If you already have car insurance, you must be aware about the term “aftermarket parts.” It’s very important for you to know all about it for two reasons: First, your insurance company might not have specified how they will be treating your car when you get in an accident with it or in cases of theft of car parts. Second, you might be interested in modifying your car and you might not be certain how your insurer views the usage of aftermarket parts as opposed to original equipment manufacturer ones.
Original equipment manufacturer (OEM) parts are car parts manufactured by the brand from whom you bought your car. Aftermarket parts, on the other hand, are manufactured by third-party vendors. Taking into account the first scenario previously mentioned, if you get into an accident with your car deeming repair necessary, you should know what your car insurance company will be replacing your car parts with, whether with OEM or aftermarket parts. Some insurers cheat by using aftermarket parts, posing them as OEM ones; they save cash in getting your car repaired, you still pay the same amount of premium and maybe some additional fees, but your car just got downgraded. You obviously don’t want that, especially if you’re that meticulous guy who wants only BMW parts in your BMW vehicle. When the time comes that you’d like to sell your car for another one, you don’t want the shock you’ll get upon finding out that your car isn’t as valuable as you thought it to be all because of the aftermarket parts installed.
There may be times you might be tempted to use aftermarket parts yourself, however, and that would be when you want your own modifications on your ride. Making your car appear bad-ass, lowered, with a new back fin, wing, or spoiler, would be expensive but with aftermarket parts you can achieve the desired look cheap. The problem this time would be how your insurer would react should you get into an accident with your car. A part that was not “declared” unto them whose theft or damage would require replacement or repair would likely not be shouldered by your insurer so it would be best to talk to them before actually getting your modifications.
Just like with any contract, you must be knowledgeable of all points in your insurance policy. It must not only be you who are sure if you prefer OEM or aftermarket parts, but also your insurer.
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