Vehicle depreciation is representsing the financial loss occurring in the second-hand market value because of vehicle repairs due to accidents.
Your car, has damaged in an accident, there will be the loss of value in your car even if it has fully and properly repaired. It should be noted in this regard, the repair of the damaged part had never been or had not been repaired of a similar nature.
For example; if the painting part was painted before just because of an another accident there would be no loss of value for the vehicle; but the change of the damaged part would be cause an loss of value for that vehicle in our country conditions.
While vehicle depreciation calculating, vehicle’s
And the factors like these are considering while making expertise.
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.