How would i value my JDM console for insurance purposes?

Shaar · 03-18-06, 12:12 AM

i am going to go into my insurance company probably this coming week and insure all my stereo/speakers/dvd headunit/screen/amps/sub/cap/etc. how would i go about putting a value on my jdm wood center console just in case it gets damaged? and also the jdm climate control? would i just let it get valued if something happens? just get it quoted as the OEM console since thats like $1200 or something ridiculous like that brand new from factory... i've got a $500 deductable so if someone goes in there and jacks up my install and takes screen, headunit, amps, etc, i'm looking at around 1200-1500 not including console and climate control.

any tips?

ssilk · 03-18-06, 12:52 AM

How much do you have into it. You might be able to count labor for the install.

Shaar · 03-18-06, 12:55 AM

the console was 245 with climate control and it was like 17 hours of labor to install it and its not even done... how can i value it without proof of costs of labor and what not.

william_s · 03-18-06, 12:59 AM

let's just say you shoudl probably be happy if you get anythng for it.... if's it's stolen....

you would have to get it covered outside your insurance... that is the best way...

Shaar · 03-18-06, 01:07 AM

my insurance company insures stuff like aftermarket parts... so why wouldn't they insure the console?

ssilk · 03-18-06, 03:51 AM

They might not because its factory eqip. but if you explain to them the signifigance of that setup in the US they should cover it. I would sit down with your agent.

william_s · 03-18-06, 04:22 AM

yeah... kinda what i meant... is just with most insurance companies they what you to think that they cover you but when it comes down to it they won't... (experience)

so what i want you to know it make sure they say they will do it on paper and have them take a pic and have a copy... as for teh labor unless you can prove a certain amount you will not get it... you would have to prove that your time is worth this certain amount... which is near impossible and then you would have to have some sort of invoice....

as for your jdm stuff just make sure you keep all reciepts.... cause if you don't have it don't even bother going to them... they won't care...(my experience)

so yeah.... i hoently hope you will never need to worry about it cause your set up is sooOOOoooooOOoo nice... but memeber be care...

from what i know they insurace will put a lower value on it then you say but just show them the receipt and make sure you have it on paper if no they can always mess you up... trust....

hope i didn't come off ignorant before or now... i just want you to keep you unit unless you want to sell one day just let me know hahahaha.... late!

wiL

Shaar · 03-18-06, 10:13 AM

Quote:

Originally Posted by william_s

yeah... kinda what i meant... is just with most insurance companies they what you to think that they cover you but when it comes down to it they won't... (experience)

so what i want you to know it make sure they say they will do it on paper and have them take a pic and have a copy... as for teh labor unless you can prove a certain amount you will not get it... you would have to prove that your time is worth this certain amount... which is near impossible and then you would have to have some sort of invoice....

as for your jdm stuff just make sure you keep all reciepts.... cause if you don't have it don't even bother going to them... they won't care...(my experience)

so yeah.... i hoently hope you will never need to worry about it cause your set up is sooOOOoooooOOoo nice... but memeber be care...

from what i know they insurace will put a lower value on it then you say but just show them the receipt and make sure you have it on paper if no they can always mess you up... trust....

hope i didn't come off ignorant before or now... i just want you to keep you unit unless you want to sell one day just let me know hahahaha.... late!

wiL

would it be better to just ignore the jdm parts? and if it gets damaged or stolen, it will just be counted as an OEM part? then to get it brand new from the dealer, they would assume i would be replacing it with brand new for 1200.

but i will bring them printouts of the stereo system for value. and i have reciepts for probably like half of it. so the rest i'll have to print out off the internet from trusted websites for value i guess. but i will sit down and speak with my agent and make sure full value for aftermarket parts is printed out in my file and i get a copy too.

oh and i doubt i'll be selling this setup anytime soon sorry

william_s · 03-27-06, 11:33 PM

hahahha yeah.... honestly the best thing to do is get an acutall value ont he product... and if you are tryignt o go for the oem approach make sure they dont' take pics... cause if they do they will give yout he value they think it's worth...

and it's always good to get a high extimate so that if it comes down to it and they take a few bucks off you shoudl still be gettinga a good amount bad...

but member to get everything on paper that's liek teh best thing you can do at this point...

wiL

DSCLegend94 · 03-28-06, 02:12 AM

I'd think twice about adding all that stuff. I just had my car totalled by the insurance company because of the center console (part #77296-sp0-a30zb. $1966.33) and radio equipment. No exterior damage.

