equipped in your vehicle. The custom parts covered are not part of the original factory equipment of your car, such as aftermarket wheels, stereo systems, or suspension upgrades. This coverage option protects the custom parts installed in your vehicle beyond what your standard auto insurance policy covers.
How Does Comprehensive Coverage for Custom Parts and Equipment Work?
If you have comprehensive coverage for custom parts of your equipment in case you suffer an accident, loss, or stolen, you can file a claim with your car insurer. You will send an adjuster and will investigate the accident. Once your car insurer’s adjusters verify who was at-fault, and check the repair costs of your vehicle will inform the car insurer will give a settlement. That settlement will be worth your car’s repair costs minus the deductibles you set on your comprehensive coverage policy.
What Custom Parts and Equipment are Covered?
This the list of custom parts that are covered by your comprehensive coverage policy:
Suspension upgrades
For example, if you installed a de-dion type coil spring rear end suspension in your car to get more road holding while driving, your comprehensive coverage for custom parts will cover the damages caused when you suffer an accident.
Performance modifications
Performance modifications can include anything, from upgrading the engine and exhaust system to adding a turbocharger or supercharger. These modifications can significantly improve a vehicle's performance. However, they can also increase the risk of damage to the car or its components. Custom Parts and Equipment Coverage
Body modifications
Body modifications, such as custom paint jobs, spoilers, and aftermarket wheels or tires, are often expensive and unique additions to a vehicle. That's why custom parts and equipment coverage will give additional protection for these modifications in case they are damaged, stolen, or need to be replaced.
Lighting upgrades
Lighting upgrades, such as LED headlights, taillights, and fog lights, are popular modifications that can enhance a vehicle's appearance and safety. So if you installed them, your comprehensive coverage for your custom parts and equipment will cover the damages caused during an accident or theft.
Engine upgrades
Engine upgrades, such as performance chips, exhaust systems, and turbochargers, can significantly increase a vehicle's power and performance. These modifications are covered by Comprehensive Coverage for Custom Parts and Equipment, will cover the damage caused in your vehicle by non-collision damages such as floods, fires, or when you accidentally hit a deer, among others.
Interior modifications
Interior modifications, such as custom upholstery, sound systems, and dashboard upgrades, are often valuable and personalized additions to your vehicle. As we all know, if you install JBL sound system in your car, thefts would like to steal it. In that case, your comprehensive coverage for custom parts and equipment will cover it.
Security systems
Security systems, such as alarms and tracking devices, are often added as custom parts and equipment to vehicles. These systems enhance the security of the vehicle and may also reduce your premiums, but they can also be expensive to repair or replace if damaged or stolen. So in case your car suffers an accident or theft, your comprehensive coverage for custom parts and equipment will cover the repair and replacements bills.
What is Not Covered by Custom Parts and Equipment Coverage?
While custom parts and equipment coverage can provide protection for a wide range of aftermarket parts and equipment, there are some things that are not covered. These include:
Wear and Tear
Custom parts and equipment coverage does not cover normal wear and tear on your aftermarket parts and equipment.
Intentional Damage
If you intentionally damage your aftermarket parts and equipment, custom parts and equipment coverage will not provide coverage.
Racing or Reckless Driving
If you participate in racing or reckless driving and your custom parts and equipment are damaged or lost, your insurance provider will not cover the cost of repairs or replacement.
Damage caused by improper installation or maintenance of custom parts
Comprehensive coverage for custom parts and equipment provides protection for specific custom parts and equipment that are permanently installed on a vehicle. However, any damage caused by improper installation or maintenance of those parts is not covered. It’s your responsibility to be sure those expensive custom parts have been installed correctly.
FAQs
Q: Is comprehensive coverage for custom parts and equipment required by law?
A: No, comprehensive coverage for custom parts and equipment is not required by law, but it can provide financial protection for your customizations.
Q: How much does comprehensive coverage for custom parts and equipment cost?
A: The cost of comprehensive coverage for custom parts and equipment can vary depending on your insurance provider and the specific terms of your policy.
Q: Can I purchase comprehensive coverage for custom parts and equipment without having comprehensive coverage for my vehicle?
A: No, you must have comprehensive coverage for your vehicle to be eligible for comprehensive coverage for custom parts and equipment.
Q: What should I do if my custom parts and equipment are damaged, lost, or stolen?
A: If your custom parts and equipment are damaged, lost, or stolen, you know your comprehensive coverage will cover the stolen pieces, so once you file the claim, your car insurer will send and ajuster who will investigate the theft. Once the adjuster finishe the investigation, your car insurer will offer you a settlement.
Q: What factors should I consider when selecting a comprehensive coverage for custom parts and equipment policy?
A: If yoi’re going to buy a comprehensive coverage for custom parts and equipment policy, you should be aware that what that policy covers and what not, the cost of the policy, and the reputation of the insurance provider in Better Business Bureau or the National Association of Insurance Commissioners.
Conclusion
When we install some custom parts and equipment we know that will be quite expensive, that’s why we need to get the best coverage for these parts. Comprehensive coverage for custom parts and equipment is the only way to fully protect your car against non-collision damages such as water damage like floods, fires or acts of God, among othters.
If you’re thinking to add comprehensive coverage for custom parts and equipment, you must understand what this coverage option covers and what not. Each car insurer will specify what is covered in your policy, so you have to check the declaration page of your policy. If you still have some questions about what covers your comprehensive coverage for custom parts and equipment, you can always contact with your car insurance’s agent.
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