What Is Vehicle Depreciation
The issue of vehicle depreciation is considered from different angles from the point of view of insurance and insurance companies. However, before explaining the details of damage depreciation, it is necessary to study and understand the concept of depreciation a little. Although a clear definition has not been introduced to the concept of Vehicle Deconstruction among the laws established by law in our law, it is possible to say that it is carried out in accordance with requests based on certain considerations.
With the Compulsory Financial Liability Insurance for Motor Vehicles on Highways, the insurer participates severally, that is, in chains, in the liability of the owner of the vehicle that is defective in the accident. 1409 of the Turkish Commercial Code numbered 6102. according to the article, in case of loss of value as a result of a traffic accident, the traffic insurance company affiliated to the defective party is obliged to compensate both the damage caused by the accident and the damage and to compensate for the loss of value considered a direct loss.
85 of the Highway Traffic Law No. 2918. according to the article, if something happens that will lead to the harm or death of someone, a motor vehicle or the title of a business or enterprise under the name of this enterprise is interrupted by a penalty during operation, the motor vehicle operated by the business owner, the owner of the business to which it is affiliated, will be severally liable for any damages incurred. Of course, the depreciation may vary according to many different nuances and factors.
To give an example, a vehicle part that enters the paint process as a result of an accident does not lose value when it crashes again. However, if the damaged parts are replaced, this may lead to a loss of value. Although it is possible to reproduce these and similar examples, it is vital to obtain detailed information about the issue, conduct a thorough research and consult a lawyer specializing in vehicle depreciation before filing a loss of value lawsuit or taking any action related to damage loss collection.
The issue of vehicle depreciation is considered from different angles from the point of view of insurance and insurance companies. However, before explaining the details of damage depreciation, it is necessary to study and understand the concept of depreciation a little. Although a clear definition has not been introduced to the concept of Vehicle Deconstruction among the laws established by law in our law, it is possible to say that it is carried out in accordance with requests based on certain considerations.
With the Compulsory Financial Liability Insurance for Motor Vehicles on Highways, the insurer participates severally, that is, in chains, in the liability of the owner of the vehicle that is defective in the accident. 1409 of the Turkish Commercial Code numbered 6102. according to the article, in case of loss of value as a result of a traffic accident, the traffic insurance company affiliated to the defective party is obliged to compensate both the damage caused by the accident and the damage and to compensate for the loss of value considered a direct loss.
85 of the Highway Traffic Law No. 2918. according to the article, if something happens that will lead to the harm or death of someone, a motor vehicle or the title of a business or enterprise under the name of this enterprise is interrupted by a penalty during operation, the motor vehicle operated by the business owner, the owner of the business to which it is affiliated, will be severally liable for any damages incurred. Of course, the depreciation may vary according to many different nuances and factors.
To give an example, a vehicle part that enters the paint process as a result of an accident does not lose value when it crashes again. However, if the damaged parts are replaced, this may lead to a loss of value. Although it is possible to reproduce these and similar examples, it is vital to obtain detailed information about the issue, conduct a thorough research and consult a lawyer specializing in vehicle depreciation before filing a loss of value lawsuit or taking any action related to damage loss collection.