The Benefits of Custom Parts and Equipment Coverage

Do you love to customize your car with aftermarket parts and accessories? If so, you’re not alone. According to a recent report by SEMA (Specialty Equipment Market Association), the automotive aftermarket industry generated $46.2 billion in sales in 2019. That’s a lot of money spent on enhancing the appearance, performance, functionality, or comfort of vehicles.

But what happens if your customized car gets damaged or stolen? Will your standard auto insurance policy cover the cost of repairing or replacing your custom parts and equipment? The answer is probably not. Most auto insurance policies only cover the original factory-installed parts and equipment that came with your car when you bought it. That means if you have any aftermarket modifications or additions to your car, you could be out of luck if something goes wrong.

That’s why you need custom parts and equipment coverage. Custom parts and equipment coverage is an optional endorsement that you can add to your auto insurance policy to protect your investment in customizing your car. It covers the difference between the actual cash value of your car (which is what most auto insurance policies pay) and the replacement cost of your custom parts and equipment.

Custom parts and equipment coverage can offer you many benefits, such as:

• Protecting your investment
• Expressing your personality
• Saving money on repairs and maintenance

Let’s take a closer look at each of these benefits.

Protect Your Investment

Customizing your car can be a costly endeavor. Depending on what kind of custom parts and equipment you install, you could spend thousands or even tens of thousands of dollars on improving your car. Some examples of custom parts and equipment that are expensive or hard to replace include:

• Wheels and tires
• Stereo systems and speakers
• Spoilers and body kits
• Lift kits and suspension systems
• Engine modifications and performance chips

These custom parts and equipment can increase the value of your car and make it more attractive to potential buyers. However, they also make your car more vulnerable to theft, vandalism, or damage from accidents or natural disasters. If you don’t have custom parts and equipment coverage, you could end up paying out of pocket for repairing or replacing them.

Custom parts and equipment coverage can help you cover the cost of repairing or replacing your custom parts and equipment in case something happens to them. It can also help you recover the full value of your car if it’s totaled or stolen. That way, you don’t have to worry about losing money on your investment in customizing your car.

Express Your Personality

Customizing your car can also be a way of expressing your personality and style. You can personalize your car and make it stand out from the crowd with custom parts and equipment that reflect your tastes, preferences, hobbies, or passions. Some examples of custom parts and equipment that can enhance the appearance, performance, or functionality of your car include:

• Paint jobs and decals
• Exhaust systems and mufflers
• Navigation systems and backup cameras
• Leather seats and sunroofs
• LED lights and fog lamps

These custom parts and equipment can make your car more fun to drive and more comfortable to ride in. They can also make your car more unique and memorable to others. However, they also make your car more noticeable and appealing to thieves, vandals, or jealous rivals. If you don’t have custom parts and equipment coverage, you could end up losing or damaging your custom parts and equipment that make your car special.

Custom parts and equipment coverage can help you maintain your car’s unique look and feel without worrying about losing or damaging them. It can also help you restore your car to its original condition if it’s damaged or stolen. That way, you don’t have to compromise on your personal expression and style when customizing your car.

Save Money on Repairs and Maintenance

Customizing your car can also be a way of improving the reliability and efficiency of your car. You can upgrade your car with custom parts and equipment that extend its lifespan, boost its fuel economy, or optimize its safety. Some examples of custom parts and equipment that can improve the reliability and efficiency of your car include:

• Tires and brakes
• Suspension and steering systems
• Airbags and seat belts
• Batteries and alternators
• Filters and spark plugs

These custom parts and equipment can reduce the need for frequent repairs and maintenance on your car. They can also prevent or minimize the damage from wear and tear, mechanical breakdowns, or collisions. However, they also make your car more complex and sophisticated, which means they could require specialized tools, skills, or parts to fix or replace. If you don’t have custom parts and equipment coverage, you could end up paying more for repairs and maintenance than you saved on customizing your car.

Custom parts and equipment coverage can help you save money on repairs and maintenance by covering the difference between the actual cash value and the replacement cost of your custom parts and equipment. It can also help you find qualified technicians who can handle your custom parts and equipment with care and expertise. That way, you don’t have to sacrifice on quality or convenience when customizing your car.

Conclusion

Customizing your car can be a rewarding experience that allows you to enjoy your car more and express yourself better. However, it can also expose you to more risks and costs that could jeopardize your investment in customizing your car. That’s why you need custom parts and equipment coverage.

Custom parts and equipment coverage is an optional endorsement that you can add to your auto insurance policy to protect your investment in customizing your car. It covers the difference between the actual cash value of your car (which is what most auto insurance policies pay) and the replacement cost of your custom parts and equipment.

With custom parts and equipment coverage, you can benefit from:

• Protecting your investment in customizing your car
• Expressing your personality and style with custom parts and equipment
• Saving money on repairs and maintenance with custom parts and equipment

If you’re interested in learning more about custom parts and equipment coverage or getting a quote for it, contact us today. We’ll be happy to answer any questions you have and help you find the best coverage for your customized car.

Remember, when it comes to customizing your car, don’t settle for less than the best. Get custom parts and equipment coverage today!