Adding custom components and equipment to your car allows you to personalize it and make it run and look the way you want. Investing in aftermarket parts for your automobile can be costly, so you’ll want to make sure you’re adequately covered. For custom-built vehicles, how can you find an insurance policy?
Because unique parts are more expensive to install, maintain, and repair, you won’t be able to use a standard car insurance coverage. Instead, you’ll have to go for a policy designed exclusively for vehicles with personalized customizations—everything you need to know about bespoke parts and equipment insurance policies.
What Types of Equipment and Custom Parts are Covered?
Your car insurance policy can be supplemented with additional coverage for custom parts and equipment (CPE). You pay a little fee each month to add CPE to your coverage.
CPE covers your vehicle’s permanently installed bespoke equipment. CPE could cover these things if you have installed a spoiler, aftermarket audio, wheelchair lift, or other equipment in your car.
If you have added accessories to your car that modify the performance, appearance, or function, these items potentially come under CPE.
Custom paint jobs fall under CPE, such as special tires, electronic equipment, and custom lighting.
If you meet an incident that is covered by your insurance, then insurance will compensate you for the repairing or replacing cost for your bespoke parts or equipment. Cheap auto insurance companies will be helpful for the insurance of your car.
Why Add Custom Parts and Equipment Coverage?
Custom parts and equipment coverage extends your vehicle’s protection to additional parts. You may have to shell out hundreds of dollars in medical bills if you don’t have CPE.
Every aspect of your car is covered by vehicle insurance. The majority of stock parts of your car, including those fitted by the manufacturer, are covered by insurance. In case of an accident, your insurance company will pay to fix or replace the essential parts of your car.
Custom parts, on the other hand, operate differently. Insurer will not cover bespoke parts on a vehicle if installed by the owner.
Supplemental CPE coverage is available for drivers who install bespoke parts on their vehicles. Your insurer will cover your bespoke components and equipment if you add a CPE endorsement to your policy.
Customized parts are not covered by standard insurance
You get auto insurance to safeguard your investment in a motor vehicle. On the other hand, Standard Auto insurance does not cover the contents of your car as a whole. Car insurance policies typically exclude coverage for aftermarket components and other modifications to your vehicle. Additionally, standard car insurance policies do not cover wear and tear or any other maintenance issues.
With no specific modifications, standard insurance coverage should suffice. This policy protects your vehicle from the majority of mishaps.
However, custom parts and equipment coverage may be required if you have fitted your vehicle with any aftermarket components. Insurance companies often deny coverage for thousands of dollars worth of vehicle upgrades, which some drivers are surprised by. Without custom parts and equipment coverage, your standard insurance policy won’t pay for custom parts and equipment.
What is covered by CPE?
As a result, vehicle insurance policies differ in custom parts and equipment. Some insurance companies will pay for it entirely as long as it is permanently placed on your vehicle. Exclusion from coverage is a restriction imposed by other insurers.
- In general, custom equipment and components insurance covers the following:
- This includes any dealer-installed equipment provided by the original manufacturer; unique paint and murals and graphics; anti-theft systems that aren’t included; and customized wheels, including alloy or magnesium wheels, special tires, and similar items.
- The addition of chrome, special tires, and unique equipment like running boards, fog lights, camper shells, and trailer hitches are just a few unique features that may be added to a vehicle to make it unique from the crowd.
- If your vehicle’s electronics are permanently installed, CPE may extend coverage to those components. For example, always placed TVs and DVD players are covered.
Custom parts and equipment coverage generally extends to parts installed on your vehicle other than those supplied by the original equipment manufacturer (OEM).
CPE covers you, your dealership, or a third-party service provider. Only the parts installed by the manufacturer are covered by standard auto insurance. With CPE, you can get extra coverage for items like custom paint jobs, electronics, tires, and spoilers.