Re: insurance
David Short said:
An opened bag of worms! As I understand it any modifiaction which does not enhance the performance by more than 10% will not cause insurance problems. The exhaust system may give an overall 5bhp increase which is well within the 10% on a lump kicking out 95 bhp max. Each company is different, shop around for the best rate.
Cheers David
No problem, David, although if your 10% rule is correct (& I'm sure that would vary from company to company), you'd still need to tell them you'd done it to get cover, even if it was within the 10%. I've got agreement from red Star Equity (BMW) to fit a Y piece and a Techlusion Chip - no extra premium (Y piece to allow it to use leaded petrol, chip to cure surging). However, when I first approached them (last summer), to ask about a BB chip, they made it clear that anything designed to increase the performance
by any amount would not be covered - not even with an additional premium. My point is that, if you modify and
don't tell your insurance company, as seems to have been advocated, you're not going to be covered - period. If you're involved in an injury accident these days and held even partially blameworthy, the ensuing lawsuit, without an insurance company to pay the compensation bill, might well cost you your house.....
Insurance companies enter into a contract of 'utmost good faith' with you. That means you tell them everything you've done to alter your bike from standard (mine even know what mirrors I've got fitted...). If you've done this then they're legally bound to cover you once you've paid the agreed premium. If you've failed to tell them, however, you've failed to live up to your side of the contract, which allows them to decline to keep theirs. They're in business, after all, and their shareholders want to make a profit.....
MikeO
ps The only thing Red Star wouldn't cover on my bike, oddly, were the Ohlins (they'd only pay for OE relacements - which are more expensive than Ohlins.....
), the bike to bike radio and the Autocom. No premium increase for the other 30 modifications I listed....