Stu · 03-28-06, 03:29 AM

if you want to be insured to cover the aftermarket stuff you have, the insurance company will be happy to do it for you. Just make sure it's ALL in writing and be ready to pay extra for the coverage.

frantinez63 · 03-28-06, 09:30 AM

IMO, you will get raped in Insurance premiums for that stuff. My rates are high enough. If I started adding the Remus, TL-S wheels, new leather, EDM lights and a soon to be system, I would be SCREWED. I say, take your chances if rates are high by you.

-Eric

Shaar · 03-28-06, 10:03 AM

rates aren't bad at all. i'm a 'secondary driver' on the car. i pay $50 a month for 300/100/300 coverage. also i just added all the stereo stuff. upped the aftermarket parts value on my car to 1500. it added 4 bucks a month

so i'm fine with that. if i get my radio stuff jacked and center console broken, it'll prob be in the 2500-3000 dollar damage range... i would assume that they would total the car

don't know tho i'll have to just hope for the best.

what happens if they do total the car? can i get the money and buy the car back and have money left over? or how does that work? i've never filed an insurance claim with a car before.

Alperovich · 03-28-06, 11:25 AM

yeah if they total it, they let you buy it back, most of the time its like 300-600 depending on the value of the car and ins co, so they will ask you to send them the title and they will send you a check for the value-the buy back, and then u'll get the title back in the mail.

DSCLegend94 · 03-28-06, 11:34 AM

If the total of the damages is more than 75% (for my insurance) of the car's total worth, then they will call it a total loss. . Then they'll give you what the market value on the car is.(what you might expect to find it for if you're buying a car with the same mileage.)
Then what they'll do is inspect the car and do an appraisal on it and depending on the present mileage and condition of your car, they'll give you the salvaged price of the car.
So at the end, you buy the car (salvaged price) + deductible and they'll give you the difference from the market value.
Did I make sense?

03-18-06, 12:12 AM	#1 (permalink)
Shaar Proud FORMER Legend Owner Join Date: Aug 2005 Location: Springfield, MO Posts: 3,590 Car 1: 97 Accord Wagon (SiR) Car 2: 92 Lexus SC400 iTrader: (18)	How would i value my JDM console for insurance purposes? i am going to go into my insurance company probably this coming week and insure all my stereo/speakers/dvd headunit/screen/amps/sub/cap/etc. how would i go about putting a value on my jdm wood center console just in case it gets damaged? and also the jdm climate control? would i just let it get valued if something happens? just get it quoted as the OEM console since thats like $1200 or something ridiculous like that brand new from factory... i've got a $500 deductable so if someone goes in there and jacks up my install and takes screen, headunit, amps, etc, i'm looking at around 1200-1500 not including console and climate control. any tips? __________________

03-18-06, 12:52 AM	#2 (permalink)
ssilk Registered User Join Date: Jan 2006 Location: coos bay OR Posts: 2,218 Car 1: 93 acura legend coupe, custom gauge lighting, all red tails, clear bumpers and corners, intake, Car 2: Gunmetal Paint Car 3: Bumps,Xeon interiors iTrader: (0)	How much do you have into it. You might be able to count labor for the install. __________________ Washington Meet pix.....good times! http://acura-legend.com/vbulletin/sh...ad.php?t=86997

03-18-06, 12:55 AM	#3 (permalink)
Shaar Proud FORMER Legend Owner Join Date: Aug 2005 Location: Springfield, MO Posts: 3,590 Car 1: 97 Accord Wagon (SiR) Car 2: 92 Lexus SC400 iTrader: (18)	the console was 245 with climate control and it was like 17 hours of labor to install it and its not even done... how can i value it without proof of costs of labor and what not. __________________

