04-01-2014, 03:23 PM
For all the companies I work with in the US, you do not have to provide a list of your modifications prior to a loss. You will have to provide documentation of the mods AFTER a loss. There is s very slim possibility that a company could deny a claim because you lied on the application about a material fact, such as having NOX, but the company would have to have a specific question on the application about the particular performance enhancement. They would not deny a claim because you have, say, $5000 in accessories, but only $3000 in coverage. Rather, they would simply pay the lower amount.
Incidentally, "accessories" are generally anything you bought for the bike that was not on the stock bike. Not a big problem for us, but if someone bought a used heavily modded HD, for example, he might not know what was a mod and what came on the bike. However, there is usually enough coverage for most things included in the policy.
Oh yeah...probably should have started by saying that I have been an insurance agent for 31 years.
Incidentally, "accessories" are generally anything you bought for the bike that was not on the stock bike. Not a big problem for us, but if someone bought a used heavily modded HD, for example, he might not know what was a mod and what came on the bike. However, there is usually enough coverage for most things included in the policy.
Oh yeah...probably should have started by saying that I have been an insurance agent for 31 years.