5.0 in a 99 mustang
11-28-2012, 07:52 PM
#41
6th Gear Member
Join Date: Feb 2007
Location: South FL
Posts: 8,540
It IS insurance fraud when you swap motors from a V6 to a V8 without telling them. Insurance policy premiums are based (somewhat) on engine size (along with other factors like cost of replacement, primary driver's credit score etc...). If you buy a V6 and swap in a V8 without telling them, you're premium won't increase as it should. This is taking money out of the pocket of the insurance agency. By hiding that/lying about it, you are commiting fraud. If they find out they will drop you - I say that out of seeing it happen in the real world. They also have legal ground to stand on to back charge you for the added premium you haven't been paying. If you swap and have a wreck in which they find out your car is modified in such a way, they will not cover you. Again, 1st hand experience.
Also, being the motor in question is a '87 5.0L that was not an option on the '99, it falls under the EPA regs prohibiting older motors into newer cars. If you chose to modify a car that removes it from 'street legal' status, a company has the right to not cover you. If you need proof, call your agent. Tell them you are doing things do your car that make it not street legal and ask if they'll continue to cover it on the street. See what they say.
11-29-2012, 12:49 PM
#42
Ok, trying to be civil this time. (Seriously)
It IS insurance fraud when you swap motors from a V6 to a V8 without telling them. Insurance policy premiums are based (somewhat) on engine size (along with other factors like cost of replacement, primary driver's credit score etc...). If you buy a V6 and swap in a V8 without telling them, you're premium won't increase as it should. This is taking money out of the pocket of the insurance agency. By hiding that/lying about it, you are commiting fraud. If they find out they will drop you - I say that out of seeing it happen in the real world. They also have legal ground to stand on to back charge you for the added premium you haven't been paying. If you swap and have a wreck in which they find out your car is modified in such a way, they will not cover you. Again, 1st hand experience.
Also, being the motor in question is a '87 5.0L that was not an option on the '99, it falls under the EPA regs prohibiting older motors into newer cars. If you chose to modify a car that removes it from 'street legal' status, a company has the right to not cover you. If you need proof, call your agent. Tell them you are doing things do your car that make it not street legal and ask if they'll continue to cover it on the street. See what they say.
It IS insurance fraud when you swap motors from a V6 to a V8 without telling them. Insurance policy premiums are based (somewhat) on engine size (along with other factors like cost of replacement, primary driver's credit score etc...). If you buy a V6 and swap in a V8 without telling them, you're premium won't increase as it should. This is taking money out of the pocket of the insurance agency. By hiding that/lying about it, you are commiting fraud. If they find out they will drop you - I say that out of seeing it happen in the real world. They also have legal ground to stand on to back charge you for the added premium you haven't been paying. If you swap and have a wreck in which they find out your car is modified in such a way, they will not cover you. Again, 1st hand experience.
Also, being the motor in question is a '87 5.0L that was not an option on the '99, it falls under the EPA regs prohibiting older motors into newer cars. If you chose to modify a car that removes it from 'street legal' status, a company has the right to not cover you. If you need proof, call your agent. Tell them you are doing things do your car that make it not street legal and ask if they'll continue to cover it on the street. See what they say.
11-29-2012, 08:05 PM
#43
He's just giving sound advice. It's up to the car owner to do the right thing. The main thing is first and foremost he needs to check with his insurance company to see if they will even insure the car with that kind of work. If they do then he needs to figure out how he's gonna go about this swap which isn't as cut and dry as it may seem.
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