WHO IS GOING TO MAKE LOSS OF VEHICLE VALUE DETERMINATION?
Determination of vehicle depreciation can be made by the expert that the license holder, specified in the motor vehicle industry, since the sector announcement that published on 23.09.2010 by the Treasury General Directorate of Insurance.
WHAT SHOULD WE KNOW ABOUT THE LOSS OF VEHICLE VALUE
Most insurance companies are refusing the loss of value for a vehicle if the damaged parts of these vehicles are only the bumpers and the plastic accents; however this is not a generally accepted rule.
As an example if we think about a latest model car; we can’t tell that the undamaged and damaged and repainted car from the front and rear bumpers are equal. Otherwise most insurance company are refusing the requests of loss of value about the cars which had an accident before the present accident. In such cases, you can demand compensation from the insurance companies and start the legal process with the loss of value report that prepared by insurance experts.
TIME OUT FOR LOSS OF VEHICLE VALUE
Timeout for the loss of vehicle value cases are 2 years. If you had an accident within two years, you may request for the loss of value.
We calculate all loss of values that within 2 years in a single operation.