Like Kind and Quality, That Is What You Get With Standard Auto Insurance Policies!
Have you read your auto insurance policy or asked your agent about the types of parts used on your vehicle in the event of an accident? Do you think it is different between insurance companies? Do you research insurance companies by watching commercials on how one company will give you new parts… Blah, Blah, Blah… READ THE FINE PRINT and be an informed consumer, nothing in life is free!
So What Is The Truth, And How Do You Get New Parts?
If you read many auto insurance policies, you will notice that many have very similar ISO Standard definitions and policy language. What makes each insurance company unique is how they handle claims in the first year of a vehicle’s life and the endorsements they offer that give you additional options. Let’s face it, some people do not care, while others with a nice expensive car want new parts instead of a refurbished door off a wrecked car.
Insurance policies, by default, say that they will you will get “Like Kind and Quality Parts” so do not expect anything different, as auto insurance claims departments can not arbitrarily make exceptions for you. They must follow the language of the auto insurance policy as filed with each state’s Department Of Insurance. Can you imagine the class action lawsuits if insurance companies played favorites!
Insurance companies known for their great agents, like Jim Kreisman in Scottsdale, Arizona, and innovative thinking, released their OEM (Original Equipment Manufacture) on the repair of vehicles in the event of an accident! What does that mean? That means if you purchase the endorsement on your auto insurance policy, in the event of an accident, you should be able to get OEM parts for the car repair instead of Like Kind And Quality Parts!
There are many other insurance strategies your insurance agent should share with you. If you have a high-end car to insure, ensure you get the right coverage for the best price. Read my article “Secrets On How To Get OEM Glass” for your car.
So let me say that Auto Insurance TV Commercials can be like all the Drug Commercials. Read the fine print closely to avoid ugly side effects! Talk to your agent, or call my office if you are in Arizona or California at 480-491-637-5555 to get an auto policy with the OEM endorsement.