Insurance with NOS

[AndrewNagle]

So I decided it was time to get agreed upon value insurance coverage for my 2007 Mustang SGT. Sent a list of all mods to my agent.

Holy shit Travelers just canceled my collision and comprehension cause of my NOS

No one I can find with touch it with the NOS, Hagerty, Grundy, Hancock, JC Taylor, K&K and American Modern, to name a few I have called

Does anyone have insurance on their car with NOS with the insurance company actually knows it is on the vehicle ?

If so who ? I got 3 weeks to find a company or uninstall it and supply photos and proof.

Thanks

 

[mr. anderson]

dependent on the state, it may be illegal to have juice in your car on the streets. each states vary by law though, so check with your local JOP

 

[RocketcarX]

Why would you tell your insurance you NOS? Is that like a disease or something? Now if you where to tell them you had a Nitrous kit in your car….that would be dumb.

Uninstall it and provide photos. Put it back later, this time keep it to yourself. Good insurance will cover the mods in a collision regardless. I have Farm Bureau and they covered anything damaged on my car, Cervini hood and all.

 

[BadPiggy]

Why would you tell your insurance you NOS? Is that like a disease or something? Now if you where to tell them you had a Nitrous kit in your car….that would be dumb.

Uninstall it and provide photos. Put it back later, this time keep it to yourself. Good insurance will cover the mods in a collision regardless. I have Farm Bureau and they covered anything damaged on my car, Cervini hood and all.

+1 for Farm Bureau.

In 2005 I built a show bike. Insured it for actual value. Made one premium payment. It was loaned to the company that did the chrome work. They took it to a bike show in New Orleans. While there, it was stolen, never recovered.

Met with the Farm Bureau adjuster, he said "well...this is by far the largest check I've ever written for a motorcycle." Then he strokes out a check to me for $40,000 bucks.

 

[dre256]

I believe its illegal in NJ for a street car to have NOS on it. As I remember wanting to put a 50 shot on my car before the mustang and when I looked it up for insurance I found it was illegal

I just looked up some of stuff I found when looking at getting NOS in NJ. Its for race cars on tracks only. And must fill out a special permit to transport it on your track only car.

That is probably why they are dropping you, you have it on a street car. Laws very from state to state but am assuming most to all states it can't be on street cars.

 

[ddavidv]

I work in the business, and insurance companies view NOS as an indicator you do street racing.

I'm not saying that is fair, I'm just saying how it is.

The last company I worked for wanted us to report cold air intakes for the same reason. I just got creative at either hiding them in under-hood photos or ignoring them completely, because that's just silly.

 

[AndrewNagle]

Why would you tell your insurance you NOS? Is that like a disease or something? Now if you where to tell them you had a Nitrous kit in your car….that would be dumb.

Uninstall it and provide photos. Put it back later, this time keep it to yourself. Good insurance will cover the mods in a collision regardless. I have Farm Bureau and they covered anything damaged on my car, Cervini hood and all.

Did not tell my agent on purpose. I fucked up when they asked for a list of mods. She than like a dumb ass shopped it without realizing NoS is not good in the insurance world.

Gonna have to pull it and go with a Supercharger.

 

[5.0 Probie]

ddavidv is correct...

I would also like to add...

How many folks have actually read the policy they have? You know, the small print and such?

Bottom line... There is language, to the effect, that says something like... You are required to tell us about the risk, we offer a premium, you pay. If we find out later that we had not been informed of the risk, partially or in its entirety, we reserve the right to deny any claim directly related to the unknown risk.

So just to "Tell" an insurance company one thing. Then do another. Leaves you running the risk of them not making you happy. Could be them simply not offering to pay for portions of a loss (As long as the "Not covered" item was not the peril) to paying the claim without any problems, to then turn around and cancel you at your next renewal. All the way to not paying the claim and canceling you.

And just so you know. Nearly every insurance company does ask (In all those questions the agent should be asking you) have you ever had your insurance non-renewed or canceled. Yes or No.

And that can be a real problem...

