This insurance is for the extra things you have added to your vehicle: permanently attached non-manufacturer's equipment worth more than $5,000, or permanently attached sound and communication equipment worth more than $1,000 for most passenger and light commercial vehicles.
If your vehicle is a writeoff or if your vehicle or equipment is stolen, we will pay for your insured equipment (as long as you have the appropriate own-damage coverage).
If your vehicle is a writeoff or is stolen, the Excess Special Equipment Endorsement pays for the actual cash value of your vehicle with the equipment attached.
If just the equipment is stolen from your vehicle, this coverage pays for the actual cash value of the equipment.
Note: When buying this coverage, be sure to declare the true value of the insured equipment so you can get its actual cash value in a claim.
Remember to keep the receipts for all the equipment you buy to prove its value.
Also, after you have installed everything, take some pictures. They'll help if you have a claim.
To learn more about this coverage, talk to your Autoplan broker.