In the state of Oregon, if you are in a wreck and the accident was not your fault you are entitled to file a claim for Diminished Value. The following cases are pertinent to the State of Oregon and Diminished Value:
In Jose Gonzales v. Farmers Insurance Company of Oregon the Oregon Supreme Court rules that insurance consumers can collect for diminished value under their own policy unless it is specificly excluded.
Dunmire Motor Company v. Oregon Mutual Fire Insurance Company, 166 Ore 690 (1941) the Oregon Supreme Court ruled that the insured was entitled to the difference between the pre and post-loss value of the vehicle and the proper repair of the car may not accomplish this result.
In Millers Mutual Fire Insurance Co. v. Wildish Construction Co., 306 Or. 102, 758 P.2d 836 (Or. 07/06/1988) the court found that with regard to real property the cost of repair is a more accurate measure of damages than diminution of value.
In order to recover the losses you must have a diminished value appraisal completed by a professional automobile appraisal company, such as Appraisal Group of America. Also, if the other party does not have insurance and you carry uninsured/ underinsured motorist coverage you may be able to claim diminished value under your policy. Appraisal Group of America can help the Oregon Consumer in many ways. Also, Appraisal Group of America’s Corporate Headquarters is in Oregon as well as the owner, Terry Fisher is a licensed Oregon Automobile Appraiser. Call 877-655-1661 or 503-655-1661 so Appraisal Group of America can help you recover your losses today. Also, the statue of limitations for filing a diminished value claim in Oregon is 6 years from the date of loss.
