Will Auto Insurance Cover the Upgrades to My Vehicle?

When it comes to owning a vehicle in Altamonte Springs, FL, there are a number of ways that you can personalize it to your tastes. Some owners may want to add flames to the side of their sports car to make it that much edgier on the road. Some people may take out the standard stereo system and install a much more expensive version. So the question becomes, will insurance cover these upgrades if they’re damaged in an accident? Blanchard Insurance is here to give you some information, so you’re not caught unawares. 

Your Policy Is Based on Your Make and Model 

The insurance policy is based on the value of the vehicle that you drive. If you don’t let your insurance company know that you’ve made several changes and alterations to the vehicle, then those upgrades will be considered outside your policy. If you tell your carrier that you drive a standard Toyota, then your policy will be designed to cover only the standard equipment that comes with the original model. 

The Importance of Being Upfront  

For some policyholders, it’s easy to take their chances. Maybe the paint job was done by a friend, and the owner feels no need to update their policy. But for others, they invest a lot of time and energy to make their vehicle exactly what they want it to be, only to feel blindsided when it’s damaged in an accident. 

Whether it’s because owners didn’t consider it or you didn’t want their premium to increase, not everyone has their upgrades covered. However, if you’re in Altamonte Springs, FL and you don’t want to be left high and dry, call Blanchard Insurance to discuss how the right policy can cover more than just the standard model.