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Does insurance owe for 3rd party diminution of value?

Anonymous

∙ 17y ago

Updated: 9/11/2023

it depends on the diminshed value laws of the state where the loss occurred.

Wiki User

∙ 17y ago

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Related Questions

What does 3rd party insurance cover?

what is a SR22

What is the average monthly cost of moped insurance?

the insurance can be £170+ depending on which one u want 3rd party only = £170+ 3rd party, fire and theft= £210+ comprehensive = £400+

Does all general liability insurance cover damage at depreciated value?

General liability insurance does not provide property coverage, except for 3rd party claims alleging property damage due to the insureds' negligence.

What is the cost of car 3rd party insurance?

The cost of car 3rd party insurance varies depending on factors such as the type of car, the driver's age and driving history, and the insurance company. It typically covers damages to other people's property or injuries in an accident caused by the insured driver.

Why would one need third party insurance coverage?

One needs a 3rd party insurance coverage to cover for damage for vehicle or property. This kind of insurance covers injury of others, including passengers in the car.

Motorcycle third party only stolen from house n Ireland is anybody responable?

If you only had 3rd party insurance then you cant claim. Usually the minimum level of insurance is 3rd party, fire and theft....best bet is to ring your insurance company and double check what your plan is, also file a report with the gardaí, its possible they can recover the motorbike.

Where can someone find information on 3rd party car insurance?

NMRA Insurance has some information on their website about third party auto insurance, what is covered, and comparisons between what they offer and other coverage. Also, Hints and Things, has a website that offers various information about third party only auto insurance.

What types of insurance does Progressive offer?

they do insurance for your car, they offer 3rd party, windscreen insurance, breakdown and recovery, and accidental dammage. they claim to have low prices, but dont they all

What do you do if you were not at fault for the accident but have no insurance?

hope to god the other car has 3rd party insurance. Third Party insurance covers you for damage caused by your car to property owned by a third party in the event of an accident. That means you're covered for any damage you may accidentally cause to someone else's property.

Can you sue a third party for diminished value in Florida?

It is universally acknowledged, in every state, that Diminished Value is owed by the liable (at-fault) party that caused the Diminished Value damage. If the liability insurance carrier for the at-fault party owes for repairing your damaged vehicle, they owe for the Diminished Value as well - It's just that simple !While it has been universally accepted that Diminished Value is owed to not-at-fault victims (3rd party claimants), courts are generally taking the position that insurance companies do Not owe Diminished Value damages to their own insureds under their policy's Collision or Comprehensive coverages. However, there are three states where insurance companies Do owe Diminished Value to their own policyholders - Georgia, Kansas and North Carolina.Answer:Yes. You need to file suit in the county in which they are registered, check with the secretary of state. Take them to small claims court and have an independent appraiser testify as an expert witness.

What type of commercial insurance covers an employee causing damage at a 3rd party?

This would be covered under your general liability policy for your business

Who requires a special report with the used of unlisted codes?

The company, insurance company, or 3rd party payor that is processing the claims. They can then determine from the special report the appropriateness of the care and the medical necessity of the service provided.

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