Chubb Suspends Use of "Structural"
February 24, 2010
Chubb Group of Insurance Companies has recently suspended the use
of "structural" aftermarket parts, such as bumper bars,
reinforcements, bumper mounting brackets, etc. on any estimate or
appraisal prepared on its behalf, according to a communication issued
by the company yesterday.
"This is due to recent questions and concerns being raised
surrounding the safety and integrity of some Aftermarket Parts,"
writes Doug Ahrenberg, national auto program manager.
The company notes that this does not preclude the use of aftermarket
outer sheet metal panels, bumper covers, and assorted trim components,
"provided they meet Chubb's stringent Appraisal Standards."
Chubb is one of several insurers who've made similar policy changes
of late; it has been reported that both GEICO and Met Life made
similar changes in recent weeks.
HERE for full text of notice.
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