The Allianz insurance coverage firm will enable automobiles in Germany to be repaired with used spare components, the Munich-based insurance coverage large stated on Friday.
Vehicles between three and eight years previous are eligible below the scheme, which ought to make repairs each extra environmentally pleasant and cheaper, the insurer stated.
The DAX-listed firm and largest German insurer referred to England, the Netherlands and France, the place there have already been rules selling using reusable components in automobile restore retailers for a number of years.
“All experts agree: repairing is more sustainable than using new parts,” stated Frank Sommerfeld, head of Allianz Versicherungs-AG, which operates the property insurance coverage business in Germany.
The supply of the spare components will likely be automobiles which have been totalled and are sometimes offered overseas to be cannibalized. Allianz desires to reuse components akin to doorways, bonnets and boot-lids, in addition to mirrors, headlights and taillights.
“Safety-relevant parts such as steering systems, axle parts or wheels will not be used,” stated Sommerfeld.
As an instance, Sommerfeld cited changing the windscreen of a VW ID.3 would price €1,200 ($1,290) much less with a used half than a brand new one.
According to the Allianz Centre for Technology, CO2 emissions can be nearly 100% decrease on this instance.
This is because of the truth that greenhouse gases are produced through the manufacturing of automobile components, which naturally don’t happen once more when putting in a used alternative half.
German motor insurers have been affected by rising prices for years, that are largely attributable to the excessive costs of recent spare components.
The German Insurance Association expects the trade to submit one other billion-euro deficit this yr, as its earnings doesn’t cowl what it spends.
Source: www.anews.com.tr