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Insurance Do’s and Don’t

This is from 24Hrs newspaper today.

How do insurance companies decide which modified vehicles are too risky?
The following lists explain why you could be declined, or why your rates could go up.
Decline:

· Kit cars, Replica cars;
· Lowering or raising chassis;
· Oversized tires;
· Suspension modification;
· Engine modification;
· Exhaust modification.

Increased Rate:

· Mag wheels;
· Specialty paint;
· Electronic sound system is not factory installed.

Decline Comprehensive Coverage:

· Excess value due to modifications not made to enhance performance;
· Value of paint job excessive to year and make of model;
· Value of electronics excessive of year and make of model.


Why don't they just say you can do f*** all to your car and keep it really simple. Its just getting ridiculas to see what these insurance companies are doing. The sad part is to see them get away with it as well. They are not leaving any space for anything. Mind as well just close all the car companies out there and just make plain boring Buicks for people to drive.