One for the Good Guys!! An Arizona Appeals Court recently held that a vehicle owner does not need to sell his or her vehicle in order to collect diminished value.  Oliver v. Henry, 260 P. 3d 314 (2011).  In Oliver, the Plaintiff’s alleged that his Jeep Wrangler incurred a significant loss in value caused by [...] Read more »

In Texas, diminished value is recoverable against the at-fault driver or his or her insurance company. In the Texas Insurance Commissioner’s Bulletin B-0027-00, released April 6, 2000, the purpose of which is clarifying the Texas Department of Insurance’s position with respect to diminished value, it states, in pertinent part: An insurer may be obligated to [...] Read more »

Fortunately, if you have been in an accident in Florida that was not your fault, you are probably entitled to diminished value.  Florida, like the majority of states, does recognize diminished value in the third party context and it is compensable claim that the at-fault party (or his or her insurance company) is legally obligated [...] Read more »