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Is there depreciation compensation for new car insurance claims?

1 Answers

OElena

07/30/25 4:33am

This issue is not clearly stipulated by law and requires negotiation for resolution. Since vehicle damage will inevitably lead to some degree of depreciation, the specific amount should be determined based on the location and extent of the damage. Generally speaking, such cases can be resolved through negotiation, but if negotiation fails and the individual believes their loss is significant, legal action through litigation can be pursued. Below is some information regarding car insurance claims: 1. Regulations on claiming depreciation compensation: When a car suffers value loss after accident repairs, depreciation compensation can be claimed, but sufficient evidence is required. If the other party refuses to compensate, legal action can be taken through the People's Court. 2. Introduction to auto insurance: Motor vehicle insurance, commonly known as auto insurance, refers to a commercial insurance that covers liability for personal injury or property damage caused by natural disasters or accidents involving motor vehicles.

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