Who is responsible for compensating the depreciation loss of a vehicle in a traffic accident?
2 Answers
Vehicle depreciation loss should be compensated by the party at fault, with the specific amount determined by a qualified assessment and appraisal institution. The following is relevant information: 1. Vehicle depreciation loss: Generally refers to the situation where, after a vehicle is involved in an accident, although its performance is restored, its economic value decreases due to the accident. The reduction in a vehicle's economic value caused by an accident is referred to as vehicle depreciation. 2. Legal basis: Article 73 of the Road Traffic Safety Law states that the traffic management department of the public security organ shall promptly prepare a traffic accident certification based on the on-site inspection, investigation, and relevant test and appraisal conclusions, which serves as evidence for handling the traffic accident. The traffic accident certification shall specify the basic facts, causes of the accident, and the responsibilities of the parties involved, and shall be delivered to the parties.
Regarding this issue, I remember a conversation with a friend recently where he mentioned being rear-ended. Although the repair costs didn't come out of his pocket, the car's value dropped by tens of thousands when he sold it. Experience tells me that the at-fault party should compensate for this loss, meaning the person who caused the accident or their insurance company should be responsible. However, insurance companies typically only cover direct losses like repair costs, not indirect losses such as depreciation, so you need to actively claim for it. The key is to gather evidence, such as hiring a professional agency to assess the depreciation amount, preserving photos of the accident scene and repair records, and then pursuing compensation through negotiation or legal action. I suggest not giving up if the loss is significant—try legal avenues. For minor losses, it might not be worth the effort. Safe driving is the most worry-free approach, and if an accident does happen, handle it promptly to avoid delays.
