Connecticut Senate Bill SB00340

Connecticut 2019 Regular Session

• Introduced: 1/23/19
• Refer: 1/23/19

Caption

An Act Requiring Automobile Insurance Policies To Cover The Cost Of Repairing Or Replacing Aftermarket Parts.

Impact

The implementation of SB00340 would result in significant changes to the existing insurance framework for automobile coverage. By explicitly requiring insurers to cover aftermarket parts, this bill aims to protect consumers from out-of-pocket expenses that may arise from damages to parts not originally included by the vehicle manufacturer. This legislation aligns with broader consumer protection efforts and could lead to more comprehensive coverage options for vehicle owners, as it addresses an often-overlooked aspect of automobile insurance policies.

Summary

SB00340, introduced by Senator Osten, mandates that automobile insurance policies in the state must cover the costs associated with repairing or replacing aftermarket parts for vehicles. This applies to any parts added to a vehicle after its initial manufacture that are damaged or destroyed in an accident covered by the insurance policy. The bill is designed to enhance consumer protections by ensuring that drivers are not financially burdened when aftermarket parts are involved in claims, encouraging fair treatment by insurance providers for all vehicle components.

Contention

While the bill is primarily aimed at consumer protection, it may face opposition from insurance companies concerned about the increased costs associated with expanded coverage. Critics may argue that requiring coverage for aftermarket parts could lead to higher premiums for policyholders overall. Proponents, however, emphasize the need for fair and equitable treatment in the insurance industry, particularly for those who utilize aftermarket products as a viable alternative to manufacturer parts for repairs.