Auto insurance is legally required, but it’s not one-size-fits-all. It’s essential to ensure you have the right type of coverage for your custom upgrades. Grove Financial & Associates, Inc., serving Mechanicsburg, PA, explains.
Types of Coverage
The state mandates that drivers carry minimum liability, but these policies only pay for the other person’s bodily injury or property damage if you are at fault. And the limits are often too low to cover custom upgrades.
Collision and comprehensive policies cover your vehicle if you’re in an accident, collide with an object, or experience other incidents, such as theft, hail, or falling objects. These policies may cover your custom upgrades, depending on the cost.
Coverage Limits
Every policy has a coverage limit, which is the maximum the provider will pay to replace parts on your vehicle. Coverage limits are typically designed to replace factory parts, so they likely won’t cover custom rims or expensive speakers.
Coverage Options
However, many providers offer alternatives to ensure custom upgrades are covered. You may be able to purchase a higher coverage limit. Some providers offer riders, which are add-ons that provide coverage for customized parts. Take the time to list all upgrades on your vehicle and the cost to replace them if they are stolen.
After that, contact an experienced agent at Grove Financial & Associates, Inc. to discuss your options. We’ll consider all of the upgrades you have and their replacement costs. Our representatives can help you find a policy that meets your needs. We’re currently serving the Mechanicsburg, PA, area.
