If there are things around the world
that have recently received bad press, then off road vehicles surely top that
particular list. The worst part is that insurance
companies seem to be making off the most profits due to this bad press by
charging substantial amounts of money to cover these vehicles, for the simple
reason that these companies believe that a 4x4 is going to cause intensive
amounts of damage. The situation is all the more worst for modified Landrovers
to be honest. No matter how frequently or infrequently it is that you use your
Landrovers, it is necessary for you to acquire insurance for them. Here are a
couple FAQ’s to help you out in this regard:
Q. What exactly qualifies as a
modification over a Landrover?
If there are any deviations on your car as compared to its factory specifications, then it is modified. To be honest, even if you have just fit new springs, alloy wheels or even a new exhaust, it is going to be considered as being a modification, even if performance gain hasn’t been achieved by it.
If there are any deviations on your car as compared to its factory specifications, then it is modified. To be honest, even if you have just fit new springs, alloy wheels or even a new exhaust, it is going to be considered as being a modification, even if performance gain hasn’t been achieved by it.
Q. Do I need to inform the insurance company about the
modifications that I have made?
Of course! It is necessary for you to inform your insurance company about every single modification that you have ever made to your car. To be honest, in case you don’t tell your chosen insurance company about these modifications, and they find out about them later on, then there is a good chance that your insurance is going to be invalid. This way, you’re going to face a lot of issues in case you make a claim. When you inform the company about these modifications, they will be providing ample coverage for the mods too.
Of course! It is necessary for you to inform your insurance company about every single modification that you have ever made to your car. To be honest, in case you don’t tell your chosen insurance company about these modifications, and they find out about them later on, then there is a good chance that your insurance is going to be invalid. This way, you’re going to face a lot of issues in case you make a claim. When you inform the company about these modifications, they will be providing ample coverage for the mods too.
Q. I’m
not sure whether a particular part of my car counts as a modification. What
should I do?
If you aren’t sure for some reason or the other whether certain parts of your Landrover can be considered as a modification, then it is best for you to speak to the insurance company that you have chosen to verify things.
If you aren’t sure for some reason or the other whether certain parts of your Landrover can be considered as a modification, then it is best for you to speak to the insurance company that you have chosen to verify things.
Q.
What are the factors that impact the calculations of the premium?
There are a number of factors that are taken into consideration by insurance companies when working out the premiums. These are typically inclusive of:
There are a number of factors that are taken into consideration by insurance companies when working out the premiums. These are typically inclusive of:
Your age: It is common
knowledge that individuals who are under 25 years of age get to pay a higher
premium, and this particularly holds true for those interested in acquiring
insurance for their modified landrovers.
The grouping
of your car: All cars basically receive a group rating that is typically established considering the cost of the air,
the availability of its spare parts, cost of the spare parts, overall security
features, and performance etc. Another element taken into consideration here is
that of repair times. Cars that receive high ratings acquire higher premiums.
Other factors: These are typically inclusive of whether the car being insured is going to be parked in a driveway or on the streets, its annual mileage etc. Considering that modified Landrovers are a thief magnet, you just might be paying a bit more than expected!
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