The issue of vehicle depreciation is handled in more ways than one from the point of view of insurers and insurance companies. However, before explaining the depreciation details of the damage, it is necessary to study and understand the concept of depreciation a little. Although there is no clear definition of the concept of vehicle depreciation among the Decrees specified in the law in our law, it is possible to say that the provisions of the articles of association are carried out in accordance with the demands on which they are based.
With Compulsory Financial Liability Insurance for Motor Vehicles on Highways, the insurer is jointly and severally, that is, chained to the liability of the owner of the vehicle that was defective at the time of the accident. 1409 of the Turkish Commercial Code numbered 6102. according to the article, if a loss of value occurs during a traffic accident, the traffic insurance organization affiliated with the defective party is obliged to cover both the damage and damage caused by the accident 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 leads to damage, bodily injury or death of someone, or if the title of a business or enterprise under the name of a motor vehicle or this enterprise is interrupted by a penalty during operation, a motor vehicle operated by the business owner becomes severally liable for damages arising from the business to which it is affiliated. Of course, depreciation can vary depending on many different nuances and factors.
To give an example of the situation, for example, a part of a vehicle that has been accidentally treated with paint does not lose value after an accident again. However, if damaged parts are replaced, this may lead to a loss of value. Although it is possible to extract 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 depreciation collection.