 

[RocketcarX]

Did not tell my agent on purpose. I fucked up when they asked for a list of mods. She than like a dumb ass shopped it without realizing NoS is not good in the insurance world.

Gonna have to pull it and go with a Supercharger.

Never in my life has an insurance company asked me for a "list of mods". I think you asked for it, lol.

 

[AndrewNagle]

Never in my life has an insurance company asked me for a "list of mods". I think you asked for it, lol.

I agree my fault but for Agreed upon value insurance with Hagerty and such she said they need photos and a list of mods. I was asking for a value of $60,000

When I insured if with All state and travelers for "normal" insurance obviously mods were never mentioned.

 

[RocketcarX]

So you are basically wanting to insure the mods? Is it like a full blown show car? 60k is so much money for a GT. I've never had those specialty insurance deals you mentioned, I'm curious as to why that route, I mean, is it just because you were dropped over the nitrous kit installed or were you looking to make that switch before hand? you could consider my car show level with it's current paint job and body upgrades, but my normal insurance is putting it back just like it was.

 

[AndrewNagle]

So you are basically wanting to insure the mods? Is it like a full blown show car? 60k is so much money for a GT. I've never had those specialty insurance deals you mentioned, I'm curious as to why that route, I mean, is it just because you were dropped over the nitrous kit installed or were you looking to make that switch before hand? you could consider my car show level with it's current paint job and body upgrades, but my normal insurance is putting it back just like it was.

Went that route because I have that much in it and was told if it was wrecked I would only get replacement value of a 2007 GT $18,000 - $20,000 at the most.

Need to really uninstall the nitrous and head down the supercharger route

here is a list of the mods

Afco High Performance Aluminum Radiator 4”
Agent 47 Retro Side Mirrors
American Racing Long Tube Headers 1 3/4” Hi-Flow cats and X pipe
Amsoil Air Induction Filter EAAU6075-EA 

