{"id":1393,"date":"2024-07-25T02:36:11","date_gmt":"2024-07-24T23:36:11","guid":{"rendered":"https:\/\/dyclegal.com\/working-areas\/arac-deger-kaybi\/"},"modified":"2024-10-24T12:30:45","modified_gmt":"2024-10-24T09:30:45","slug":"vehicle-value-loss","status":"publish","type":"page","link":"https:\/\/dyclegal.com\/en\/practice-areas\/vehicle-value-loss\/","title":{"rendered":"Vehicle Value Loss"},"content":{"rendered":"\n
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Contact us<\/a><\/strong> now to get a free consultation from our team!<\/p>\n<\/blockquote>\n\n\n\n

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Traffic accidents are one of the problems that occur unintentionally in our daily lives. Today, with the number of vehicles entering the traffic increasing day by day, the number of traffic accidents with material damage is also increasing day by day. With the loss of vehicle value, it is possible to obtain and return the material damages incurred in your vehicle as soon as possible.<\/p>\n\n\n\n

In order to determine the loss of value of your vehicle in the most accurate way, we work together with the insurance arbitration commission and the experts who act as experts in the courts.<\/p>\n\n\n\n

With its transparent working methodology, DYC Law and Consultancy shares a copy of your file with you after creating it. In addition, we keep you informed about all the transactions carried out regarding your file at every step until the process is completed.<\/p>\n\n\n\n

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What is Vehicle Value Loss?<\/strong> After an accident, the difference between the undamaged second-hand market value of the vehicle before the accident and the second-hand market value after the accident occurred and was repaired is called vehicle depreciation.<\/p>\n\n\n\n

What are the Conditions for Vehicle Depreciation?<\/strong><\/h2>\n\n\n\n
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  • Occurrence of a double-sided accident<\/li>\n\n\n\n
  • Not being 100% at fault in the accident<\/li>\n\n\n\n
  • Damage to the vehicle as a result of an accident and the damage has been repaired<\/li>\n\n\n\n
  • Parts damaged as a result of the accident have not been damaged before<\/li>\n\n\n\n
  • No more than 2 years have passed since the date of the accident<\/li>\n<\/ul>\n<\/div>\n\n\n\n
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    ARA\u00c7 DE\u011eER KAYBI<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n
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    ARA\u00c7 DE\u011eER KAYBI<\/figcaption><\/figure>\n<\/div>\n\n\n\n
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    How is Vehicle Value Loss Calculated?<\/strong><\/h2>\n\n\n\n
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    • Make and model of your vehicle<\/li>\n\n\n\n
    • Date of manufacture of your vehicle<\/li>\n\n\n\n
    • Your vehicle’s registration date<\/li>\n\n\n\n
    • The mileage of your vehicle at the time of the accident<\/li>\n\n\n\n
    • The fair market value of your vehicle in the second-hand market as of the date of the accident<\/li>\n\n\n\n
    • Damage history and nature of your vehicle<\/li>\n\n\n\n
    • It is calculated by taking into account the painted\/changed parts of your vehicle.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n
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      If a power of attorney is issued and given to us, we will obtain all the documents written below from the relevant places and start the procedures related to your file immediately.<\/p>\n\n\n\n

      What are the Documents Required for Vehicle Value Loss?<\/strong><\/strong><\/h2>\n\n\n\n
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      • Accident report<\/li>\n\n\n\n
      • Expert report<\/li>\n\n\n\n
      • E-archive invoice<\/li>\n\n\n\n
      • Example of a license<\/li>\n\n\n\n
      • Tramer record (You can obtain it by sending an SMS by typing your vehicle license plate number to 5664)<\/li>\n\n\n\n
      • Crime scene photographs of the accident<\/li>\n\n\n\n
      • Photos of vehicle repair moment<\/li>\n<\/ul>\n<\/div>\n\n\n\n
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        ARA\u00c7 DE\u011eER KAYBI<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n
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        DYC Law and Consultancy finalizes the process of loss of value of your vehicle within 3-6 months on average.<\/p>\n<\/blockquote>\n\n\n\n

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        S\u0131k\u00e7a Sorulan Sorular (SSS)<\/h3>\n\n\n
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        What is vehicle depreciation?<\/strong><\/h3>\n
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        Vehicle damage value loss refers to the decrease in the market value of the vehicle as a result of damage to a vehicle and represents the financial equivalent of this decrease. Vehicle damage loss of value can be claimed by the vehicle owner by applying to the insurance company.<\/p>\n\n<\/div>\n<\/div>\n

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        What are the conditions for vehicle depreciation?<\/strong><\/h3>\n
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        Vehicle Damage: In order to make a claim for loss of vehicle value, the vehicle must have suffered some kind of damage. Damage can occur for various reasons such as accidents, collisions, floods, theft.<\/p>\n

