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.
Originally Posted by gizmo jean
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.
2013 BMW 335xi Sedan
Estoril Blue / Black Leather
6MT, M-Sport, Premium Pkg, Cold Weather Pkg, Dynamic Handling Pkg, Tech Pkg, HK Sound, M Performance Exhaust, M Performance Power Kit
Former: 2011 335xi Coupe -- 2009 MCS JCW -- 2006 MZ4 -- 2002 325i -- 1997 318ti -- 1991 318i