Repair costs: all efforts that are required to remove the damage in the best possible way including costs, way of repair and expected duration
Replacement value: the amount you will have to invest to replace the car by an equivalent vehicle
Salvage value: the current value of the damaged car based on binding biddings
Loss in value: a car with a repaired accidental damage can normally not be sold at the same price as a car which never had an accident, therefore you claim a financial compensation for this loss
Downtime compensation (daily rate): your car cannot be used due to damage or because it’s at the repair shop, so you can chose wether to rent a car for this period or get paid a financial compensation
COMPANYHUNGER & KOCK
Engineering ConsultantsAutomotive ExpertsFrankfurtHanauer Landstr. 20460314 Frankfurt am Main
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