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Thomas
Fordmods - Getting Side Ways
Age:21
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Location: Greenacre NSW, Australia
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 Posted: Sat Nov 20, 2004 3:19 pm Post subject: Insurance.. |
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I am thinking about doing a sub install 2x12' or 1 15'. My question is if i set up a amplifier will my insurance go up, do i have to tell the insurance company and if i have an accident and i haven't told the insurance company will they still cover it?
Im pretty sure the answers will be yes, yes and no. Can some one shed some light on this subject? By the way i don't know the name of the insurance company, my dad does all the work  |
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Daniel
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| Posted: Sat Nov 20, 2004 3:26 pm Post subject: |
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Honestly i wouldnt bother telling them - unless you wish for it to be covered incase of theft..
It shouldnt make a difference to them insuring u, its only something you carry in your boot lol, not like youve got a working turbo back there pumping out 300+rwkw that you havnt told them about LOL!  |
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Thomas
Fordmods - Getting Side Ways
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| Posted: Sat Nov 20, 2004 4:28 pm Post subject: |
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| Daniel wrote: | Honestly i wouldnt bother telling them - unless you wish for it to be covered incase of theft..
It shouldnt make a difference to them insuring u, its only something you carry in your boot lol, not like youve got a working turbo back there pumping out 300+rwkw that you havnt told them about LOL! |
Glad to hear.
My main concern was the amplifier because it's wired to battery i thought that they would have some thing against it and maybe bring that up if I have an accident. |
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DMac
Fordmods - Getting Side Ways
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| Posted: Sat Nov 20, 2004 7:13 pm Post subject: |
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| it cost $25 for $1200 worth of audio in the car. i have installed a system. i think it will have to go up to $1600 because i have put another amp in. did it just to be on the safe side. thats what insurance is for. |
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Daniel
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| Posted: Sat Nov 20, 2004 8:02 pm Post subject: |
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Yep, as i said if you want it covered let them know, its not like it will cost the earth however most companies will have an audio/visual insurance limit of either 3-5k as ive found.. Just ring up n ask how much it will go up, dont give them your details or anything, just a general inq. will find it more than likely $50-$80 pa max in your situation i rekon.  |
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Chicken
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| Posted: Sat Nov 20, 2004 8:10 pm Post subject: |
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| I highly recommend that you tell your insurance company about EVERYthing! They'll always find some loophole to not cover you! |
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Waggin
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| Posted: Sat Nov 20, 2004 8:21 pm Post subject: |
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| Daniel wrote: | | Yep, as i said if you want it covered let them know, its not like it will cost the earth however most companies will have an audio/visual insurance limit of either 3-5k as ive found.. Just ring up n ask how much it will go up, dont give them your details or anything, just a general inq. will find it more than likely $50-$80 pa max in your situation i rekon. |
Most also have a condition where the value of the AV equipment cant exceed 20% of the market value of the car.
Thats a bit tough when just one of your amps is worth $3800, in an EF GLi Wagon  |
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Mr AUII
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| Posted: Sat Nov 20, 2004 8:52 pm Post subject: |
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| All points have been covered. Insurance company does not need to know unless you want it covered. It will not void the insurance if you make a claim. They usually only cover 20-30% of vehicle value. However if you do have an acident (rear ended) and you have a nice boot install you may have to take it out cos half the crash repairs have no idea where all the audio goes and comes from when repairing the rear end and it is in their way. |
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Thomas
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| Posted: Sat Nov 20, 2004 11:10 pm Post subject: |
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Thanks for the advice,
My main worry was if the car is covered in event off a crash, theft doesn't really concern me as 1. It won't be expensive gear and 2. The car looks quite subtle only rims.
I apreciate the advice.
