CPE refers to additions or improvements that are installed or permanently attached and that alter the performance or appearance of the vehicle. This does not include anything that was installed by the original car manufacturer. A claims representative must contact you within a reasonable period of time after you report the loss. However, under certain circumstances, it may take up to 15 days for the insurance company to contact you.
If you don't hear from anyone, call your insurance agent or company for help. If they don't respond or if you think there has been an excessive delay in resolving your claim, contact the Insurance Department. Value coverage for custom parts and equipment (CPE). Car insurance coverages vary depending on individual and state needs, but almost all policies contain liability coverage.
Most automatic coverage provisions require the insured to notify the insurer within 30 days of purchasing the new vehicle if the insured wants it to be covered by the existing auto policy. Car modifications fall under the CPE insurance category and therefore aftermarket parts will not be covered by standard insurance coverage. This type of car insurance coverage also applies if you or your family members are traveling as passengers in other vehicles or are hit by a car while walking or biking. Liability is mandatory auto insurance coverage in 49 states, while comprehensive and collision coverage are optional if the car is paid for.
You can increase or decrease the amount of your car insurance depending on the type of modifications. The medical payment coverage in your auto insurance policy will cover your co-worker's hospital bill up to the limits of your policy. Unless there is a specific notification procedure in the insurance policy, the insured's verbal notification to their insurance agent may be considered sufficient to activate automatic coverage for a newly purchased vehicle. After customizing your car, you'll need to add complementary coverage or classic car coverage to your current policy depending on the type of modifications you've added.
Custom parts and equipment (CPE) coverage is an approval of your auto insurance policy that covers permanently installed custom parts or equipment, devices, accessories, upgrades and changes, other than those installed by the original manufacturer, that alter the performance or appearance of your vehicle.