|
Unfortunately in most cases, depreciation in calculated on a percentage of the amount of damage. I run a collision repair shop and have done so for 25 years so I have a little experience. You are probably going to need a lawyer if they "low-ball" you on depreciation. Also, be aware you can not get depreciation from your own company. I personally fought with a company for almost a year on vehicle value of a 2008 Hummer Alpha H3 I had that was hit and totaled, and it took two different lawyers.
__________________
1956 Chevy PU with Corvette running gear
1969 Malibu one family bench seat 4-speed car
1980 Z28 one family 4-speed car (now 5spd)
1991 GMC Syclone
1997 30th Anniversary SS hardtop 6-speed
2014 Z/28 SIM 0059 CTF A/C and stereo
|