ARP Flywheel Bolts
ARP Head Bolts
ARP Crank Pulley Bolt
ARP Long Wheel Studs
ATE Super Blue DOT 4 Racing Brake Fluid
Auto Meter Cobalt Nitrous Pressure Gauge
Auto Meter Cobalt Oil Pressure, Fuel Pressure and Water Temp Gauges
Auto Meter Cobalt A/F Wideband Gauge
BMR Tubular K-Member (KM011)
BMR Tubular A-Arms (AA024)
BMR A-Arm Support Bar (AAS001)
BMR Chassis Brace Radiator Support (CB004)
BMR Radiator Support (RS003)
BMR Panhard Bar Support (PHR007)
BMR Drive Shaft Safety Loop (DSL010)
Bob’s Auto Mustang KR Axel Reservoir
Bosch 39lb Fuel Injectors
Chip Beck Functional Hood Scoop
Continental Extreme Contact DW Tires 275/40R18
DriveShaftShop One piece Aluminum Drive Shaft
Exedy Mach500 Clutch
Exedy 8-bolt Steel Flywheel
FordFan FRPP Tow Hook and Custom Bracket
Fore Precision High Flow Fuel Rails Black Billet Aluminum
Gorilla Open End Lug Nuts
Grabber Pony Custom Shift Knob
Hurst Short Throw Shifter
Innovators West Harmonized Balancer
J&M Adjustable Upper Control Arm
J&M Lower Control Arms with Relocation Brackets
JPC Stainless Steel Racing Clutch line
JTL Oil Catch Can
Kenne Bell Boost-a-Pump 40 Amp
Kenny Brown Jacking Rails
Koni Yellow Adjustable Struts and Shocks
Lethal 180 degree Thermostat
Luminar 32% Black Window Tint
Maximum Motorsports Adjustable Caster Camber Plates
Meziere Electric Water Pump
Midwest Auto Painted Radiator Cover with Extensions
Moroso Power Steering Fluid Reservoir Powder Coated Black
Moroso Brake Fluid Reservoir Cover Powder Coated Black
Moroso Deep Sump Modular Oil Pan Powder Coated Black
Optima RedTop® High-Performance AGM Battery
PA Performance 6G Alternator 130 AMP Powder Coated White
PIAA Sport Horns 115db 400HZ +500HZ
PIAA Xtreme White Plus Bulb H13
PIAA 510 Series Driving Lights
PIAA Super Sporza Silicone Wipers
POR15 Rust Treated and Painted Rear End
Redline Elite Hood & Trunk Lid Struts
Red Line 5W20 synthetic oil
Rousch Vent Gauge Pod
SafeCraft Fire Suppression System LT10
Samco Silicone Coolant Hoses
SCT Hand Held Tuner by Dan at Pro-Dyno
Shelby GT500KR Trunk Liner
Shelby Billet Under Hood Hardware
Shelby Billet Black Hood Pins
Shelby Billet Pedal Covers & Dead Pedal
Shelby Berg Snake Faux Gas Cap
Shelby Satin Chrome Quarter Light Trim
Shelby Billet Black Grill Assembly Upper & Lower
Shelby Carpeted Floor mats
Shelby Grille Pony Emblem
SHR Tru-Billet Fuel Door Black Anodized
SHR Tru-Billet Lock Pocket Set and Door Pins
SHR Tru-Billet Window Sill Plate
SHR Tru-Billet Side Mirror Knob Black Anodized
SHR Tru-Billet Power Point Plug Black Anodized
SHR Quarter Window Louvers Painted Black
SHR Trunk Release Button
Speed of Sound Cup Holder Gauge/Switch Panel
Speed of Sound Triple Dash Gauge Pod
SS Inserts Air Brushed Fuse Box Cover
Stage 8 Locking Header Bolts
StangMods Clear Rear Side Marker Lenses w/ Red LED Bulbs
StangMods Clear Turn Signal Lens w/ Stealth Bulbs
Steeda Bumpsteer kit
Steeda Front Street End Link Kit
Steeda Carbon Fiber Intake Elbow
Thump RRR Belt Tensioner and idler pulleys
TSS Billet Gear Oil Pump
UPR Shorty Antenna
UMI Double Adjustable ChroMoly Panhard Bar (Rod Ends)
Vogtland Lowering Sport Springs
Vortex Coolant Expansion Tank Powder Coated Black
Web Electric Sequential Tail Lights
Wilwood Superlite 6R Big Brake Front Brake Kit (Hat) & Superlite 4R Big Brake Rear Parking Brake Kit, 13” Rotors Drilled and Slotted and Stainless Steel Brake Lines
Zex Nitrous System, Heater, Remote Bottle Opener, Blow Down Tube, Purge, Window Switch

Painted on Stripes Satin Silver Paint code is M7049A Sherwin Williams #63454 SHELBY GT lettering is Myriad Pro Bold Italic 163 pt.

Kicker Shelby Premium Audio System, 6x8" Speakers, 8" Door Mounted Woofers, 4.1 Channel Amplifier & 10" Subwoofer


Ford Racing Performance Parts

M-6009-A463 Aluminator Forged Internals 9.8:1 compression ratio
M-9424-463V Intake Manifold
M-6050-463P CNC Heads
M-6550-3V Hot Rod High Lift Cams
M-9926-3V Throttle Body
M-6582-3VBLK Black Valve Covers
M-4209-G410 4.10 Gears
M-12405-3V12 0 degree Spark plugs
M-5570-A Jounce Bump Stop Kit
M-4033-G2 Axle Girdle Cover
M-1007-S1895B1 Black SVT Wheel With Machined Lip
M-1096-FR Center Caps
M-5330-5GT Axle Back Mufflers “Stingers”
M-20201-S197 Strut Tower Brace
M-5490-A Sway Bars and Anti-Roll Bars
M6731FL820 Racing Oil Filter
M-8C607-MSVT Performance Cooling Fan

 

[5.0 Probie]

What did American Modern tell you? Car to new? Daily Driver restriction? Or was it just the NOS that is the issue for most of the companies including AM?

And have you tried Mapfre insurance?

 

[RocketcarX]

Now it makes more sense that it's called "agreed upon value", that list is not joke.

