inherent diminished value News

Diminished Value Not Covered by Standard Auto Policy, Massachusetts High Court Says

The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds. The Massachusetts Supreme Court in a 6-0 ruling has upheld dismissal of …

Massachusetts Drivers Lose Second Bid for Class Certifications Over Lost Resale Value

Three Massachusetts drivers have hit a dead end for the second time in their drive for court certification of class actions against two auto insurers over missing payments for the lost resale value of vehicles. Superior Court Justice Kenneth Salinger …

Massachusetts Judge Rejects Auto Insurance Class Actions Over Diminished Value

A judge in Massachusetts has denied class certifications for claimants seeking payments from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then repaired. Suffolk County Superior Court Justice Kenneth W. Salinger …