I didn't want to hijack the other thread, but I wanted to say something regarding insurance on our vehicles. I don't work for an insurance company, I'm not a broker and I sure don't know everything about insurance, but I do deal with insurance companies on a daily basis so I have heard of some pretty sad stories. So please take this for what it is, and talk to your insurance agent if you have any concerns about your coverage.
What I want to caution people on is whether you are reporting modifications or not to your insurance company. You need to be aware that if a modification you are doing to your vehicle is something that would change your coverage in any way you need to report that. It doesn't matter if you feel you need it for the coverage of the parts or not, but you need to think about it from a liability point of view. If you get in an accident, and you have done some major modifications without reporting it, the insurance company has the right to refuse coverage in some circumstances because of a breach of policy. It's one thing to have no coverage on your vehicle, but what if you injure someone and they sue you. Can you afford to pay that out of pocket? If you can't pay up, are you ready to have your paychecks garnished until it's paid for?
Please be careful with insurance as the insurance companies will have their a$$es covered VERY well. Check over your policies and make sure you are covered. If you need to, put special riders on your policy. If a company says they won't cover you, then I would look for another company that will (or you could look at fighting it...there are some limitations on refusing insurance coverage I believe).
The amount you are covered for should also be carefully looked at, this is no different then with your home policy. If you have $20000 worth of jewelry but your policy only covers $5000, you best be getting some appraisals done and have riders on the more expensive pieces.
Topic: Insurance (Read 3749 times)