The issue of vehicle depreciation is handled in different ways from the point of view of insurance and insurance companies. However, it is necessary to examine and understand the concept of loss of value a little before explaining it in the details of loss of value. Although there is no clear definition for the concept of vehicle depreciation among the laws specified in our law, it is possible to say that certain matters are carried out in accordance with the demands on which it is based.

Motor vehicles compulsory financial liability insurance and the insurer, accident at the time of the defective vehicle owner’s responsibilities as a joint severally, that is, in chain. 6102 No. 1409 Of The Turkish Commercial Code. according to the article, in the event of a loss of value during a traffic accident, the traffic Insurance Institution, which is connected to the defective party, is obliged to cover both the damage and loss caused by the accident and to compensate for the loss of value which is considered to be a direct loss.

85 Of The Highway Traffic Act No. 2918. in the event that the vehicle is operated under the title or business name of an enterprise or with a ticket issued by that enterprise, the operator of the motor vehicle and the owner of the enterprise to which it is affiliated shall be jointly and severally liable for the damage caused. Of course, depreciation can vary according to many different nuances and factors.

To give an example about the situation, for example, a vehicle part that goes into the paint process as a result of an accident, does not suffer a loss of value after having an accident again. However, if damaged parts are replaced, this can lead to impairment. While it is possible to derive these and similar examples, it is vital to obtain detailed information on the subject, conduct a thorough investigation and consult a lawyer who specializes in vehicle impairment before filing an impairment claim or taking any action related to the collection of damages.