insuring after-market parts

after i had my lift, rims, and tires installed, i started thinking about the replacement of those parts if the the truck (or specific parts) were stolen or if i got into an accident.

so, i sat down with my insurance agent (Farmers) and she informed me that they do not automatically cover any after-market parts. she also cited some examples of where some of her customers assumed that everything was covered only to find out that, when they filed a claim, they were not covered. so, we went though all the after-market parts that were installed on my truck and had them added to my auto policy.

to cover everything, it was an additional $45 a year to cover $3500 in parts. well worth it in my opinion.

so, has anyone else thought about this?

 

I get 1000 in coverage for the bike and 3000 for the truck as part of my policy. I haven't gone over that on either.

 

Good point OP. I don't have a lot of parts into mine yet, but something I should call Allstate about and see what they say...

 

have you seen the prices for stock parts? Compared to what your replacing most of your aftermarket parts will be below the price of stock ones. Not to mention the place you would end up taking your truck for repair is going to work with you on this. I don't insure mine b/c if anything happens my mechanic will make sure i get everything that i origionally had regardless. Not to mention insuring aftermarket parts makes your insurance go up quite a leap in price

 

mine went up $45 a year.

 

hmm... i dont know about that.
the stock bf goodrich rugged trails are $145 a piece.
the mickey thompson mtzs are $225 a piece

the total chaos UCA's are ~$720 and i doubt the stock UCA's are that much.

the toytec coilovers are ~$700 and i doubt the stock coils and shocks are that much.

rims, i am not too sure. mine were $125 a piece and i can see toyota charging that much for stock rims.

not to mention the parts that are in addition to the truck such as the add a leaf, diff drops, shims, etc. i know, those are relatively cheap, but an insurance company wont pay to replace those because they arent factory parts.

 

better check with your insurance company.

 

I'm pretty sure adding after market bumpers is doing a favor for the insurance. Does that mean I get a discount?

 

I'm not sure on every stock part but I know for sure that Toyota of Sacramento wanted $600 each for stock leaf packs... for that price I could get a really nice custom pack and still have $500 in my pocket

lol, stock UCAs are $415 each http://www.toyotapartsales.com/part...coma&year=2010&catalogid=1&displayCatalogid=0

I paid like $400 for both my LR UCAs

stock springs $135 each

 

I switched insurance companies, they wanted receipts for aftermarket parts and I no longer had the receipts. So I don't have extra coverage, but I don't have expensive parts to be concerned about either. But they cover aftermarket parts on ATV's without receipts .

 

GOOD subject people.

Just bought a E-350 1ton $15,000 ford van with another $15,000 worth of handicap modifications for my wifes van.I owe 30K on the van. I had my agent put some gap insurance on it. I cant recall but it was very inexpensive like 100 more per year so covered if it gets totaled.First time Ive ever bought Gap.Hope I dont have to use it.

Also, check your towing on your policies.Often its like 2 dollars a month extra.
Way cheaper that AAA and the similar.

 

Just make sure you guys read through you're policies when you're agent tells you that "you're covered". There are a ton of agents that don't completely know what they're selling, and will give you quick answers to keep your business.

 

Absolutely,I know my agent for over 20 years.I can only hope he tells the truth. I have had some claims (not my fault) hit and run & no insurance(welcome to Az.) and he has been great, as far as agents go.
But yes,

"Caveat emptor" Buyer Beware