Loss Of Value Of Vehicle In Traffic Accidents
According to statistical data, ninety percent of traffic accidents cause material damage. Traffic accidents may involve death, injury and material damage. In traffic accidents with material damage, the vehicles involved in the accident can organize an accident report among themselves without calling the police. In the event that the parties cannot agree on keeping the report as a result of a traffic accident with material damage, it is necessary to call the police and ensure that a report is kept, even if the accident has material damage. Otherwise, it may be difficult to ensure that the vehicle is repaired or totaled with compulsory insurance (traffic insurance) and voluntary insurance (motor insurance).
Drivers whose vehicles are damaged in a traffic accident through no fault of their own are covered by the other party’s traffic insurance, or if the other party does not have insurance, by your insurance policy. The damaged vehicle is repaired by the authorized service and the necessary parts are replaced with the originals. However, in the following process, the vehicle will have a damage record. The presence of a damage record on a vehicle may cause the vehicle to be sold below the second-hand market value and sometimes even not to find a buyer.
As a result of a traffic accident, the vehicle owner who is not at fault in the accident may file a claim for loss of vehicle value compensation for the decrease in the value of the vehicle.