What is Vehicle Depreciation?

The issue of vehicle depreciation is handled from different perspectives by insurance and insurance companies. However, before explaining the details of damage depreciation, it is necessary to examine and understand the concept of depreciation a little. Although there is no clear definition for the concept of vehicle depreciation among the laws specified in our law, it is possible to say that certain issues are realized in line with the demands on which they are based.

With the Highways Motor Vehicles Compulsory Liability Insurance, the insurer is jointly and severally jointly, that is, chained to the responsibilities of the vehicle owner who was defective at the time of the accident. According to Article 1409 of the Turkish Commercial Code No. 6102, in case of loss of value during a traffic accident, the traffic insurance institution, which is affiliated with the defective party, is obliged to both cover the damage and loss caused by the accident and compensate the loss of value, which is considered as direct loss. .

According to Article 85 of the Highway Traffic Law No. 2918, if the vehicle causes death or injury to a person or damage to something, if the motor vehicle is operated under the title or business name of an enterprise or with a ticket issued by this enterprise, the operator of the motor vehicle and the one to which it is connected, The owner of the enterprise is jointly and severally liable for the resulting damage. Of course, depreciation can vary according to many different nuances and factors.

To give an example about the situation, for example, a vehicle part that went into the paint process as a result of an accident does not lose its value after it has had an accident again. However, if damaged parts are replaced, this may cause a loss of value. While it is possible to derive these and similar examples, it is vital to obtain detailed information, conduct a comprehensive research and consult a lawyer specialized in vehicle depreciation before filing a lawsuit for loss of value or taking any action regarding loss of value collection.

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