Insurance 101 – Chapter 14 – Volume 8 – Diminution

Diminution

Similarly, in Hawaii, in County of Kauai v. Pacific Standard Life Insurance Co., 653 P.2d 766, 65 Haw. 318 (Haw. 10/14/1982), diminution of value was used to establish value for the purposes of condemnation, and in Clog Holdings, N.V. v. Bailey, 92 Haw. 374, 992 P.2d 69 (Haw. 02/01/2000), diminution was used as the method of establishing values for loss to real property. Whether Hawaii will use diminution in an auto insurance situation has not yet been resolved.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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