Cheers lads |
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LG
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| Posted: Sun Nov 21, 2004 12:44 am Post subject: |
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| Personally I'd get your insurance to cover your Head Unit as that is the most likely thing to be stolen. And if you spend heaps, and get some of the top range gear i'd put it on. Cause if you do get it taken, you could be forking out, more than what your premium would go up by. Some insurance companies won't even raise ur premium for accessories, so check with them first. |
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twr7cx
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| Posted: Sun Nov 21, 2004 9:23 am Post subject: |
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| Mosty insurance companies don't give a toss, or just let you say that you have a 'sound systemt o the value of $x.xx". That way you don't have to list specifics and your sound system is covered for it's value. But most wouldn't mind if you don't tell them about it - but then it's not covered. Most insurance companies also let you have a certain amount or value of accessories before they increase the insurance price. |
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joolz
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| Posted: Sun Nov 21, 2004 10:22 pm Post subject: |
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| i recently advised my insurance company of my audio system to the value of $1500 and there was no extra premium but now its covered, its only a phone call to find out! |
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ghiawar
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| Posted: Mon Nov 22, 2004 12:34 am Post subject: |
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| with my insurance they only asked me what the purchase price of the stereo was, and added it to my policy. I think it added about 60 cents a month to my premium, well worth it, even if it is "cheaper" stuff. |
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LTDHO
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| Posted: Mon Nov 22, 2004 8:55 am Post subject: |
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| Chicken wrote: | | I highly recommend that you tell your insurance company about EVERYthing! They'll always find some loophole to not cover you! |
This is a load of crap!
If you don't want the stereo covered due to increase in premium. Don't tell them but keep photo's of the install and all the receipts. Don't keep them in the car1 |
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4.9 EF Futura
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| Posted: Mon Nov 22, 2004 9:06 am Post subject: |
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| LTDHO wrote: | | Chicken wrote: | | I highly recommend that you tell your insurance company about EVERYthing! They'll always find some loophole to not cover you! |
This is a load of crap!
If you don't want the stereo covered due to increase in premium. Don't tell them but keep photo's of the install and all the receipts. Don't keep them in the car1 |
So what if there is a problem with the amp and it burns the car to the ground? Duty of disclosure can act in funny ways.
It is possible to tell them about it without it being included in the policy.
I dont the exact answer, sorry. But do you want to take the undue risk? I'd say a friendly phone call is not a bad idea, just to know their stance on it. It's only going to consume 1 minute of your day. Takes longer to make a cup of coffee. |
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twr7cx
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| Posted: Mon Nov 22, 2004 12:19 pm Post subject: |
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| 4.9 EF Futura wrote: | | I dont the exact answer, sorry. But do you want to take the undue risk? I'd say a friendly phone call is not a bad idea, just to know their stance on it. It's only going to consume 1 minute of your day. Takes longer to make a cup of coffee. |
4.9, with a comment like that it'[s obvious that you don't have insurance! Last time I rang, it took 10 minutes to talk to someone, there busy all the time! I coulda made coffee for the entire suburb in that time!  |
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4.9 EF Futura
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| Posted: Mon Nov 22, 2004 12:32 pm Post subject: |
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| twr7cx wrote: | | 4.9 EF Futura wrote: | | I dont the exact answer, sorry. But do you want to take the undue risk? I'd say a friendly phone call is not a bad idea, just to know their stance on it. It's only going to consume 1 minute of your day. Takes longer to make a cup of coffee. |
4.9, with a comment like that it'[s obvious that you don't have insurance! Last time I rang, it took 10 minutes to talk to someone, there busy all the time! I coulda made coffee for the entire suburb in that time! |
I know people in the industry |
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elXR
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| Posted: Mon Nov 22, 2004 12:37 pm Post subject: |
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| 4.9 EF Futura has a good point though...even if it is 10 minutes..dont you think its worth it, sometimes they add the stereo value and dont even raise premiums. its worth checking out |
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twr7cx
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| Posted: Mon Nov 22, 2004 12:44 pm Post subject: |
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| elXR wrote: | | 4.9 EF Futura has a good point though...even if it is 10 minutes..dont you think its worth it, sometimes they add the stereo value and dont even raise premiums. its worth checking out |
Yeah, I totally agree, was just being a smart a*** about it taking longer than 1 minute... Unless you know someone in the industray and have there personal line, but how come you go no insurance then 4.9? |
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4.9 EF Futura
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| Posted: Mon Nov 22, 2004 12:56 pm Post subject: |
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| twr7cx wrote: | | elXR wrote: | | 4.9 EF Futura has a good point though...even if it is 10 minutes..dont you think its worth it, sometimes they add the stereo value and dont even raise premiums. its worth checking out |
Yeah, I totally agree, was just being a smart a*** about it taking longer than 1 minute... Unless you know someone in the industray and have there personal line, but how come you go no insurance then 4.9? |
No comprehensive.... a subtle difference (no 3rd party pretty irresponsible unless you have millions in cash laying around). Yeah i know a few people but not really appropriate to get discounted premiums through them. Actually, there's specific legislation that says i go to jail for doing so, lol.
AS for why i dont go comp insurance...... 23 years old. Little insurance history. Supercharged V8...... |
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