Roush Saleen looking at other manufacturers?

Cali 281SC said:

Well said Marcus.

Due to my line of employment, I am forced to deal with insurance carriers daily. For those who haven't addressed the situation, here are some basic tips:

When insuring the vehicle, it's best to give the agent a copy of the window sticker and mod list. Have a discussion as to why the vehicle is different than a GT, or a v6, and how you will expect to be compensated for the full fair market value of the vehicle in the event there is a collisions or a total loss. Draft a letter with this information and submit it. Have the agent sign it if necessary.

At this point you will typically see the premium price raise beyond the GT range. The carrier may advise you to get Lojack or some electronic tracking device to lower the premium, as Saleens can be categorized as high theft risk.

The scariest thing I hear is when people say "Oh yeah, I bought a Saleen, and guess what? I got a real good deal on my insurance! Same price as a regular mustang!" Sometimes, it's not really the carrier's fault, how can we expect the 50 year old insurance agent who drives a Buick to even know what a S351 or S281-E means? Even worse is the guy who "pretends" the car is a regular mustang when calling to have the policy issued. You are only fooling yourself if you do this. Wait until it's time to make a claim.

Your premium is based on several factors, including the dealer installed options and modifications to the car (whether they are done in a factory in Irvine, or your garage). If you do not alert the carrier to the enhancements, your premium will be based on a stock vehicle, and therefore, as the saying goes, you shall get what you pay for. How can they compensate you for a $55,000.00 Saleen when you are paying the insurance premium for a $25,000 GT (depending on the year of course)?

By no means is this an attempt to defend insurance practices. I have nothing but contempt and disdain for the majority of their methods. Just some friendly words of advice so less people get burned.

Oh yeah, sorry for the thread hijack.

-J

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