Insurance Law
We are by your side in all insurance law disputes, vehicle depreciation after traffic accidents, damage compensation and insurance arbitration processes.
Why Choose Us?
- Vehicle depreciation compensation
- Damage repair compensation (part difference)
- Insurance Arbitration Commission applications
- Total loss vehicle compensation
Table of Contents
What is Insurance Law?
Insurance law is a comprehensive and technical branch of law that regulates the relationships between insurance companies and policyholders, examining the rights and obligations arising from policies. Especially in the process of compensating material and physical damages after traffic accidents, the procedures of insurance companies and changing regulations can cause grievances for rightful owners.
📊 Important Statistics
An average of 1.2 million traffic accidents occur in Turkey per year. In the majority of these accidents, vehicle owners are entitled to depreciation and damage compensation.
What is Vehicle Depreciation?
A vehicle damaged as a result of a traffic accident, even if repaired in the best way, experiences a decrease in second-hand market value because it enters the status of "accident vehicle". This material difference between the pre-accident market value of the vehicle and its post-accident repaired state is called "Vehicle Depreciation".
Depreciation Calculation Factors
Vehicle Factors
- • Brand and model
- • Year of manufacture
- • Current mileage
- • Pre-accident condition
Damage Factors
- • Extent of damage
- • Affected parts
- • Repair quality
- • Previous accidents
What is Damage Compensation?
During vehicle repair, insurance companies or contracted services may use "equivalent" or "aftermarket" parts instead of original parts to reduce costs. However, according to the "Actual Damage" principle in our law, original parts should be used in vehicle repair. Damage compensation covers the collection of the difference between the aftermarket part price paid by the insurance company and the original part price.
Insurance Arbitration Commission Application
Applications to the Insurance Arbitration Commission, which conclude much faster than court processes (average 4-6 months), offer an effective solution for depreciation and damage compensation claims. As Koçak Law Firm, we are by your side in all disputes arising from insurance law.
✅ Arbitration Advantages
- • Much faster than court process (4-6 months)
- • Lower costs
- • Review by expert arbitrators
- • Binding decision
Application Process
Accident Report
An accident report should be filed or traffic police should be called.
Damage Photos
Detailed photos of the damaged parts of the vehicle should be taken.
Expert Report
A depreciation report should be obtained from an authorized expert.
Insurance Application
An application should be made to the other party's insurance company.
Arbitration or Lawsuit
If the insurance company doesn't pay, arbitration or lawsuit proceedings begin.
Service Features
- Vehicle depreciation compensation
- Damage repair compensation (part difference)
- Insurance Arbitration Commission applications
- Total loss vehicle compensation
- Loss of use compensation
- Bodily injury and disability compensation
Call now for consultation
+90 541 348 2551Damage & Depreciation Calculator
Calculate your vehicle's estimated damage compensation and depreciation for free after a traffic accident. Know your rights!
Quick calculation gives an estimated result based on your vehicle's market value and damage type. Use detailed calculation for more accurate results.
Frequently Asked Questions
Find answers to common questions about this service
How long does a vehicle depreciation case take?
How is depreciation compensation calculated?
Can the at-fault party claim depreciation?
What is the statute of limitations?
Does insurance cover depreciation?
Get Expert Legal Support
We provide free preliminary assessment for your vehicle depreciation and damage compensation claims.
* This information is for general guidance only and does not constitute legal advice. For case-specific evaluation, please contact us.