        Repair of the Damage: The damaged vehicle must have been repaired and restored. The repair process is carried out to repair the damage to the vehicle and make it usable again.<\/p>\n

        The Damage Reduces the Value of the Vehicle: An important condition for a claim for loss of vehicle value is that the damage must have reduced the market value of the vehicle. In other words, the value of the vehicle must decrease as a result of the damage.<\/p>\n

        When these conditions are met, the vehicle owner can usually apply to the insurance company and make a claim for loss of vehicle value. This claim aims to compensate for the loss in the market value of the vehicle after the damage.<\/p>\n\n<\/div>\n<\/div>\n

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        Under what conditions is the loss of vehicle value taken?<\/strong><\/h3>\n
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        Vehicle depreciation can be claimed in cases where the vehicle has been damaged. For example, when a vehicle is damaged in an accident, the owner can claim for loss of vehicle value.<\/p>\n\n<\/div>\n<\/div>\n

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        Who pays for vehicle depreciation?<\/strong><\/h3>\n
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        The answer to the question \u201cWho pays for loss of value?\u201d depends on whether the damage is covered by insurance or not. If the damage is covered by insurance, the loss in value is usually paid by the insurance company. However, if the damage is not covered by insurance or if loss of value is not specifically included under a particular policy, such losses are usually borne by the vehicle owner. It is therefore important to assess the damage according to the insurance policy and contact the insurance company.<\/p>\n\n<\/div>\n<\/div>\n

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        Is there a mileage limit for vehicle depreciation?<\/strong><\/h3>\n
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        No. The mileage limit for a vehicle depreciation claim may vary by country and insurance company. It may also vary depending on the age and model of the vehicle and the extent of the damage.<\/p>\n\n<\/div>\n<\/div>\n

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        To whom is the vehicle value loss payment made?<\/strong><\/h3>\n
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        Ara\u00e7 de\u011fer kayb\u0131 genellikle ara\u00e7 sahibine \u00f6denir. Bu \u00f6deme, hasar\u0131n boyutuna, arac\u0131n ya\u015f\u0131na, modeline ve sigorta poli\u00e7esine g\u00f6re de\u011fi\u015febilir, ancak genel olarak ara\u00e7 sahibinin hasar sonucu olu\u015fan de\u011fer kayb\u0131n\u0131 telafi etmeyi ama\u00e7lar.<\/p>\n\n<\/div>\n<\/div>\n

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        Which parts are subject to vehicle depreciation?<\/strong><\/h3>\n
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        Vehicle depreciation can vary depending on the type of parts damaged. For example, damage to the body of the vehicle may result in a higher depreciation, while mechanical damage may result in a lower depreciation.<\/p>\n\n<\/div>\n<\/div>\n

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        Do totaled and severely damaged mean the same thing?<\/strong><\/h3>\n
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        Heavy damage and total loss are different concepts. While severe damage represents a major damage to the vehicle, a total loss means that the vehicle has lost value according to the damage rate and is in a condition that cannot be repaired. When a vehicle is declared totaled, it can lead to the complete loss of the vehicle and compensation by the insurance company.<\/p>\n\n<\/div>\n<\/div>\n

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        Is an airbag deployment considered as severe damage?<\/strong><\/h3>\n
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        The deployment of a vehicle’s airbag is generally considered to be severe damage. However, a decision is made taking into account factors such as the extent of the damage and the overall condition of the vehicle.<\/p>\n\n<\/div>\n<\/div>\n

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        Is an airbag deployment considered as severe damage?<\/strong><\/h3>\n
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        The deployment of a vehicle’s airbag is generally considered to be severe damage. However, a decision is made taking into account factors such as the extent of the damage and the overall condition of the vehicle.<\/p>\n\n<\/div>\n<\/div>\n

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        How is it determined if a vehicle is totaled?<\/strong><\/h3>\n
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        A pert decision is made when the cost of repairing a vehicle’s damage is high compared to the market value of the vehicle.<\/p>\n\n<\/div>\n<\/div>\n

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        How is the fair value of a vehicle calculated?<\/strong><\/h3>\n
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        The fair value of a vehicle is determined based on factors such as the make, model, age, mileage, equipment and general condition of the vehicle.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

        Contact us now to get a free consultation from our team! Traffic accidents are one of the problems that occur unintentionally in our daily lives. Today, with the number of vehicles entering the traffic increasing day by day, the number of traffic accidents with material damage is also increasing day by day. With the loss […]<\/p>\n","protected":false},"author":1,"featured_media":985,"parent":1312,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1393","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/pages\/1393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/comments?post=1393"}],"version-history":[{"count":0,"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/pages\/1393\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/pages\/1312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/media\/985"}],"wp:attachment":[{"href":"https:\/\/dyclegal.com\/en\/wp-json\/wp\/v2\/media?parent=1393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}