Tell insurance about PPF, etc?

[HZOR]

Those of you who did PPF, ceramics and other cosmetic changes, did you bother telling your insurance? Supposedly that increases the car value and if you want full payout the premiums should also increase, but I wonder if it is worth it.

If anyone has done I wonder percentage-wise how much did your premiums increase.

 

[gone]

Talk to your insurer but mine told me the amount I paid for the car, didn't affect my premiums. Perhaps it does after a certain value, but it didn't for my C8's.

 

[MKinOntario]

I wouldn't say anything.
Just accept that if your car is written off, and you get a new one paid for by your current insurer at your current premium levels as fair replacement value, you can add PPF later.
The premium savings will pay for it, probably.

 

[canadianvetster]

Really it this a “thing”?
paint protection increasing the car value?
maybe resale value due to condition; but…. Really .?

 

[DenisC8]

Really it this a “thing”?
paint protection increasing the car value?
maybe resale value due to condition; but…. Really .?

no its not a thing, just people justifying bad financial decisions LOL

 

[MKinOntario]

no its not a thing, just people justifying bad financial decisions LOL

Tell me about it.....

 

[Murray20c8]

Talk to your insurer but mine told me the amount I paid for the car, didn't affect my premiums. Perhaps it does after a certain value, but it didn't for my C8's.

Unbless you have certain options. I have replacement value on mine. If written off I get a brand new 2024 C8. I think that option gets too expensive after 3 years, but I still have it right now.

 

[MKinOntario]

Seems like "replacement value" would be a good option, if not completely price prohibitive.
If the premium extras would help buy a new car, minus/plus insured regular depreciation value of the write off, is it still worth it?
Corvettes are among, or lead, the highest rated hold/resale value as determined by industry studies.
Insurance companies could probably care less, based on actuarial charts and studies.
Hard to say which one is better....

 

[Red Devil]

Just keep and submit your receipt, this is what my friend did and had no issues.