Many vehicle owners take immense pride in their vehicles, not just as assets, but as expressions of their personal style and individuality. Whether it’s a car, motorcycle, or ATV, customizing your vehicle can be a way to make it uniquely yours.
However, when it comes to vehicle customization, it’s essential to ensure that your insurance policy adequately covers all the custom parts, equipment, modifications, and the labor that goes into them.
Lifted Vehicles
Owning a lifted truck or SUV is an exciting experience. These vehicles are more capable off-road, offer better visibility, and can bring a whole new level of driving enjoyment. However, if you’ve made modifications such as a lifted suspension, be sure to inform your insurance agent.
Custom suspension systems, wheels, and tires can be considered custom parts and equipment. Without a proper endorsement for these modifications, you may not be fully compensated if you file a claim.
This coverage is typically called a Custom Parts & Equipment (CPE) endorsement and covers expensive upgrades like larger wheels, tires, and lift kits.
Custom Paint
A custom paint job is one of the most noticeable ways to make your vehicle stand out. Whether it’s a unique color or an intricate design, a custom paint job can significantly raise the value of your vehicle. If you’ve invested in custom paint, make sure to add it to your insurance coverage.
Without the proper endorsement, you may find yourself underinsured in the event of a claim. The Custom Parts & Equipment endorsement is crucial to ensure you’re fully covered for the cost of the paint job, which can be expensive to replace.
Custom Parts & Equipment (CPE)
The general rule for custom parts and equipment (CPE) is simple: If it wasn’t part of the vehicle when it left the factory, it’s considered custom. Custom parts and equipment can include:
- Stereo systems
- Navigation systems
- Custom wheels & tires
- Lift kits
- Custom paint jobs
- Chrome accessories
- Custom seats, handlebars, grips, exhausts, and more (especially on motorcycles)
CPE coverage is not automatically included in standard auto insurance policies in Little Rock, AR. While some insurance companies offer basic CPE coverage for certain vehicles, especially motorcycles, it’s essential to check with your insurer to ensure you’re properly covered.
Never assume that your custom parts are automatically covered. Inform your licensed independent insurance agent about the custom modifications made to your car, truck, or motorcycle to ensure you have the right protection.
Final Thoughts
Custom parts and modifications can significantly enhance your vehicle’s appearance, performance, and overall value. However, it’s essential to ensure that your insurance policy reflects these changes.
Talk to your insurance agent about adding a Custom Parts & Equipment endorsement to your policy. This will help protect your investments and make sure you are fully covered if you need to file a claim.
By doing so, you’ll enjoy peace of mind knowing that your customized vehicle is protected. You will have the right amount of protection and can replace your vehicle in the event of a loss.
Get the coverage your customized vehicle deserves. Contact us today to learn more and ensure your modifications are fully protected!
