09/09/2026
Insurance claim language can be confusing. Save this cheat sheet. 📌
• Deductible: The amount you pay out of pocket before your insurance coverage applies.
• Total loss: When the cost to repair your vehicle exceeds a certain percentage of its value, based on your insurance company’s guidelines and state requirements.
• OEM parts: Parts made by the vehicle’s original manufacturer or to the manufacturer’s specifications.
• Aftermarket parts: Parts made by a third-party manufacturer rather than the vehicle’s original manufacturer.
Knowing these terms can help you better understand your options and make informed decisions after an accident.