Insurance 101 – Chapter 14 – Volume 44 – Diminution of Value and Automobile Material Damage Claims

Diminution of Value and Automobile Material Damage Claims

A brief overview of how the states deal with automobile material damage claims when the vehicle loses value after it is completely repaired by an insurer.

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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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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