"The first thing I think we can all agree on is if you make any changes to your vehicle get in touch with your insurer"
The subject around vehicle modifications and how they may affect your insurance premiums or claims has been doing the rounds recently. From Martin Lewis's article on how they can negate your insurance to the Financial Ombudsman Service's rulings on two separate cases which suggest otherwise, we thought we'd take a more in-depth look.
The first thing I think we can all agree on is if you make any changes to your vehicle get in touch with your insurer and speak to them, in some cases it could make your premiums cheaper. Still, most importantly, it will protect you from any nasty surprises if you need to make a claim.
In this article, we'll take a look at some of the most pertinent questions such as what is a modification, and how will it affect your insurance cover?
Modifications and what classes as a modification are topics which often create a lot of debate, so what are they? Some insurers say that any change to a vehicle can be seen as a modification while others say changes that improve a vehicle's value, performance, appearance or attractiveness to thieves.
"It is so important to speak to your insurance provider."
One thing you can be sure about and that is no two insurers agree on what is a modification. Each insurer will have their definition as to what a modification is, this is why it is so important to speak to your insurance provider, not your mates, parents or local mechanic.
Insurers and insurance brokers understand that not everyone is an expert on vehicles. Some of us know where the oil, water and fuel go but that's about it, some know even less than that, so how can we expect those people to know whether or not the car they just bought is modified?
Modifications come in all shapes and sizes and can affect any area of your vehicle as we showed above, the question is how can you tell?
Were those wheels standard or are they custom alloys fitted later on and is that boot spoiler a manufacturer's addition or not?
The best place to go, when you cannot find an insurer or insurance broker who are able to assist you with a specific insurance product, is The British Insurance Broker's Association or BIBA for short.
If you follow the link below and head to their "Find Insurance" page (there's a dark blue tab at the top of the page) you can input the type of insurance you are looking for and then enter your postcode for the nearest insurance professionals who will be able to assist you.