Friday, February 10, 2012

Car insurance quotes for Modded cars



"Finding low car insurance quotes for modified cars"

All insurers need to know if a car has been modified. The stats of the insurers generally show that modified cars are involved in more claims, not just accidents but there is a greater likely hood of the car being stolen. There is also the possibility that lower suspension or wider wheels could adversely affect the handling of the car so the model they rated and gave a group to does not apply to your unique vehicle. So an underwriter needs to agree 'terms' of cover. Even stickers could represent a 'Moral hazard' to the insurers. Failure to notify insurers could render your insurance invalid leaving you to face prosecution for failure to buy adequate car insurance for your vehicle or if a claim is paid on your behalf they could well ask for reimbursement of amounts paid out for you so even if you are Third Party Only you could lose out.

Insurance - notification of modifications.

How do insurers set rates for modified cars and custom cars?

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