Can You Claim Depreciation Compensation for a New Car Involved in a Traffic Accident?

[SanPhoebe]

Currently, the "Civil Code" only provides principled regulations regarding depreciation compensation. As long as a car owner is involved in a collision, they can file a claim for depreciation compensation. Traffic accident handling process: On-site investigation: After a traffic accident occurs, if the parties involved have no disputes about the facts and causes, they can immediately leave the scene and negotiate compensation matters on their own. If they do not leave the scene immediately, they must protect the scene and promptly report it to the public security authorities. The on-duty police officer will conduct an on-site investigation. Liability determination: After ascertaining the basic facts of the accident and collecting sufficient evidence, the liability determination will be made strictly in accordance with the prescribed time and in accordance with the law. All parties involved will be summoned to clarify the basic facts of the accident and the reasons and basis for the liability determination. Penalty: After the liability determination takes legal effect, the penalty ruling will be announced to the responsible party. The parties involved will be informed of their right to apply for administrative reconsideration and the legal time limit. Relevant procedures for the penalty will be processed, and the penalty will be executed. Compensation mediation: Within the prescribed time, the parties involved or their agents will be asked whether they are willing to engage in compensation mediation. If they are willing, the mediation can be conducted up to two times; if they are unwilling, the parties involved will be informed that they can file a civil lawsuit with the People's Court within the legal time limit.