återställningsvärde

återställningsvärde is a Swedish term that translates to "recovery value" or "salvage value" in English. It refers to the estimated worth of an asset, typically a vehicle or piece of equipment, after it has been damaged and is no longer considered economically feasible to repair. This value is determined by assessing the potential sale price of the damaged item for parts or scrap.

The concept of återställningsvärde is particularly relevant in the insurance industry. When an insured item, such as a car involved in an accident, is deemed a total loss, the insurance company will pay out the market value of the vehicle before the damage occurred. However, the insurance company may then choose to sell the damaged vehicle to a salvage company. The proceeds from this sale are considered the återställningsvärde, and this amount is typically deducted from the total payout to the policyholder. This ensures the insurer does not pay for both the loss of the vehicle and the ownership of the damaged remains.

Similarly, in the context of industrial machinery or equipment, if a piece of equipment is severely damaged and the cost of repair exceeds its remaining useful value, its återställningsvärde might be considered. This would be the amount it could be sold for as scrap metal or for individual components that might still be functional. The calculation of återställningsvärde helps in making financial decisions regarding damaged assets and plays a crucial role in the financial settlement of insurance claims.