What are the standards for vehicle damage assessment?
1 Answers
There is no fixed standard for vehicle damage assessment; it depends on the specific accident situation. Below is a detailed introduction: 1. Standards: The vehicle damage assessment standard is uniformly regulated by the National Price Bureau nationwide. Once the policyholder's vehicle is involved in an accident, a specialized damage assessment department evaluates the vehicle, but the policyholder must report the incident to the insurance company within 24 hours. The standard for vehicle damage assessment is determined based on the vehicle's price and the types of insurance coverage. If the policyholder has comprehensive insurance coverage, the insurance company will fully compensate for the losses caused by the accident. 2. Notes: Vehicles and items involved in traffic accidents are uniformly stored by the public security authorities. After inspection and appraisal, they are entrusted to a price assessment institution for loss price appraisal. During the vehicle and item price loss appraisal, all parties involved should be present. For vehicles and items involving insurance, the parties should also notify the insurance company to send personnel to the scene (failure to appear without reason will be treated as absence). The price appraisal conclusion for vehicle and item losses in road traffic accidents should generally be made within 7 days after the accident. Under special circumstances, it can be extended by 7 days with approval. If the parties disagree with or have objections to the confirmed appraisal conclusion, they can apply for a re-appraisal to the accident department of the traffic police detachment's publicity office within 5 days of receiving the "Road Traffic Accident Vehicle and Item Loss Price Appraisal Report"; the re-appraisal conclusion should be made within 10 days. The price appraisal conclusion for vehicle and item losses in road traffic accidents takes effect after being confirmed by the public security traffic management department.
