An estimate of the cost of repair for a motor vehicle pursuant to NRS 487.800:
1. Must be calculated using the cost of the parts and labor required to restore the vehicle to the condition it was in immediately before it was wrecked, destroyed or otherwise damaged. The cost of parts and labor must be based on:
(a) The current published actual retail price of original manufacturer equipment, retail price of new alternative equipment or the actual cost of used parts.
(b) Rates for labor which are commonly charged in the community in which the repairs will be performed.
2. May not include any cost associated with:
(a) Painting any portion of the vehicle;
(b) Replacing electronic components in accordance with the specifications of the manufacturer; or
(c) Towing the vehicle.
(Added to NRS by 2003, 1910; A 2011, 1664)