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Old 09-03-2010, 10:21 AM
SARAFIL's Avatar
I know a thing or two...
Location: Boston, MA
Join Date: Feb 2003
Posts: 7,429
Mein Auto: '16 BMW 550i xDrive
Originally Posted by gizmo jean View Post
For those who may care, diminution in value is recognized by courts in FL as long as the insurance policy does not expressly preclude it. Coincidentally, I'm in the middle of negotiating a "proper" settlement for a friend of mine whose rebadged Toyota (SC 430) was hit by a woman who was painting her nails while driving . The insurance company offered diminution but of course, low-balled him despite clear documentation otherwise from the rebadged Toyota dealer.
Good luck getting a claim paid. Reality is that the insurance industry is very familiar with it, and many top insurance companies have made changes to their policy forms in the past several years to specifically exclude diminished value.
2016 550i xDrive Sedan -- Alpine White / Mocha Nappa Leather -- M Sport, Executive, Driver Assistance and Cold Weather Packages

Former: 2013 335i xDrive Sedan -- 2011 335i xDrive Sedan -- 2011 335i xDrive Coupe -- 2009 MCS JCW -- 2006 MZ4 -- 2002 325i -- 1997 318ti -- 1991 318i
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