How to Claim Compensation for New Vehicle Depreciation?

1 Answers
DeKevin
07/29/25 11:06pm
There are two methods to claim compensation for new vehicle depreciation: 1. Non-fault party: Generally, the non-fault party is entitled to depreciation compensation. The post-repair depreciation fee for vehicles damaged in traffic accidents shall be assessed by qualified appraisal agencies appointed by local traffic management authorities. 2. At-fault party: For vehicle damage caused in traffic accidents, the at-fault party is typically only responsible for repairing the non-fault party's vehicle and generally doesn't need to pay post-repair depreciation fees. Note: The driver bearing direct responsibility for the accident consequences shall be liable for compensation, and if the driver is simultaneously the vehicle owner, they shall be responsible for the compensation.
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