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car depreciation after a collision

I inquired with my insurance company about deminished value, they said that it only applies if you pay for the additional coverage. I found that state law doesn't allow for

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Old 01-29-2011, 08:14 PM   #1 (permalink)
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I inquired with my insurance company about deminished value, they said that it only applies if you pay for the additional coverage. I found that state law doesn't allow for diminished value claims where I live. There are a few other states that don't allow for these claims too. It might have to do with the fact that Michigan is a No-Fault state.

Link with some info not all specific to Michigan.....
http://www.carinsurance.com/kb/content33391.aspx

How Diminished Value Works....
http://www.carinsurance.com/kb/content10766.aspx

Last edited by Urbanracer; 01-29-2011 at 08:29 PM.
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