[reedo302]

We have other provisions lumped together with our no-fault requirements. Short of criminal intent on your part during the act of the damage, there has to be significant reasoning for insurance companies to not pay out. Not disclosing something piddly like a power modification is not sufficient for that to occur. It's been litigated and there's standing case law around it.

I understand that if you claimed you had a new F30 and in actually you had a flood damaged one with a salvage title, that'd be different. That is understandable.

[Transfer]

What is the purpose of self reporting a power increase package? To insure its replacement if the car is totaled? That's silly.

[sarafil]

Originally Posted by Transfer

What is the purpose of self reporting a power increase package? To insure its replacement if the car is totaled? That's silly.

Yes... depending on your contract, you might have limited or no coverage for accessories unless you have them added to the policy for an increased coverage amount. It's up to you, only way to ensure you get coverage for it is to let them know you have it.

[rallybull]

I think many people in this thread have got it upside down ... you report your mods to insurance not because so you may claim the value of those mods in case of an accident (which you might still do, but is besides the point).

The real reason is because insurance companies do not like to insure "modded" cars - custom suspension, over-sized wheels, turbos, etc. It is too much of a risk for them. By not letting them know that you are modding your car, you are essentially lying that could lead to the insurance company not paying up in case of an accident (a bill that could cost several hundreds of thousands of dollars due to liability).

However, I'm guessing/hoping most insurance companies should not have a big problem with "BMW's authorized" mods, but they would still "likely" perceive these mods as higher risk cars.

A quick google on this subject brings out several articles that reiterate this:

http://www.insure.com/car-insurance/upgrades.html

http://www.lelandwest.com/reporting-...ce-company.cfm

http://forums.corvetteforum.com/c6-c...fied-cars.html

[JamesMA]

Interestingly enough, my insurer did not seem to care about hp as they just list the car as a 3 series (I expected a more detailed reference like 335i etc and a hp power "penalty"). I would think that a true M car would make a difference, but what really did me in was the fact that I bought a new car at all. If they don't var about the extra hp in a 335i, I doubt extra 20 would make a difference. All things being equal, what an insurer really cares about is what that car costs.

[rconti]

They replace the parts on the car. Don't tell 'em. If it gets damaged, they'll pay for the replacement, unless you have the world's worst insurer or $20k in mods. If it's just a few add-ons it's no big deal.