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Originally Posted by sppmo
" Realistically can they expect an insurance comp to drop $12k on replace every rice-widget imaginable when a $2k car is totaled? I don't think so."
All Insurance policies are not the same. You can have an "agreeed upon" policy.
Say I have a car worth 2k book value. But I put in a new engine - great sound system - rims, etc. Now I update my policy to an agreed upon value of 12K. So if my car is totaled or is stolen I get 12k - even though the book value is 2k. This is important to undestand if your car is out of the ordinary (i.e. nice new sound system, etc)
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Agreed. It would depend on the policy and whether it covers aftermarket parts/upgrades. Not many do. Some may.
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Originally Posted by davemon
Adding this amount of exposure should be accompanied with in increased premium, or alternatively a clause in the agreement that explicitly states all aftermarket upgrades will be covered in the insurance policy. I could be wrong but I strongly suspect no insurance company would offer a policy with these terms.
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And PExpress, I agree there is a lot more you're getting with a $3500 sound system over a $1k sound system. I've delved into the world of car audio on many occassions and have done countless installs myself. The Ford : Porsche analogy rings so true. Many Ford Mustang drivers are telling us we're just deflating our wallets as well. Didn't a world of Mini owners just laugh at the $38k more expensive 996 for beating the Cooper by ONLY 2 seconds on a 70second track time? And another world of PCar owners laughed a Mini owners for not getting "it." Sound systems are the same way.
It have my share of $350/pc subs just sitting around and you can easily get into ~$1000 just to power these things. Diminishing return? Yes. Price to pay to squeeze more decibels out on the spl? Yes.
I hope that whoever stole these and gets busted and the insurance writes you a check. Sorry, but I do think you took on a lot of risk by putting these unlocked at midnight in Chicago, and that risk being having a long hard fight to get them reimbursed. Worst case scenario is you get a 987-S after graduation and forget about it all.
GL and glad to see audiophiles haven't completely died off.