Does your auto insurance policy specify original or aftermarket replacement parts?
Picture this: You have an accident that results in damage to your vehicle requiring serious bodywork. Have no fear! You have auto insurance! You get a repair estimate from the claims adjuster that lists the repair costs for parts and labor, but do you know which types of parts the body shop is authorized to use?
They’re all the same, right? Not necessarily.
You might be receiving “original equipment” replacements parts (otherwise known as OEMs) made by the vehicle manufacturer, or components fabricated by a third party company, also called “aftermarket” parts.
Some insurance companies prefer the use of aftermarket components as a way to reduce costs; however, some argue that the fit and finish of OEM parts cannot be matched. Many insurers allow customers to decide by opting for policies that include OEM Riders to their policies. Every policy is different. Some may have “aftermarket” written into the policy, others don’t use the term at all. While it is possible to buy a policy that guarantees only OEM parts in all circumstances, they may be hard to find, not to mention expensive.
Keep in mind that as with many aspects of auto insurance, there’s a fine balance between what you want and what you can afford.
At Dean Insurance Group, we strive to help you understand and select the right coverage for your auto insurance. We’ll guide you through the options and cost to make the best decision possible. Let us help! Call us at (214) 227-9377 today.
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