Can I be compensated for depreciation if my new car is hit?

A car's depreciation rate is usually calculated based on its useful life, which is its initial useful life.

The depreciation rate is very high, and the specific calculation must be determined based on the vehicle's service life standard and the vehicle depreciation calculation method. Generally, you can entrust a price appraisal center to perform calculations.

Insurance companies believe that depreciation rates have nothing to do with traffic accidents. If there were no traffic accidents, new cars would also depreciate in value.

It is difficult to find a legal basis for such indirect losses caused by traffic accidents, such as vehicle depreciation, and there are no clear provisions in the "Road Traffic Accident Handling Measures" and the "Road Traffic Safety Law".

So generally speaking, insurance companies will compensate for direct liability for accidents, but insurance companies will not compensate for indirect costs caused by accidents.

Extended data:

There are many ways to calculate depreciation. If different methods are used, the depreciation expenses calculated in an accounting period may be unequal, thereby affecting the product cost and the net book value of fixed assets in that accounting period.

So the depreciation method must be chosen carefully according to the specific situation.

The same enterprise can use different depreciation methods due to different uses and performances of fixed assets.

For example, for the houses of electronic industry enterprises, the periodic method (straight-line method) can be used like other enterprises. However, due to the rapid development of science and technology, in order to avoid the loss of scrapping and early scrapping of electronic machinery, electronic instruments, meters and supporting computers and other machinery and equipment, the accelerated depreciation method can be used for depreciation.

Even for the same fixed asset, different depreciation methods can be considered due to different usage conditions.

For example, the mechanical equipment frequently used in the enterprise adopts the service life method for depreciation, while for some mechanical equipment that is not commonly used (such as large planers), the working hours method or the output method can be used.

Reference materials:

Baidu Encyclopedia - Depreciation expenses