What is the definition of Aftermarket Parts?

Aftermarket Parts are parts that are produced by companies that did not produce the original equipment. For example, a motor vehicle is manufactured by Company A. When you replace a certain part, you may use parts that are manufactured by Company B. The parts produced by Company B are aftermarket parts.

These parts include plastic or metal components that form the motor vehicle's exterior, including the outer and inner panels.

Of course, since these parts are not from the original manufacturers, they are cheaper than original parts. Insurance companies, in a bid to control claim costs, prefer using aftermarket parts as opposed to original parts. However, aftermarket parts may be inferior in quality and may not provide a perfect fit with the motor vehicle.

• Businessowners Policy / BOP
• Competitive State Fund
• Excess and Surplus Lines
• Employer’s Liability
• Blanket Insurance