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Which States Have Laws That Support Diminished Value?

Posted by admin on 07 Aug 2008 at 1:39 am under Insurance Companies, State Specific Information, Third Party Claims, First Party Claims, State Farm, Diminished Value, West Virginia

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Is diminished value recognized in all states or just in Georgia and California as I have been told?

Diminished value, in my opinion, is a very legitimate auto insurance claim. I am one of a majority of people reflected on surveys who wouldn’t buy a car that had been wrecked unless I received a huge discount to compensate for the added risk and aggravation I would likely encounter. Some folks, I’ve found, don’t share my view. A few days ago my brother-in-law who is a retired insurance adjuster (someone who should know what he is talking about when it comes to auto insurance claims) says claims for diminished value are wrong and shouldn’t be brought against insurance companies. He says the premiums we pay for our insurance policies don’t take these losses into account. Please tell me he is wrong, and tell me which states accept diminished value claims so I can straighten out my insurance-biased brother-in-law.

Jo Ann
Charleston, WV

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Insurance Companies Rated by Auto Body Repair Shops

Posted by admin on 18 May 2007 at 2:08 pm under Original Equipment (OEM), Insurance Companies, Progressive, 21st Century, State Farm, AIG, GMAC, Allstate, American Family, Farmers, Liberty Mutual, Nationwide, USAA

I live in Ohio where we are required by law to carry auto insurance. Since I am not foolish enough to believe that all insurance companies are cut from the same cloth, I was wondering which particular insurance companies I should stay away from when I shop for cheaper auto insurance, and which companies stand out as being the best?

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