When buying auto insurance, one of the options to add to your policy is original parts replacement coverage. What is this type of coverage and do you need it?
What is Original Parts Replacement Coverage?
Original parts replacement coverage is an endorsement that can be added to your auto insurance policy. It allows you to replace damaged parts on your vehicle with parts that meet the highest quality standards. Original parts replacement coverage helps ensure that aftermarket parts, which are not sourced from your vehicle’s maker, will not be used for repairs. Your car will be repaired or rebuilt with original equipment manufacturer (OEM) parts and components that are designed specifically by the manufacturer for the make, model, and year of your vehicle.
Do I Need This Coverage?
Original parts replacement coverage is completely optional and is usually purchased by policyholders with newer vehicles. Because most standard auto insurance policies do not include this coverage, you will need to purchase it if you want your vehicle repaired with OEM products. The reason for this is that OEM parts are more expensive than aftermarket parts, so insurance companies require policyholders to have this coverage in order for OEM parts to be used in repairs.
What Are the Benefits?
Common reasons why vehicle owners purchase original parts replacement coverage is because OEM parts are guaranteed to function the same. With this coverage, you also do not have the hassle of comparing aftermarket parts and deciding which option is the best in terms of quality. OEM parts also usually have a warranty to cover replacement costs during the warranty period. Another benefit is that if you ever sell your car, buyers will want to know if there were any repairs and if so, will be glad that OEM parts were used.
What Does Original Parts Replacement Coverage Cost?
The cost of adding this coverage to your policy depends on many factors such as the number of vehicles on your policy. Contact your Zuber Insurance agent to learn more.