An insurance company that watches their bottom line as opposed to putting loss victims back in pre-loss condition when involved in an auto accident. I.E. installing used or aftermarket automotive parts on a post-loss vehicle that is less than a year old. In layman's terms, an "insurance company" that would rather put used parts or aftermarket parts (those not made by the manufacturer) on your vehicle that maybe as new as 1 month old to lower costs on claims rather than putting vehicles back into pre-loss condition.
I am so angry. I just got into an accident that was not my fault in my 2012 Lexus and allsnake which is my insurance company, put a used hood on my car, which only has 1,200 miles.
by velveeta1 November 09, 2010
The Urban Dictionary Mug
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