Why Does Car Insurance Depreciation Matter in an Appraisal?

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When you go through an auto damage appraisal or collision inspection, depreciation becomes a critical factor in assessing the car’s actual cash value. Companies like Virtual Collision Appraisals specialize in accurate and fair evaluations that account for age, mileage, and condition to determine the true worth of your car. The idea is simple the older your car is, the less compensation you might receive, unless your policy has provisions like zero depreciation coverage. Therefore, understanding car insurance depreciation helps you prepare for realistic expectations when filing an insurance claim.