03-18-06, 12:59 AM	#4 (permalink)
william_s Registered User Join Date: Aug 2003 Location: eAst los Angeles Posts: 440 Car 1: 91 legend iTrader: (1)	let's just say you shoudl probably be happy if you get anythng for it.... if's it's stolen.... you would have to get it covered outside your insurance... that is the best way... __________________ Wil San Sales Representative/Management www.CarsOption.com Phone 626.293.8778 AIM nAs Liw or CarsOption E-mail: wsan@CarsOption.com Office Hrs M-F 9a-5p PST Please feel free to call. I did not list many Legend parts on the site, but we will should have a new site up by Feb 2006. Thank you! http://www.directimagehost.com/is.ph...left_angle.jpg

03-18-06, 01:07 AM	#5 (permalink)
Shaar Proud FORMER Legend Owner Join Date: Aug 2005 Location: Springfield, MO Posts: 3,590 Car 1: 97 Accord Wagon (SiR) Car 2: 92 Lexus SC400 iTrader: (18)	my insurance company insures stuff like aftermarket parts... so why wouldn't they insure the console? __________________

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03-18-06, 03:51 AM	#6 (permalink)
ssilk Registered User Join Date: Jan 2006 Location: coos bay OR Posts: 2,218 Car 1: 93 acura legend coupe, custom gauge lighting, all red tails, clear bumpers and corners, intake, Car 2: Gunmetal Paint Car 3: Bumps,Xeon interiors iTrader: (0)	They might not because its factory eqip. but if you explain to them the signifigance of that setup in the US they should cover it. I would sit down with your agent. __________________ Washington Meet pix.....good times! http://acura-legend.com/vbulletin/sh...ad.php?t=86997

03-18-06, 04:22 AM	#7 (permalink)
william_s Registered User Join Date: Aug 2003 Location: eAst los Angeles Posts: 440 Car 1: 91 legend iTrader: (1)	yeah... kinda what i meant... is just with most insurance companies they what you to think that they cover you but when it comes down to it they won't... (experience) so what i want you to know it make sure they say they will do it on paper and have them take a pic and have a copy... as for teh labor unless you can prove a certain amount you will not get it... you would have to prove that your time is worth this certain amount... which is near impossible and then you would have to have some sort of invoice.... as for your jdm stuff just make sure you keep all reciepts.... cause if you don't have it don't even bother going to them... they won't care...(my experience) so yeah.... i hoently hope you will never need to worry about it cause your set up is sooOOOoooooOOoo nice... but memeber be care... from what i know they insurace will put a lower value on it then you say but just show them the receipt and make sure you have it on paper if no they can always mess you up... trust.... hope i didn't come off ignorant before or now... i just want you to keep you unit unless you want to sell one day just let me know hahahaha.... late! wiL __________________ Wil San Sales Representative/Management www.CarsOption.com Phone 626.293.8778 AIM nAs Liw or CarsOption E-mail: wsan@CarsOption.com Office Hrs M-F 9a-5p PST Please feel free to call. I did not list many Legend parts on the site, but we will should have a new site up by Feb 2006. Thank you! http://www.directimagehost.com/is.ph...left_angle.jpg

03-27-06, 11:33 PM	#9 (permalink)
william_s Registered User Join Date: Aug 2003 Location: eAst los Angeles Posts: 440 Car 1: 91 legend iTrader: (1)	hahahha yeah.... honestly the best thing to do is get an acutall value ont he product... and if you are tryignt o go for the oem approach make sure they dont' take pics... cause if they do they will give yout he value they think it's worth... and it's always good to get a high extimate so that if it comes down to it and they take a few bucks off you shoudl still be gettinga a good amount bad... but member to get everything on paper that's liek teh best thing you can do at this point... wiL __________________ Wil San Sales Representative/Management www.CarsOption.com Phone 626.293.8778 AIM nAs Liw or CarsOption E-mail: wsan@CarsOption.com Office Hrs M-F 9a-5p PST Please feel free to call. I did not list many Legend parts on the site, but we will should have a new site up by Feb 2006. Thank you! http://www.directimagehost.com/is.ph...left_angle.jpg

