Shaheenis wrote:The insurance company is not going to know if you have a Mishimoto TMIC on with engine cover or an aftermarket OEM turbo for that matter. A calculated risk not declaring but you won't get the replacement cost of item covered if you do not declare.
I insured my MY92 Legacy GT with Shannons, highly modified with custom engine, FMIC, turbo, injectors, exhaust, suspension, brakes, gearbox all had been changed. With agreed value it was costing me less than $800 per annum.
You sir are blessed living in a "low risk" area classification.....Im in Melb SE not so nice area where premium are high. Forget about lock up garage and all that ... they still will sting you.
Im 43 with no loss of licence apart from the odd demerit point lost 3-4 yrs ago and i'm paying close to 1K per year.
Regarding that IF an accident occur and they do inspect your car for assessing of claim.... do u want to chance it that they will not pay you as you did not declare your mods ?.. not me ... cant win disputing the claim either unless you have a panel of layers at your disposal. Insurance companies will use every tactics they know to avoid paying you out.
Tien