A software used within the evaluation of car worth discount after an accident. This calculation goals to quantify the loss in market worth skilled by a automobile, even after it has been correctly repaired. For instance, a automobile concerned in a serious collision, even when repaired to pre-accident situation, might promote for lower than an analogous automobile with a clear historical past.
The importance of this analysis lies in its potential to recuperate monetary losses. It permits automobile homeowners to hunt compensation from the at-fault get together’s insurance coverage firm for the lower in resale worth ensuing from the accident. Traditionally, acquiring any such restoration concerned advanced negotiations and subjective assessments. Standardized calculation strategies present a extra goal foundation for claims.