Accident Appraisal: Choosing the Right Institution Boosts Compensation Chances

When seeking compensation for vehicle damage after an accident in Taiwan, selecting a reputable appraisal institution is critical. While many judges acknowledge that a car's value depreciates following an accident, they rely on credible appraisal reports. A senior car dealer advises that reports solely from used car businesses may lack the necessary authority to be accepted in legal proceedings. Instead, he recommends institutions like local automotive industry associations or academic bodies, emphasizing that their credibility increases the likelihood of a favorable judgment.

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The credibility of the appraisal institution is very important, and not just any appraisal report issued by a used car dealer will be accepted.

The level of detail required in an appraisal can vary significantly among judges and depend on the specifics of each case. Some judges prefer appraisals conducted by units agreed upon by both parties involved in the dispute, deeming them more impartial. Others may demand a comprehensive inspection report, which could involve dismantling vehicle parts for photographic evidence. Such detailed examinations can incur substantial costs, potentially reaching tens of thousands of New Taiwan Dollars, which might lead parties to consider settlement instead of proceeding with the expensive appraisal.

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Each judge's requirement for the degree of appraisal varies, and it will also differ depending on the circumstances of the case.

For vehicles with lower residual values, a simpler appraisal might suffice, providing a general estimate for the judge to consider when determining compensation. However, for high-value vehicles suffering significant depreciation, it is advisable to arrange for a detailed appraisal concurrently with the initial repairs. Although this incurs higher costs, it better protects the owner's rights and ensures a more accurate assessment of the diminished value. The article also notes that the concept of "diminished value" due to accidents is becoming a recognized basis for claims.

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If the car's residual value is low, you can consider a simplified appraisal method.