COMMUNICATION DAMAGE VALUATION IN THEORY AND PRACTICE

Abstract

Vehicle owner liability insurance is an important instrument of economic protection for people injured in road accidents and collisions. The compulsory nature of this insurance should be emphasized here. By securing property interests, third party liability insurance of vehicle owners plays a significant social role. The paper discusses the determination of the amount of damage, and thus the amount of hypothetical compensation in the context of the practice of trafic damage valuation. The available expert systems make it possible to estimate the value of intact vehicles, taking into account their real equipment, as well as the valuation of vehicles after the damage. Reliable preparation of the cost estimate and the correct valuation of the damage guarantees high-quality repair of the damaged vehicle, which has a preventive effect on road safety. Balancing the interests of the injured party and the insurer in the context of the preventive nature of motor claims assessment is an important practical aspect of motor claims settlement.