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Adding Sizzle to Your Ride? Don't Fizzle on the Insurance; L.A. Auto Show Features Custom Rides That Require Custom Policies

LOS ANGELES--Jan. 7, 2005--Californians' love affairs with their cars has helped to drive the $29 billion aftermarket parts business. But in personalizing their rides, they may place their investment at risk if they fail to also customize their insurance policies.

With today's opening of the Greater Los Angeles Auto Show, car lovers can check out some of the wildest custom options that can double the value of a car or truck.

Drivers of custom cars put their investments -- from $12,000 wheel sets to elaborate video and sound systems -- in peril if they fail to update their insurance policies to reflect the enhancements, said Candysse Miller, executive director of the Insurance Information Network of California.

"Auto Show exhibits feature cars that have been customized with spinner wheels, plasma televisions and even a waterfall installed in a pickup truck. But a custom ride needs a tailored insurance policy," Miller said. "If your car is stolen or damaged, aftermarket upgrades may not be covered if you have failed to report them to your insurer."

Some companies require disclosure of any aftermarket installations above what is covered in the standard auto insurance policy.

Keep receipts for all additions, but be reasonable with your upgrades. Some insurers will not cover vehicles that have had their security systems or safety devices altered.

IINC is a non-profit, non-lobbying insurance trade association, dedicated to helping consumers understand insurance and safety issues. To schedule an interview, call media relations at 213-738-5333. Additional information is available on the Web at www.iinc.org.