Thread: Cobra Value Loss Due to Accident
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Old 04-23-2008, 09:30 AM
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Originally Posted by yeller53 View Post
Can anyone suggest what amount of $$ that I should recieve from the ins. co. for loss of value due to an accident caused by another party ? The repair quote is close to $ 12,000. Thanks for any help
The state of Illinois does not recognize diminished value. It also does not require insurance companies to pay diminished value claims. The Supreme court of Illinois also ruled in a class action lawsuit that insurance companies cannot be held liable for diminished value claims.


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