Why Should You Specify OEM Parts in your Insurance Coverage?Why Should You Specify OEM Parts in your Insurance Coverage?

Why Should You Specify OEM Parts in your Insurance Coverage?Why Should You Specify OEM Parts in your Insurance Coverage?

When involved in a vehicular accident and your car needs serious part replacements, do you know that the body shop can either use OEM or aftermarket parts in your vehicle? Contrary to what you know, OEM parts are not always automatically covered by your insurance policy.

OEM vs. Aftermarket Parts

OEM stands for Original Equipment Manufacturer parts, thus, these components are tailor made to your car’s specifications and are distributed by the same manufacturer. On the other hand, aftermarket parts are made by third party manufacturers who designed the items to have a negligible difference with the OEM. Although the difference may be insignificant between the two, there are still some who prefer OEM parts. If you are one of them, you should take this into consideration when finding a car insurance. It’s because most insurance companies do not include this in the coverage unless you requested for it and paid the extra amount.

If you are wondering what OEM parts can do for you, here is a shortlist enumerating the advantages of specifying OEM in the coverage of your insurance policy.

It retains the same level of safety and security as your car is engineered to be.

Since the OEM parts are made by your car’s manufacturer, then you are guaranteed that after the repair, your car will be “as good as new”. Most of all, since it is the original component, then the level of security that the part replaced provides to your car will be retained. You can then expect that the safety components will work perfectly well in times of accidents. Although there are insurers who claim that aftermarket parts do not reduce the safety of your vehicle during collision, some would argue that these aftermarket parts are not tested as how OEM items are.

It maintains your car’s resale value.

The trade value of your car will adversely be affected when your repair history is checked by a car dealer and they found out that aftermarket parts were used. So if you are planning to sell your car in the future, you might as well speak with your insurer about the OEM coverage.

It guarantees your security deposit if your car is leased.

Opting to use OEM parts will safeguard your security deposit when your car is leased because although you were in a vehicle accident, you were able to return the car in good shape.

However, OEM may cost you more – at about 5% more in your insurance – since some insurance providers consider this as a premium option. Nevertheless, if you are really particular with the replacement parts being installed in your car, then the additional fee will be reasonable for you. Just remember that your insurance policy is binding, so talk to your insurance provider about your concerns and specify your request to include OEM in your coverage.

Written by Marc Laferierre, owner of Dents Unlimited. Dents Unlimited is the go to auto shop for collision repair in Columbia, MO.