We are by your side in all insurance law disputes, vehicle depreciation after traffic accidents, damage compensation and insurance arbitration processes.
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.
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".
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.
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
An accident report should be filed or traffic police should be called.
Detailed photos of the damaged parts of the vehicle should be taken.
A depreciation report should be obtained from an authorized expert.
An application should be made to the other party's insurance company.
If the insurance company doesn't pay, arbitration or lawsuit proceedings begin.
Call now for consultation
+90 541 348 2551Calculate 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.
Find answers to common questions about this service
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.
Relationship across service hub, local pillar, subtopics and category articles
Application Process
Review the procedures, requirements and legal considerations for this topic.
Explore TopicRequired Documents
Review the procedures, requirements and legal considerations for this topic.
Explore TopicExpertise Report
Review the procedures, requirements and legal considerations for this topic.
Explore TopicLitigation Process
Review the procedures, requirements and legal considerations for this topic.
Explore TopicFault Ratio
Review the procedures, requirements and legal considerations for this topic.
Explore TopicHow Fault Percentage Affects Vehicle Depreciation in Istanbul
Explore how fault percentage impacts vehicle depreciation claims in Istanbul, Turkey, and understand the legal intricacies involved.
Read ArticleWhat to Do if Insurance Companies Refuse Vehicle Depreciation Payment in Istanbul
Discover your legal options in Istanbul when insurance companies refuse to pay for vehicle depreciation after a traffic accident.
Read ArticleEksper Raporu ve Değer Kaybı: İstanbul'da Bilmeniz Gerekenler
Discover everything you need to know about vehicle depreciation and expert reports in Istanbul. Understand claims, calculations, and how to navigate car damage compensation effectively in Turkey.