Professional Standards for Vehicle Damage Assessment

Release Date:	1445-11-19
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	515
Validity:	Valid
Summary:	By AI The Chief Executive Officer of the Saudi Authority for Accredited Valuers has decided to adopt professional standards for assessing vehicle damages, with the aim of standardizing evaluation methods and ensuring consistency and neutrality. The standards classify damages into four categories: minor, moderate, major, and severe, with severe damages defined as economic total loss if the repair costs exceed 50% of their market value. The wreckage is also classified into two categories: technical and ...

Release Date:

1445-11-19

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

515

Validity:

Valid

Summary:

By AI

The Chief Executive Officer of the Saudi Authority for Accredited Valuers has decided to adopt professional standards for assessing vehicle damages, with the aim of standardizing evaluation methods and ensuring consistency and neutrality. The standards classify damages into four categories: minor, moderate, major, and severe, with severe damages defined as economic total loss if the repair costs exceed 50% of their market value. The wreckage is also classified into two categories: technical and ...