Insurance companies insure vehicles either for retail value or market value. Retail value is what a dealer would sell a vehicle for. Trade value is what a dealer would buy the vehicle for. Market value is the average between trade and retail value. These values are based on the Mead & McGrouther vehicle valuations data base.
Accessories fitted to a vehicle have to be specified separately on the policy. Unless specified you will not be paid out for them should your vehicle be stolen, or if accessories are damaged in a collision.
Be aware that only specialist 4x4 insurers would cover you for trails and cross border expeditions. Also check that you have cover for vehicle repatriation if your vehicle becomes disabled outside S.A.
Have your aftermarket fitments valued by 4x4 specialists, and let your broker add the itemised values to your policy.
At Explorer 4x4, we do vehicle assessments (28 years experience), valuations and are 4x4 accessories specialists. We give written valuations bases on vehicle model, condition, odometer reading and accessories fitted. We can also recommend 4x4 insurance specialists.