03-28-06, 02:12 AM	#10 (permalink)
DSCLegend94 OG Member Join Date: Jan 2002 Location: San Gabriel Valley Posts: 1,563 Car 1: 1994 Acura Legend L Sedan Car 2: 2006 Honda S2K iTrader: (3)	I'd think twice about adding all that stuff. I just had my car totalled by the insurance company because of the center console (part #77296-sp0-a30zb. $1966.33) and radio equipment. No exterior damage. __________________ BHG @ 208K original miles Temporarily Disabled 1994 Acura Legend L Sedan Phillips HID Kit JDM One-Piece Headlights Trenz Billet Grill OEM Foglights-PIIA ion yellow bulbs Brembos Cross-drilled/slotted rotors Axxis Metalmasters brake pads Red-painted calipers 17X7 Acura TSX OEM Wheels Pics in Gallery

03-28-06, 03:29 AM	#11 (permalink)
Stu Legend addict Join Date: Jan 2003 Location: Toronto CANADA Posts: 3,728 Car 1: Legend iTrader: (2)	if you want to be insured to cover the aftermarket stuff you have, the insurance company will be happy to do it for you. Just make sure it's ALL in writing and be ready to pay extra for the coverage.

03-28-06, 09:30 AM	#12 (permalink)
frantinez63 NY Member Join Date: Aug 2003 Location: NYC--the toughest place to keep a Legend mint. Posts: 3,356 Car 1: Type I, KA8, Auto iTrader: (0)	IMO, you will get raped in Insurance premiums for that stuff. My rates are high enough. If I started adding the Remus, TL-S wheels, new leather, EDM lights and a soon to be system, I would be SCREWED. I say, take your chances if rates are high by you. -Eric __________________ http://i37.photobucket.com/albums/e7...sigs/sig-1.jpg TL-S wheels, Specific Remus, Koni Reds on low, Two-Tone Leather, EDM corners, PIAA fogs, more to come.......

03-28-06, 10:03 AM	#13 (permalink)
Shaar Proud FORMER Legend Owner Join Date: Aug 2005 Location: Springfield, MO Posts: 3,590 Car 1: 97 Accord Wagon (SiR) Car 2: 92 Lexus SC400 iTrader: (18)	rates aren't bad at all. i'm a 'secondary driver' on the car. i pay $50 a month for 300/100/300 coverage. also i just added all the stereo stuff. upped the aftermarket parts value on my car to 1500. it added 4 bucks a month so i'm fine with that. if i get my radio stuff jacked and center console broken, it'll prob be in the 2500-3000 dollar damage range... i would assume that they would total the car don't know tho i'll have to just hope for the best. what happens if they do total the car? can i get the money and buy the car back and have money left over? or how does that work? i've never filed an insurance claim with a car before. __________________

03-28-06, 11:34 AM	#15 (permalink)
DSCLegend94 OG Member Join Date: Jan 2002 Location: San Gabriel Valley Posts: 1,563 Car 1: 1994 Acura Legend L Sedan Car 2: 2006 Honda S2K iTrader: (3)	If the total of the damages is more than 75% (for my insurance) of the car's total worth, then they will call it a total loss. . Then they'll give you what the market value on the car is.(what you might expect to find it for if you're buying a car with the same mileage.) Then what they'll do is inspect the car and do an appraisal on it and depending on the present mileage and condition of your car, they'll give you the salvaged price of the car. So at the end, you buy the car (salvaged price) + deductible and they'll give you the difference from the market value. Did I make sense? __________________ BHG @ 208K original miles Temporarily Disabled 1994 Acura Legend L Sedan Phillips HID Kit JDM One-Piece Headlights Trenz Billet Grill OEM Foglights-PIIA ion yellow bulbs Brembos Cross-drilled/slotted rotors Axxis Metalmasters brake pads Red-painted calipers 17X7 Acura TSX OEM Wheels Pics in Gallery

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