 

[skwerl]

You're not supposed to look at how much you spend on your car. It's like a golfer counting up greens fees over the years. And most of our mods are simply replacing stock items, so you need to subtract the replacement value of the stock item you're replacing which will negate most of the cost.

Including silly items like motor oil in your list makes it virtually useless. The brand of oil you use at oil changes does not count as a mod.

 

[5.0 Probie]

There are three types of coverage's out there for vehicles... Unless otherwise "Defined" per that contract...

ACV... We all know this one. Buy $55k car, if wrecked two years later, only get "Good" trade in value to low Kelly Blue Book. Might get $30k-$40k

Agreed Value... You agree to pay a premium, the insurance company agrees that the value at the time you insured it is that value. If wrecked, they start at that value and deduct use, wear/tear and market changes. We do not always get the $55k we pay for. Might only get $48k

Stated Value... You say it is worth $55k. You get $55K at the time of loss as long as you are still paying for that premium and the insurance company did not send you one of the notices in the mail of them reducing the value.

 

[AndrewNagle]

Agreed it is silly to include oil, light bulbs, etc in the mod list (just kept a running list) Should have read it and edited before submitting to the insurance. Folks

Also you are correct swapping parts could/should deduct what I sold the oem part for from what I paid for it.

American Modern said no NOS on a 2007 Mustang.


Guess I am really looking for stated value versus agreed upon value

 

[5.0 Probie]

Just an FYI... Stated value is reeeeeeeeeeeeeeeeeeeeeeally hard to find... And not cheap. This is why "Most" insurance companies that do offer more than ACV stop at Agreed Value.

Quick example, not at all accurate...

If ACV cost $1200 a year than...
Agree Value could run $1600
Stated Value could run $2200

Stated value has almost disappeared from the market because 90% of all shoppers focus on the cost of insurance, not what the coverage will do at the time of a loss.

Buyer focus on the extra $1000 cost, not grasping the cost of $$ lost at a claim.

Not to mention... Stated Value is really only for a small group. Most buyers "Use" their vehicles and use reduces value in 98% of every vehicle.

When buyers step out of the "Masses" and want to protect what they have created, those buyers have a hard time finding the insurance they are looking for.

I would be offering this company to you as an option to at least start at... http://www.corvetteinsurance.com/why-leland-west/nationwide.cfm But they are not in NC...

Also... It is not unusual to learn from those insurance companies that do offer AV or SV they have mileage restrictions or add on value limits. SO please speak with an agent who specializes in what you need, and not a producer...

 

[skwerl]

Agreed it is silly to include oil, light bulbs, etc in the mod list (just kept a running list) Should have read it and edited before submitting to the insurance. Folks

Also you are correct swapping parts could/should deduct what I sold the oem part for from what I paid for it.

American Modern said no NOS on a 2007 Mustang.


Guess I am really looking for stated value versus agreed upon value

If you're going to deduct the value of the stock parts then you need to compare apples to apples. New cost with new cost or used cost with used cost. You can't ask for the new cost of the aftermarket item minus the used cost of the stock item, not an equal comparison.

In an accident the regular insurance covers replacement cost of stock items. If you have an aftermarket item and want it covered, then you should compare the new cost of the aftermarket item to the stock item. If the aftermarket item is more, then you want additional insurance to cover the difference. If the aftermarket item is less than the stock item then you're already covered.

I think if you spend some time researching the replacement cost of the stock items you've removed from your car then you would be greatly surprised at how little value you've added.

 

[AndrewNagle]

If you're going to deduct the value of the stock parts then you need to compare apples to apples. New cost with new cost or used cost with used cost. You can't ask for the new cost of the aftermarket item minus the used cost of the stock item, not an equal comparison.

In an accident the regular insurance covers replacement cost of stock items. If you have an aftermarket item and want it covered, then you should compare the new cost of the aftermarket item to the stock item. If the aftermarket item is more, then you want additional insurance to cover the difference. If the aftermarket item is less than the stock item then you're already covered.

I think if you spend some time researching the replacement cost of the stock items you've removed from your car then you would be greatly surprised at how little value you've added.

Gotcha I now am seeing where you are headed and the logic behind it

Appreciate all the input