Brokers urged to check motor policy wordings amid boom in green parts
Brokers are being urged to ensure they are up to date with changes in motor policy wordings, as the trend is escalating for insurers to use green parts.
Green (or recycled) parts are replacements for a vehicle that has come from another motor. In the past, insurers would use new parts that had come from the manufacturer.
Related Allianz Commercial greens fleet policies in revampAllianz Commercial has refreshed its fleet policies to reduce repair times and prescribe the fitting of green parts.
However, the issues with claims inflation is forcing ensuring to use more green parts.
Supply chain blockages means it can take weeks – or
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