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How to Claim Depreciation Compensation for a Rear-Ended New Car?

1Answers
BraydenFitz
09/05/2025, 10:05:11 PM

If you have insurance, the insurance company will handle the claim, and there is no need to compensate for depreciation since new cars do not have depreciation fees. If you do not have insurance, you can have the car repaired at a 4S shop, and the repair costs will be fully covered by the other party. If the rear-end collision is not severe, you can assess the damage yourself or consult an appraisal center. There are no explicit regulations on this issue, so it requires negotiation. Additional information: 1. Claim: There is no need to worry about the claim. The police and both insurance companies will handle it upon arrival, or it can be resolved through the insurance companies. Generally, the at-fault party is responsible for covering the car's repair costs and compensating for lost wages. 2. Liability: If the other party is fully at fault for the rear-end collision and there are no casualties, the at-fault party is typically responsible for the car's repair costs and lost wages. If the affected party has a fixed income, the compensation is calculated based on the reduction in fixed income due to the accident. If the income exceeds three times the average living expenses in the area where the accident occurred, it is calculated at three times the amount. For those without a fixed income, compensation is calculated based on the average income level of the same industry in the area where the accident occurred.

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