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When something has diminished in value, it means that the item's selling value has decreased on the market. This concept occurs because items wear out with time and get replaced by newer, often better products.
15 months
The time limit to file for an insurance claim in Illinois depends on the type of claim it is, such as house or car. Typically you have one year form the date of the incident to file. Your insurance company may set different limits.
2 years
In the UK I believe it is 3 years.
It can vary anywhere from 1 to 18 months.
In the state of Arizona, there is no specified time limit in which an insurance company has to settle a claim with an insured party or with a third party that has filed a claim. An individual does have a time limit of two years in which to file a lawsuit against the driver who was at fault in an accident.
Claims are normally based on an insurance contract. The contract will specify the time limit in which a claim must be filed.
There is no time limit on a court order.
I believe it's 90 days, as a Provider.
In Florida, magistrates insist that Auto Diminished Value reports are prepared by licensed appraisers (FL Adjusters license) and that said reports contain actual dealer quotes showing their opinions of the loss of value. St. Lucie Appraisal in Fort Pierce obtains six dealer quotes. Some national companies obtain none. Make sure your appraiser doesn't rely on formulas. To determine the correct diminished value percentage the appraiser has to put in the time to do it right. In general, late-model cars that were repaired experience a 15-20% loss of value. Some exotics and SUVs are impacted considerably more.
One year is the time limit someone can claim property left behind on someone else's property in the state of California. After the one year time period is up, the item is up for grabs.