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Insurance Definition: GENERIC AUTO PARTS

By Compuquotes Team on March 27th, 2008

GENERIC AUTO PARTS:

Definition:

  • Auto crash parts produced by firms that are not associated with car manufacturers. Insurers consider these parts, when certified, at least as good as those that come from the original equipment manufacturer (OEM). They are often cheaper than the identical part produced by the OEM. (See Crash parts; Aftermarket parts; Competitive replacement parts; Original equipment manufacturer parts / OEM)

Information provided by Insurance Information Institute

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