Modifications - Insurance - SV650.org

22-02-10, 09:56 PM

Just wondering how finely the insurance companies go into detail when concerning modifications. Do you inform them of every little mod, no matter how trivial? Do you inform them of mods you put on whilst the bike is insured? If so, does that change anything, do you have to pay more on the spot?

Thanks

22-02-10, 10:00 PM

most are quite good, i told them about the mods to my R1 like the pazzo leavers, braided lines and crash protection. it made no diff to the policy cost.

exhausts, i think unless it actually increases power by more than about 5% it should be ok. Race systems may increase the insurance a bit more.

22-02-10, 10:03 PM

Yea, basically most none performance mods are fine, but let them know... Not sure about PC3's and such, kinda need to find out though if im ever going to get mine fitted...

22-02-10, 10:04 PM

well concidering PCIII are a performance mod i would guess that they wil cause it to increase a little bit.

22-02-10, 10:34 PM

crash protection (assuming you mean bungs etc?) should make the policy cheaper. Seeing as they'd have less to pay in the event of an accident

fizzwheel · 22-02-10, 10:36 PM

Declare everything, if you cant afford the premium increase for the modification you are doing, then dont do the modification.

Dont give them any excuse to get out of paying because you didnt declare anything.

The mods on my GSXR didnt effect the premium, neither did the ones I did to my SV...

yorkie_chris · 22-02-10, 10:45 PM

When you get quotes get them with modifications declared. If you shop around you can find them.

I didn't bother with most stuff, just the serious stuff, suspension, brakes, engine tuning. All rest is cosmetic bumf that you can argue about.

I try to be slightly vague with descriptions and get them to send me a letter confirming they know about these things. That way ball is in their court to ask for more detail or an engineers report and I've got proof I've gone out of my way to give them the facts.

YMMV. I make no claim to knowing anything about insurance companies or how to deal with them.

23-02-10, 08:37 AM

Thanks for your replies guys.

What do I do if I add a modification whilst I am insured? Do I phone them and tell them or just leave it be till renewal?

fizzwheel · 23-02-10, 08:41 AM

Quote:

Originally Posted by Triv650

What do I do if I add a modification whilst I am insured? Do I phone them and tell them or just leave it be till renewal?

Phone them and tell them ASAP.

23-02-10, 08:45 AM

And what will they do?

22-02-10, 09:56 PM	#1
Triv650 Guest Posts: n/a	Modifications - Insurance Just wondering how finely the insurance companies go into detail when concerning modifications. Do you inform them of every little mod, no matter how trivial? Do you inform them of mods you put on whilst the bike is insured? If so, does that change anything, do you have to pay more on the spot? Thanks

22-02-10, 10:00 PM	#2
neio79 Guest Posts: n/a	Re: Modifications - Insurance most are quite good, i told them about the mods to my R1 like the pazzo leavers, braided lines and crash protection. it made no diff to the policy cost. exhausts, i think unless it actually increases power by more than about 5% it should be ok. Race systems may increase the insurance a bit more.

22-02-10, 10:03 PM	#3
ThEGr33k Guest Posts: n/a	Re: Modifications - Insurance Yea, basically most none performance mods are fine, but let them know... Not sure about PC3's and such, kinda need to find out though if im ever going to get mine fitted...

22-02-10, 10:04 PM	#4
neio79 Guest Posts: n/a	Re: Modifications - Insurance well concidering PCIII are a performance mod i would guess that they wil cause it to increase a little bit.

22-02-10, 10:34 PM	#5
sauluk Guest Posts: n/a	Re: Modifications - Insurance crash protection (assuming you mean bungs etc?) should make the policy cheaper. Seeing as they'd have less to pay in the event of an accident

22-02-10, 10:36 PM	#6
fizzwheel Super Moderator Mega Poster Join Date: Dec 2003 Location: Somerset Posts: 3,614	Re: Modifications - Insurance Declare everything, if you cant afford the premium increase for the modification you are doing, then dont do the modification. Dont give them any excuse to get out of paying because you didnt declare anything. The mods on my GSXR didnt effect the premium, neither did the ones I did to my SV... __________________ Look Dave, I can see you're really upset about this. I honestly think you ought to sit down calmly, take a stress pill, and think things over. K5 GSXR 750 Anniversary Edition

22-02-10, 10:45 PM	#7
yorkie_chris Noisy Git Mega Poster Join Date: Apr 2007 Location: Halifax/Leeds Posts: 26,645	Re: Modifications - Insurance When you get quotes get them with modifications declared. If you shop around you can find them. I didn't bother with most stuff, just the serious stuff, suspension, brakes, engine tuning. All rest is cosmetic bumf that you can argue about. I try to be slightly vague with descriptions and get them to send me a letter confirming they know about these things. That way ball is in their court to ask for more detail or an engineers report and I've got proof I've gone out of my way to give them the facts. YMMV. I make no claim to knowing anything about insurance companies or how to deal with them. __________________ Currently Ex Biker Now rebuilding a 63' fishing trawler as a dive boat

23-02-10, 08:37 AM	#8
Triv650 Guest Posts: n/a	Re: Modifications - Insurance Thanks for your replies guys. What do I do if I add a modification whilst I am insured? Do I phone them and tell them or just leave it be till renewal?

23-02-10, 08:45 AM	#10
Triv650 Guest Posts: n/a	Re: Modifications - Insurance And what will they do?

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