Towbar Installed - It Is Unlikely To Increase Your Premium But Imperative That You Inform Your Insurance Company
At Northwest Towbars our priority is ensuring the satisfaction of our customers and making sure they get the best towbar for their specific requirements, but our responsibilities and dedication do not stop there. In this article, we want to focus on one of the most overlooked aspects of installing a towbar, your car insurance ramifications.
Do I Have To Tell My Insurance Company That I Have Had A Towbar Fitted?
The minute you have a towbar fitted you must inform your insurance company without delay. The reason for this is that by fitting a towbar you are making a modification to your vehicle, essentially changing it from the original manufacturer’s specification.
Under the terms of every insurance policy, doing anything to your vehicle which is classified as making a modification involves informing your insurance company, in order that they can make the relevant adjustments to your policy.
Failure to do this could then invalidate any subsequent claim should your vehicle be involved in an accident.
Why Do Insurance Companies Need To Know That I Have Had a Towbar Fitted?
Insurance companies take a range of factors into the equation when working out your insurance premium, including the type of vehicle you are driving. Obviously the quotes are based on the specific manufacturer specifications of your model of vehicle. When you add a towbar you are effectively changing the specifications of the vehicle, which can in insurance company parlance mean that this can alter the risk level.
Insurance companies using their statistics and historical data, could possibly increase your policy premium, because in their view, the fact that you are towing other vehicles, be that caravans, trailers, or boats, means that the likelihood of an accident occurring increases. That is why you have to inform your insurance company once you have fitted a towbar, to ensure that the insurance company is fully aware of the risks your modified vehicle presents. As always when dealing with insurance companies it makes sense to inform them ahead of time, rather than provide them with an opportunity to dispute your claim if an accident occurs.
Fitting a Towbar Is Unlikely to Increase The Cost of Your Insurance?
As with any insurance quote, whether or not it has any ramifications to your insurance premium will be dependent on the insurance company you are dealing with. Typically installing a towbar should not increase the cost, although be aware that you could be charged some sort of admin fee, if you are adding a towbar midway through your policy.
Unfortunately, some insurance companies may decide to increase the cost of your insurance policy, which is why as with all insurance quotations it may be worthwhile assessing your options, come renewal time.
Once I Have Informed The Insurance Company Will My Towbar Then Be Covered For Damage?
Again this is a question we recommend you ask your insurance company as insurance companies handle this in different ways. It is always better to know in advance if damage to your towbar is covered, so our advice would be to either check the small print of your policy, or speak directly to the broker or insurance company to get clarification and ask them to send some sort of written confirmation, in regards to what they tell you.
Northwest Towbars, are regarded by many people in and around Manchester as the premier provider of towbar installation services. This is not only due to the quality of our products, but also the fact that our staff will also go the extra mile to ensure your complete satisfaction. Whatever questions or concerns you may have that are towbar-related we will always endeavour to find an answer or solution for you.
To book a towbar installation or get the answers to any questions you may have in order to make a decision call our friendly team on 0161 474 7474