Help I am being seduced by a turbo Pic

[okellyt]

ORIGINAL: bobfair

Gary,
Excuse my ignornace but what does CE approved mean?

Has anyone fitted an aftermarket exhaust (and/or ECU mod) and told their insuarnce company? I would be interested to know how much the premium went up. Being a bit of a whimp I wouldnt sleepat night if I though I wasnt insured so would have to tell my insurer about the mods. Chris's post got me thinking. I live on the south coast I could easily pop into DMS!!

Come on Chris put us out of our misery was this a idle fling with a pimped up flirt or a real relationship about to start?

As I do a lot of business miles plus the odd track day I was straight up ith my insurers about the x51 Powerkit as the figures Porsche Quote are "at least 26hp" which is less than 10% I had no premium increase over a standard C2S.

I was told at 10%+ the premium rises steeply, again a 20% premium would be expected.

Being too honest for my own good I did point out the X51 pack says at least 26hp but the brokers did mind as long as the base value quoted was less than 10% power hike.

 

[Chris5150]

I dont really understand the need to tell the insurance Company about X51, maybe Im wrong but I cannot understand how they would know/ find out if your car was crashed or stolen. In the case of the crash scenario surely they would have to have a damn good assesor to point out to the insurance Co the X51.
When I insured my C4S X51 It was just insured as a C4S...the X51 was factory fitted

 

[YvesD]

ORIGINAL: Chris5150

I dont really understand the need to tell the insurance Company about X51, maybe Im wrong but I cannot understand how they would know/ find out if your car was crashed or stolen. In the case of the crash scenario surely they would have to have a damn good assesor to point out to the insurance Co the X51.
When I insured my C4S X51 It was just insured as a C4S...the X51 was factory fitted

Chris,

With respect you are treading on very thin ice. Any mods, even factory fitted ones are notifiable to insurers.

The insurance contract is legally speaking one 'of the utmost good faith'. That is to say you tell the whole truth and you are covered. You dont and you are not.

Claiming on an insurance contract where all material facts have not been disclosed is fraud basically.

In my experience the premiums dont go up much when you declare mods so its no big deal anyway.

Regards

Yves

 

[okellyt]

ORIGINAL: YvesD

ORIGINAL: Chris5150

I dont really understand the need to tell the insurance Company about X51, maybe Im wrong but I cannot understand how they would know/ find out if your car was crashed or stolen. In the case of the crash scenario surely they would have to have a damn good assesor to point out to the insurance Co the X51.
When I insured my C4S X51 It was just insured as a C4S...the X51 was factory fitted

Chris,

With respect you are treading on very thin ice. Any mods, even factory fitted ones are notifiable to insurers.

The insurance contract is legally speaking one 'of the utmost good faith'. That is to say you tell the whole truth and you are covered. You dont and you are not.

Claiming on an insurance contract where all material facts have not been disclosed is fraud basically.

In my experience the premiums dont go up much when you declare mods so its no big deal anyway.

Regards

Yves

Gents

I had to disclose ALL FACTORY FITTED OPTIONS and total value of options as part of the insurance assessment of a high value item. It was made clear to me that anything I missed out would invalidate the entire insurance.

However as I said the x51 did not impact the cost of the insurance at all other than its contribution to the ovrall repalcement cost of the vehicle.

Having said that the insurance quote was only few hundred quid more than the Boxster i had......[][][]