Anyone have an insurance rider for a modified truck?

[paddlenbike]

People are doing more texting and less driving these days so I want to protect my asset. If something happens to my 4Runner I will build another one just like it (hate the thought of all that time and effort lost, but it's what I would do.) I know what the insurance company would give me for mine and I know what it costs to add all of the add-ons, so it seems like an insurance rider to cover all of the extras would be a good idea. Does anyone here work for an insurance company or have a rider on their truck?

 

[BrianSD_42]

I was told by USAA (military and veterans only) that as long as I can show pictures & receipts they will cover up to $10,000 in extras on a car.

 

[paddlenbike]

I wish that were the case for AAA (and most other non-military insurance companies). Most insurance companies would require use of your home owner's policy to cover those additional items. That involves paying two deductibles and many insurance companies will drop you after you have a couple of home owner's claims.

 

[Qjake]

joneseyyy carries riders on all his mods, check with him.

 

[jdkilroy]

I was told by USAA (military and veterans only) that as long as I can show pictures & receipts they will cover up to $10,000 in extras on a car.

I've been with USAA since the ... well, lets just say I've been with them a few years. I wouldn't think of using anyone else for insurance. They may not always be the least expensive but their service is second to none.

 

[paddlenbike]

I have been really happy with AAA and all of my various insurances are with them, however I know the reality of what they cover and what they don't when it comes to a modded vehicle. Does anyone have have experience with riders or with what insurance companies do and don't pay for when something happens?

 

[bob3dsf]

I've been with USAA since the ... well, lets just say I've been with them a few years. I wouldn't think of using anyone else for insurance. They may not always be the least expensive but their service is second to none.

I've also been with USAA for quite a while. They are absolutely second to none, and their rates are very good. Years ago, my family had state farm and wee had all the discounts. Multi car, multi driver, good student, etc. When in the army, I was considering switching. My mom had mentioned this to our SF agent, the agent said their was no way she (our agent) couldn't touch USAA's rates even with all our discounts. My and my wife's auto rates are pretty awesome. I have my car loan through them and they are great. The APR on the loan isn't the lowest but it's competitive, but I know no other bank can touch USAA's service.

I highly recommend any active duty or honorably separated vets and retirees to call USAA and talk to them if you're not already a member.

 

[Ol'Blue]

Usaa

USAA= Amazing

The service is great. I do not know of any company that will send it's members a check in the mail if the company had a good year. The last two years there have not been because of all the storms around the country but in better years they pass the earnings back to the customers. I actually called them when I got the first one and asked why I got it:noidea: I thought they might of made a mistake in my policy or something.

Blue

 

[BrianSD_42]

I actually called them when I got the first one and asked why I got it I thought they might of made a mistake in my policy or something.

Yes but you didn't get an actual check you could cash, correct?

If I recall USAA keeps the money in a fund for member services. They send you a letter describing the money but it is meant for emergencies and not something you can just cash out.

 

[2008_4Runner_Sport]

I was told by USAA (military and veterans only) that as long as I can show pictures & receipts they will cover up to $10,000 in extras on a car.

I have been a member of usaa since I was about 15 and have never served in the military. This great company is extended to family members of those who served. My father was in the air force and my grandchildrens grandchildrens will be able to be usaa members because of this.

Sorry to threadjack to say this, just stating if possible to hook up with this company do so. I have life insurance, car insurance, multiple credit cards, banking, etc. The only thing I dont really have with them is insurance on my motorcycle because they do not insure those in my state.

But this is definitely something that most people should ask their insurance companies about. I know my motorcycle is a about 9 years old now and i have thousand of dollars of parts on her that I will loose out on.

 

[Burt]

A vehicle is not an asset unless you have something VERY special, even then most people that have something special... self insures. Therefore you most likely have a liability. The insurance industry is a for profit industry. Over insuring for the sake of false sense of security is not the best solution for most vehicle owners. I suggest you all determine what your vehicle is REALLY worth, then cut that by 20%. After all, you total it and you sign the title over to the insurance company. Invest the extra premium bucks saved into something worthy. Just my two cents.

 

[Ol'Blue]

Usaa

Yes but you didn't get an actual check you could cash, correct?

If I recall USAA keeps the money in a fund for member services. They send you a letter describing the money but it is meant for emergencies and not something you can just cash out.

Brian,

I want to say it was a check because I was taken by this and that is why I called( I actually thought I over paid the policy). I have heard of that fund also but don't know much about it. I will have to ask the wife and see if she remembers.

Either way, if you can qualify I highly recommend them to everyone.

Blue

 

[03_4x4Runner]

I was watching Judge Judy one day and a case came up that someone wrecked a friends car. The owner was suing because the insurance company did not reimburse him for the cost of his big rims and other items. He was suing his friend that wrecked the car to recover his lose. The court basically said the owner was fool for spending all those thousands of dollars on an older car and gave him nothing for them. They just look at the book value of the vehicle and that is all he got. I do not know if many insurance companies offer riders or not. When a drunk hit my Mustang 20 years ago I did get reimbursed for some mods I made by the drunks insurance company. I had all the receipts and they would only honor those that were less than 2 years old. They may not have challenged me as much because they may have underpaid me on the pain and suffering part of the claim. I was hurt pretty bad.

 

[jdkilroy]

Yes but you didn't get an actual check you could cash, correct?...

Its a check, sign it and deposit it...

I think that you can elect to have it applied toward your premiums but its your choice.

 

[KidVermicious]

Insurance is a scam by definition. You'll be much better off if you decide for yourself how much you'd be willing to pay a month for total coverage, decide how much your truck is worth, and pump that monthly payment into an investment account until you reach the goal amount, then find something else to do with it.

 

[jdkilroy]

Insurance is a scam by definition. You'll be much better off if you decide for yourself how much you'd be willing to pay a month for total coverage, decide how much your truck is worth, and pump that monthly payment into an investment account until you reach the goal amount, then find something else to do with it.

I completely identify with your frustration but ... The cost to insure a vehicle is nothing when compare to what someone can do to your life when they sue you or you get handed a bill for their repairs as well as your own not to mention their potential medical costs.

You could argue that you are a really safe, defensive and conscientious driver... I would counter with, shit happens.

 

[KidVermicious]

Sure, shit happens, and it'd be irresponsible not to be prepared for that. I'm just saying that carrying excessive insurance isn't the way, and anything more than what's legally required is excessive.

Insurance companies are parasites. Insurance companies are nearly everything that's wrong with our health care and legal system, and if you're paying them a dime more than you're forced to you're contributing to that problem.

But I'm probably hijacking this thread, sorry. My point was, the OP appeared to be concerning with purchasing extra coverage intended to protect himself against the loss of the value of the mods to his vehicle, and he'd be better off just saving money against that eventuality and having it available for ANY emergency instead of pissing it away into an insurance company and buying some executive another yacht with it.

 

[ddnww]

my t4r is mostly stock so regular ins is just fine.

however on my lowriders, i have over 20 and 40 grand in them, so custom ins is the only way to go.. my payment is very low as well as deductible. if my cars get stolen, they write me a check for 25 or 45 grand no questions asked.. only stipulations is they must be garaged and only aloud certain mileage per year..

for you t4r owners with lots of money into your rigs.. i would consider custom ins..