I HAVE BEEN READING ALOT OF ARTICLES IN AUTOMOTIVE INDUSTRY AND WAS WONDERING WHAT DRP STANDS FOR
Total Comments: 5
Posted: Thu Nov 17, 2011 11:50 pm Post Subject:
Some insurance abbreviations are universal and some are specific to each company. I've worked for several different companies and am not familiar with that abbreviation. What is the context where it is used?
Posted: Thu Nov 17, 2011 11:53 pm Post Subject:
maybe this is it - Direct Repair Program (DRP)
"The DRP includes independent auto repair shops and dealerships approved by insurance company. With the DRP option, there is no need for a claims representative to estimate the damages to your vehicle. One of our qualified repair facilities performs the estimates and vehicle repairs."
Posted: Fri Nov 18, 2011 04:31 am Post Subject:
yes.. it is direct repair program.
Posted: Fri Nov 18, 2011 12:29 pm Post Subject:
Direct Repair Program - yes that's the only term that seems to be going with auto insurance.
Posted: Mon Nov 21, 2011 12:11 am Post Subject:
It could also stand for Doesn't Repair Properly if you are allowing an entity outside the contract of repair dictating how your vehicle should be repaired when they only elected the option to pay for the repair in money. Instead of taking full liability for the repair, hiring the contractor, specifying the parts and procedures which is an option under the contract of insurance, they elect instead to steer you to a shop that chooses to serve the criteria of the insurer instead of the criteria set forth by the manufacturer of your vehicle. The first option allows the insurer to keep more money that should be allocated to properly pay for repairs or full indemnification and places all the liability on an unwitting repair shop who is dependent upon the insurer for the referral.
Posted: Thu Nov 17, 2011 11:50 pm Post Subject:
Some insurance abbreviations are universal and some are specific to each company. I've worked for several different companies and am not familiar with that abbreviation. What is the context where it is used?
Posted: Thu Nov 17, 2011 11:53 pm Post Subject:
maybe this is it - Direct Repair Program (DRP)
"The DRP includes independent auto repair shops and dealerships approved by insurance company. With the DRP option, there is no need for a claims representative to estimate the damages to your vehicle. One of our qualified repair facilities performs the estimates and vehicle repairs."
Posted: Fri Nov 18, 2011 04:31 am Post Subject:
yes.. it is direct repair program.
Posted: Fri Nov 18, 2011 12:29 pm Post Subject:
Direct Repair Program - yes that's the only term that seems to be going with auto insurance.
Posted: Mon Nov 21, 2011 12:11 am Post Subject:
It could also stand for Doesn't Repair Properly if you are allowing an entity outside the contract of repair dictating how your vehicle should be repaired when they only elected the option to pay for the repair in money. Instead of taking full liability for the repair, hiring the contractor, specifying the parts and procedures which is an option under the contract of insurance, they elect instead to steer you to a shop that chooses to serve the criteria of the insurer instead of the criteria set forth by the manufacturer of your vehicle. The first option allows the insurer to keep more money that should be allocated to properly pay for repairs or full indemnification and places all the liability on an unwitting repair shop who is dependent upon the insurer for the referral.
Add your comment