A court case from 1840 shows how insurance companies have tried for a long time to avoid diminished value liability:
Insurance and Auto Appraisal News
The Oregon Supreme Court strengthened Diminished Value claims with a ruling against Insurance Companies. An excerpt from the ruling:
Cases decided October 23, 2008
Jose Gonzales v. Farmers Insurance Company of Oregon, et al., (TC 9910-11479) (CA A128598) (SC S054486)
On review from the Court of Appeals in an appeal from the Multnomah County Circuit Court, Frank L. Bearden, Judge. 210 Or App 54, 150 P3d 20 (2006). The decision of the Court of Appeals is affirmed. The judgment of the circuit court is reversed, and the case is remanded to the circuit court for further proceedings. Opinion of the Court by Justice Robert D. Durham.
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An error on the State of Missouri Department of Insurance website demonstrates how widespread mis-information is about diminished value.
What is the difference between an automated diminished value appraisal and a diminished value appraisal completed by Autoloss? So much…
There are many automated websites selling so-called diminished value appraisals. Many of these so-called diminished appraisals are not signed and give no customer service if the client has problems. Autoloss believes the automated sites are good for information on Diminished Value but truly give little help with regards to successfully claiming diminished value.
The "diminished value" lawsuit might end up including most insurance-covered auto repairs in the state since 1993
The Oregon Supreme Court on Thursday sided with an automobile policyholder who said his insurance company should pay not only for repairs, but also the loss in value his vehicle suffered as a result of an accident.
The class-action lawsuit could end up including most insurance-covered auto repairs in Oregon since 1993, said Dan Gatti, the lead plaintiff's attorney.
"It's huge," Gatti said.
Expert commentary and legal background on "perceptual diminished value."
Supporting our opinion on the shortcomings of simple diminished value formulas, Georgia Insurance Commissioner Oxendine orders insurers to stop telling claimants that there is a state-approved method of calculating diminished value.