Have you ever wondered if the rims, stereo, navigation, video monitors or similar equipment you installed in your car were covered under your auto insurance policy? Each insurer has its own guidelines on special equipment coverage; however, generally speaking, aftermarket installations are not covered unless you request coverage and pay additional premium.
If your vehicle came with special features which were stock and factory installed, most policies will provide coverage with an applicable deductible; however, exclusions may apply such as damages done by wear and tear, freezing, mechanical or electrical breakdown, or road damage to tires (does not apply when the damage results from total theft of the vehicle), war or nuclear damages among others.
To be totally safe, the best thing to do is to ask a representative of the auto insurance companies you choose to purchase coverage through or currently have, whether their policy includes coverage for the specific equipment in question.
If you purchase and want to insure items such as rims, most carriers will want pictures along with receipts submitted and will charge additional premium to provide coverage in case of theft or damage from collisions. The same would apply for electronics installed aftermarket. Be aware that not all insurers will offer coverage for installed equipment; some may say they cannot insure it at all.
There are a large variety of insurance companies out there, and they all have their own rates and guidelines. That is why it is important to compare rates from multiple insurers in order to find out which will offer the desired coverage for the lowest rate.
Among the most efficient ways to compare rates is to shop for car insurance online where one can complete one simple form and instantly get back the rates of a variety of leading companies. Your quote comparison is free with no obligations, courtesy of OnlineAutoInsurance.com.
