The third and last part of the article on diminished value will discuss factors that are used in establishing a motor vehicle’s diminished value. Please see parts one and two of this article that discuss the types of diminished value and claim recovery in Pennsylvania for diminished value. Diminished value claims may be significant for […]
In the first part of this article, I wrote about the different types of diminished value of a motor vehicle. I mentioned that an insured’s claim for this reduction in value may be made against a third party that negligently caused the damage to the insured’s automobile, or it may arise from a first-party claim […]
For most of us, a motor vehicle is probably the most valuable item of personal property we own. In most cases, a brand new automobile costs at least $20k. A 2017 Ford F-series pickup truck, the best-selling truck in America in 2016, costs over $26,000 for an F-150 model. It is of the utmost importance […]
