"Typical" Modifications Versus Performance Upgrades

If you plan to own your vehicle for several years, you'll likely make a few upgrades over time. That's normal. For example, you might have a new stereo system installed to replace the original unit. Or, you might want an in-vehicle DVD entertainment system in your SUV. You may install rally lights on the roof of your car, or get a hands-free bluetooth telephone receiver.

While the upgrades described above are geared for comfort, others are designed to give your vehicle an attractive veneer or a boost in performance. For example, new leather seats, shiny aftermarket rims, and window tints all make your car look more aesthetically appealing. On the other hand, a racing transmission, performance exhaust, and hi-flow air intake are designed for performance.

Why Insurance Companies Refuse To Cover Souped-Up Vehicles ?

From the insurer's perspective, a car that has been modified with expensive performance upgrades represents an enormous risk. Some car owners spend two to three times the cost of their vehicle on upgrades and modifications. This is problematic for car insurance companies for two reasons.

Firstly, performance parts and systems added to the vehicle often times cost more than the car itself. If the vehicle gets wrecked, the replacement value for all the upgrades would exceed the value value of the car.

Second, performance upgrades suggest the car's owner has a propensity for racing or other similarly risky driving behavior. That elevates his (or her) risk class and implies a greater likelihood of a traffic accident

Why use Vehicle Appraisals on Demand ?

Vehicle Appraisals on Demand creates the better and safer choice when insuring your vehicle after you have done upgrades or modifications to your motor vehicle, We are authorized by the Ministry of Transportation to appraise your vehicle and provide an honest and accurate inspection for your insurance company. You must have the appraisal done when you upgrade or modify to ensure your insurance company is aware of what your vehicle contains and is worth. This protects you on all levels, in the event of an accident or theft, the appraisal guarantees you will be awarded exactly what you deserve.