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Discussion Starter · #1 ·
I keep adding more stuff to my FJ and have been planning to call my insurance company (GMAC) and ask about additional coverage. Finally remembered and added $4000 ($39.95 additional premium) to cover a small part of all the "stuff". It is only a fraction of what I have invested but all Montana law allows. Has anyone else looked into this and does your state have strict limits as does Montana?

Unless the truck is stolen or truly totaled I would be able to recover a lot of the added equipment so the $4000 is not as far off as it first seemed.

Alan
 

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Our insurance states that we must keep all receipt of add on's that we invested in the vehicle to have covered at the time of accident. No more added insurance is needed. Also as long as we're on a road, dirt or not we'll be cover so long as we're not "racing" the vehicle.
 

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Colorado law states:

Any after market upgrade must be endorsed to the policy in order to be covered. IF not endorsed, then regular standard OEM equipment value will be used. This is if you are at fault in the accident.

However, if Jim Bob Smith hits you and is at fault, then his insurance company will replace your after market equipment and mods as he is responsible.

Athena- I would be interested to know which insurance company is providing coverage for costs greater than Standard equipment without collecting additional premium.
 

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State Farm, I asked them about 3 years ago when I specifically called to see if I needed more to cover my aftermarket items.. weird.
 

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Geico included all my upgraded when i totaled out my fj and gave me 4500$ in xtra worth, also when i was t boned it was my fault and my insurance company put a set of new tg sliders on i was paying full coverage nothing xtras for the add ons
 

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i was told my StatFarm's in 2 different states for 2 different modified vehicles to keep all receipts as well. and take a lot of pictures as up to date as possible
 

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Discussion Starter · #7 ·
Any other states wanna pitch in? I'd really like to hear from someone in Montana that has some serious add-ons.
 

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Colorado law states:

Any after market upgrade must be endorsed to the policy in order to be covered. IF not endorsed, then regular standard OEM equipment value will be used. This is if you are at fault in the accident.

However, if Jim Bob Smith hits you and is at fault, then his insurance company will replace your after market equipment and mods as he is responsible.

Athena- I would be interested to know which insurance company is providing coverage for costs greater than Standard equipment without collecting additional premium.
I have USAA, I was told the same pictures and/or receipts and its covered

Mike
 

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Our insurance states that we must keep all receipt of add on's that we invested in the vehicle to have covered at the time of accident. No more added insurance is needed. Also as long as we're on a road, dirt or not we'll be cover so long as we're not "racing" the vehicle.
thats what I was told, 3 different times by my agent (farmers) then when my 99 lost the balljoint, they totalled it, and did NOT want to pay for my (armorology) bumpers, and yes, I had the receipts, long story short, they did end up paying me for them, but talk about a battle :flame:
Once I get bumpers on the 04, Im going to look into adding a Rider on the policy, I just dont trust Insurance agents/companies and what they say to my face.
 

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Our insurance states that we must keep all receipt of add on's that we invested in the vehicle to have covered at the time of accident. No more added insurance is needed. Also as long as we're on a road, dirt or not we'll be cover so long as we're not "racing" the vehicle.
I just inquired about this also since adding more aftermarket stuff lately, the insurance company (American Family) wants a independent appraiser to look it over first. They will also cover on/off road as well, but no competion/racing of vehicle either.
 

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Something to remember here is that your insurance company is effectively 'buying' your truck from you if the 'total' it. SOOOO, by declaring all your mods to them they will expect to recover the vehicle WITH all those mods if you wish to receive your full policy payout. In other words, if you add mods to the truck and insure them for 'X' dollars, the insurance folks will not give you the fmv + 'X' unless you give up all the mods you declared, be they damaged or not. I.E. They will not pay for items you retain.

I did not have any additional coverage initially with my insurer, USAA. When I totaled my first FJ I had to remove nearly every mod and put factory items back in place. Thanks to Martin, (BirdMan) this was possible because he lent me all the factory items I needed. The lesson I learned was to retain all the stock items replaced.

So I update my policy with additional mods individually if I feel their loss would be a financial burden. This way I can retain the items worth saving, and be fairly compensated for those lost to collision damage. Naturally all this is dependant on my truck not being used for 'sanctioned competition'.
 

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Here in Ohio I think its the deal with you and your insurance company not so much a state law. My sequoia caught fire and I had $7000 in audio/Video equipment and another $3000 in rims/tires and $7000 in SC and exhaust.

I had to send them prior to the fire copies of receipts because standard coverage nothing was covered that wan't stock. American family.

I must admit they covered everything with NO hassle and gave me Retail value of my sequoia at the time of its death. That part is state law. They are required to use retail value and not trade in. They also have to as long as I bought a car within 30 days pay the tax on the new car. From Fire to my check was less than three weeks. They did send the truck to a Arson specialty company who determined the audio company that ran O gauge wire through the fire wall didn't use a gromet and it started the fire. They sued the audio stores insurance company.

I was on a first date that night still dating her..


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Here in Canada the government pays for all our insurance so no worries or cost
 

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Here in Canada the government pays for all our insurance so no worries or cost

"LOL" Where does your Government get so much money to do these things? Really Curious on who pays for peoples insurance that don't work? Baffling to me....
"Problem with socialism is you eventually run out of other people money" Margret Thatcher
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