Borg Warner wrote:Perhaps this needs to be bottomed out somehow. The term "modification" should really be defined. I think we are in no doubt that a re-map or a straight through exhaust is a modification. But what about a set of mud flaps or seat covers for example. Having a quick look at .ORGs insurance thread then one guy's insurance claimed such a set of mud flaps were indeed seen as a "modification".
I would imagine it depends upon one's insurer and whether there's an R in the month. Also the circumstances of the claim; minor bump, none recoverable theft or the ultimate as highlighted in Paul's example; a fatality.
Here's a suggestion gentlemen; I would suggest we are all with a number of different insurers, perhaps a phone call asking them to define the word "modification" may give us a clue. Or not.
Exactly. The whole point of the subject of mods is again contained in the 'policy conditions'.
I think the word is adequately defined for the purposes of the cover, but owners tend to value the cars at value plus whatever they have spent on them! As mentioned above, a real wood dash, powerfolds, additional lighting, a sunroof etc all add up to perhaps an embarrassing percentage of the 'book' value of the car. And as there is usually a greater degree of attachment to the car when you are an enthusiast (as opposed to enthusiastic in general) well, you can't put a price on that!
Perhaps we should get a written answer to: "I have improved the resale value of my car by Â£1000 by the addition of..... and have receipts to prove. Would the value in the event of..... show this?" when renewal comes around.