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PCI Comments on Allstate Class Action Verdict

National News • May 4, 2004
The Property Casualty Insurers Association of America has issued a comment on the verdict handed down by an Illinois jury in a class action case, which concluded that Allstate Insurance Co. does ...

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Subject: Diminished Value

Posted On: May 4, 2004, 1:05 pm CDT
Posted By: James S. Mc Kenna
Comment:
The Insurance Contract is supposed to put you back in the same position you were before the loss, no better or no worse. If you have $10,000 worth of repairs to a 2002 Lexus you can be sure that the dealer will reduce the trade in value of your car by 10%. Most appraisers at dealerships are able to pick out damaged vehicles (they may have even been the body shop that repaired the car). They may have to wholesale the car rather than put it on their lot.
Subject Posted By Posted On
RE: RE: to J. McKenna jim jacobs
Jul 6, 2004, 5:27 pm
RE: to J. McKenna Ken
May 5, 2004, 11:16 am
Allstate Wins Class Action Jere Allan
May 4, 2004, 7:32 pm
Diminished Value James S. Mc Kenna
May 4, 2004, 1:05 pm
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