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Insurance Co. paying for depreciation ?

  • 21-07-2011 8:47pm
    #1
    Delancey
    Closed Accounts Posts: 5,451 ✭✭✭


    A friend of mine was in an RTA a month ago - he was rear-ended and the other guys insurance agreed to cough up for the repairs in full , repairs have now been done and all looks well.
    My friend was told ( dunno who but suspect a barrack-room lawyer ) he should claim a depreciation charge on his vehicle - the rationale being that regardless of the car being repaired it has now been in an RTA and as such it's value has declined by at least 10%.

    Is this possible ? Might an insurer having forked out to repair a vehicle then pay , say , 10% of the vehicles value to compensate for accelerated depreciation ? I must say I've never heard of it and am a tad skeptical.


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