Car customization is a popular hobby all over the world and especially in the United States. Many drivers add special features onto their vehicles or update their car's engine, exhaust system, and various other components. However, drivers who customize their cars often neglect to update their car insurance policies. This can be a costly mistake, especially for drivers with custom engines that can cost thousands of dollars. Special car insurance is an absolute necessity if you're considering a custom engine on your own vehicle. Here are a few important tips to keep in mind if you fall into this category or if you're considering any serious customization jobs for your vehicle.
The first thing to know is that your current car insurance policy likely provides some type of protection for customized components, but it's likely not enough to cover custom engines. Most policies with comprehensive and collision coverage provide for up to $1,000 of replacement or repair for customized parts and equipment, and generally this will include custom engines (unless the engine malfunctions in a way that caused the claim, in which case you may be out of luck). As drivers with customized cars usually know, engines tend to cost more than $1,000, especially the quality custom engines that are used in sports cars and heavy duty trucks. Vehicle owners with custom engines should therefore look into custom parts and equipment car insurance coverage.
Custom parts and equipment coverage is a special add-on coverage that can be purchased with varying coverage limits. Most insurance companies offer this coverage (which is often abbreviated as CPE). Contact your car insurance company and ask about the details of their CPE coverage. They may ask for receipts or proof of the value of custom engines before providing insurance options, so if possible, have these ready. You should also get a few quotes from different insurance companies before buying a tremendous amount of CPE coverage. If you're unable to find an affordable policy right away, check to see how your rates will change if you raise your deductibles. Remember to only buy enough coverage to cover your customizations; you can always update your coverage later if you decide to further customize your vehicle.
All custom cars need to be insured, and if you've taken the time, money and energy to install custom engines, buying the right car insurance will protect your investment. Read about custom parts and equipment coverage and research the cost of the coverage from various insurers. It's worth the money and will give you a lot of peace of mind for your prized car or truck.