In­sur­ers for generic car parts

Key ob­jec­tive is to help con­sumers save money on pre­mi­ums

The Witness - Wheels - - MOTORING - — Wheels Re­porter.

FOL­LOW­ING on the Right to Re­pair cam­paign, a num­ber of in­sur­ers have started a joint ini­tia­tive to sup­port cheaper generic car parts.

Orig­i­nal equip­ment man­u­fac­tur­ers (OEM) had cast doubt on the re­li­a­bil­ity of generic parts.

Gari Dombo, MD of Alexander Forbes In­sur­ance, how­ever re­as­sured that the in­sur­ance firms only sup­ported “generic parts that are safe and that would ul­ti­mately re­duce the pre­mi­ums that clients pay”. “One could draw a par­al­lel be­tween generic parts and generic drugs which are now gen­er­ally ac­cept­able and have re­duced the over­all prices of drugs.”

Dombo said OMEs should be in­cluded. “This should be a col­lab­o­ra­tive ef­fort be­tween all stake­hold­ers, es­pe­cially the man­u­fac­tur­ers, to en­sure generic parts per­form in the same man­ner as gen­uine parts.”

He stressed the im­por­tance of stream­lin­ing the SA Bureau of Stan­dards’ in­spec­tion process for generic parts and thus help­ing South Africans gain ac­cess to safe and af­ford­able generic parts.

“The use of generic parts should ul­ti­mately lead to re­duced in­sur­ance pre­mi­ums; in fact, some man­u­fac­tur­ers have al­ready em­barked on pro­duc­ing generic parts as gen­uine al­ter­na­tives. We are see­ing this not only in mo­tor ve­hi­cle parts but glass as well,” says Dombo.

“This is crit­i­cal in an en­vi­ron­ment where more than two-thirds of ve­hi­cles on South African roads are not in­sured due to un­af­ford­able prices,” said Dombo.

The key ob­jec­tives of this ini­tia­tive would be to en­sure that: • con­sumers can save money by mak­ing use of the generic part as they are cheaper than the gen­uine equiv­a­lent; • per­for­mance-wise generic parts ap­proved by an in­surer will be com­pa­ra­ble to the orig­i­nal; • generic parts should be fit­ted on all ve­hi­cles that are out of war­ranty to save costs; • man­u­fac­tur­ers of generic parts will be li­able and thus con­sumers get the as­sur­ance that the qual­ity is up to stan­dard; and • generic parts should be more read­ily avail­able to en­sure that clients’ ve­hi­cles are fixed faster.

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