Accelerated Depreciation

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Vancouver ICBC Lawyer – ICBC Accelerated Depreciation – Is Your Vehicle Worth Less Because of a Motor Vehicle Accident?

British Columbia Personal Injury Law Blog, How Much Money Will I Get?, ICBC Injury Claims Info, ICBC Insurance Claims, ICBC Lawyers, In a Car AccidentBy Jaqueline Small November 9, 2020

If your vehicle has been damaged and the cost of repairs is more than $2,000.00 as a result of a motor vehicle accident, then if you choose to sell this vehicle you must declare the accident to the prospective buyer. A damaged/repaired vehicle is considered less valuable with a lower resale value. If your vehicle…

Claim for Loss of Use and Depreciation After a Car Accident

British Columbia Personal Injury Law Blog, How Much Money Will I Get?, ICBC Injury Claims Info, ICBC Insurance Claims, In a Car AccidentBy Renn Holness October 21, 2016

Losing the use of your dream car after a car accident can result in a claim for pain, suffering and loss of enjoyment of life. Also, there could be an ICBC claim for accelerated depreciation of your vehicle, over and above the personal injury claim. As we explain, these claims can be made as part of a personal…

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