ARANJ
ARANJ Board of Directors
The Automotive Recyclers Association of New Jersey
David Yeager - EL & M Auto (800) 624-2266 / elandmauto@aol.com
Wharton Insurance Briefs
Ed Silipena - American II Autos (609) 965-0987 / esilipena@yahoo.com
Replacement cost is provided on most property insurance policies. However, insurance companies are rarely contractually obligated to pay more than the actual cash value (ACV) as of the time of the loss unless and until the damaged or destroyed structure is actually repaired or replaced. For those policies that provide ACV, some courts have developed three primary rules to measure it: Market Value Rule: The difference between the market value of the property before and after a loss. Broad Evidence Rule: Where consideration is given to its replacement cost, market value, income derived from its use, age and depreciation and the opinion given by a qualified valuation expert. The most common rule is applying a “Replacement Cost Less Depreciation.” Under this rule, depreciation is deducted from the estimated cost to repair or replace the damaged property to determine its ACV. Although we always recommend you insure your property using “Replacement Cost,” there are times where an insurance company will only insure a property using ACV. Make sure your agent is covering you properly. If you have any questions or concerns, please contact me.
Norm Vachon - Port Murray Auto (908) 689-3152 / portmurrayauto@yahoo.com Dillon Rinkens - East Brunswick Auto (732) 254-6501 / ebautonj@comcast.net
ARANJ Officers
President - Rodney Krawczyk Ace Auto Wreckers (732) 254-9816 / aceautonj@comcast.net 1st Vice President - Daryl Carman Lentini Auto Salvage (908) 782-4440 / darryl@las-parts.coms 2nd Vice President - Mike Ronayne Tilghmans Auto Parts (609) 723-7469 / tilghmans@snip.net
Mario DeFilippis, AAI Vice President (732) 686-7020 (office) (908) 513-8588 (cell) mdefilippis@whartoninsurance.com
Past President - Bob Dirkes Dirkes Used Auto Parts (609) 625-1718 / dirkesauto@gmail.com
LYNNES
AUTO GROUP
WHOLESALE DEPARTMENT
Genuine Service & Parts
MAINTAIN AN INFINITE INVENTORY OF ORIGINAL MINI PARTS. SERVICE, SELECTION AND VALUE SINCE 1953
At your local MINI dealer, we believe that using Original MINI collision replacement parts will speed your repairs and increase your profitability. Original MINI parts assure an absolute perfect fit and function.
Delivering to the New Jersey/New York area. Genuine Nissan parts are built to the same standards as Nissan vehicles. It’s no wonder they’re the driving force behind the most exhilarating vehicle on the road.
For Original MINI parts, contact any of these authorized MINI dealers.
Parts: 800-782-7597
MINI of Mt. Laurel 1311 Rt. 73 Mt. Laurel, NJ 08054 856-778-3000 Fax: 856-813-4622 MINIOFMTLAUREL.COM FACEBOOK.COM/MINIOFMTLAUREL
E-mail: John@lynnes.com www.lynnesnissan.com Hours: M-F 7:30am - 6pm, Sat 7:30am - 2pm 5 Alva Street | Bloomfield, NJ 07003
© 2020 MINI USA, a division of BMW of North America, LLC. The MINI name, model names and logo are registered trademarks.
7 experienced countermen and 12 drivers ready to serve
MINI of Manhattan 793 11th Avenue at 55th Street New York, NY 10019 212-246-7375 Fax: 212-315-9560 MININYC.COM FACEBOOK.COM/MINIOFMANHATTAN
New Jersey Automotive | April 2021 | 45
