I just spent about $7500 lifting my truck, modifying my truck...etc etc...

Then, I'm browsing the net looking at 4x4 sites and I come across an article written by the host of the godmudders website......I live in Illinois and here is the exceprt.....

"What new hurdles do we now face? Are you insured or not?

It is another sad day in the custom vehicle industry. January 1 st of 2005 is a milestone for the insurance industry. We have had many calls and questions about, "what do I do now?" My custom car or truck is no longer insurable.

Yes it is true. AllState, Farm Bureau, State Farm, Geico and even Progressive insurance companies will no longer insure a modified vehicle.

Any motor or driveline modification that will increase performance or horsepower from the original manufacturers design will no longer be an insurable vehicle to be driven on the street

Any motor vehicle with a suspension modification to include a lift or lowering kit, sub frame, c-notch, frame modification or use of air or hydraulic suspension will no longer an insurable vehicle to be driven on the street.

This includes Street Rods, Muscle Cars, and Four Wheel drive trucks and SUV type vehicles. "


This is the first I have ever heard of this!!

What gives? What to do?

 

I hope this is a joke.

 

Easy way to know, call your agent.

 

i doubt very seriously that this is true.


the economy is terrible, why would insurance companies be trying to "stimulate" it by dropping nearly every driver on the road? not to mention how much money they will lose if they drop everyone.


to create a cashflow, you have to spend cash. if no one is paying an insurance company, the money isn't flowing. then if this happens and people start to de mod their cars, modification companies will face a big blow in profit, and eventually will whither away. too many negatives, i just can't see this being true. if it is, i've lost respect in the thought process of humanity.

 

well lets see, its only 25 mins to plant my boot in my "agent" if this happens. at least i'll feel better.

 

The article says this happened in 2005? I will say it's bogus then. I told my agent (state farm) all about the mods in my last truck, hoping to purchase a policy that would have covered it for more than the stock value. He had no problem with the mods, and acknowledged that they would pay more for the truck because of it's upgrades, but only a little more. They wouldn't offer me any kind of rider that valued it according to the investments in it.

 

it sounds bogus

 

My agent in Minnesota (Statefarm) had a very nicely modded mustang.

While it's true that some mods will make your rates go up, Its insanity to believe that the company would not insure you based on a lift kit. There are tons of people out there will modded trucks, cars, bikes, whatever. For an insurance company to refuses to insure them makes no financial sense. They would lose way to much money

 

Insurance companies can do what they want. I seem to remember Geico refusing to write policies for people that owned a radar detector.