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Inherent Diminished Value assumes proper repair has been completed and is defined as the amount by which the market value of the repaired vehicle is less than the market value of the same vehicle before the accident. Almost every vehicle that experiences an accident suffers a certain amount of Inherent Diminished Value.
Based on this example, an auto insurer would pay out a maximum of $1,500 for a diminished value claim on this vehicle. However, based on the damage and mileage, the final calculated estimate for a ...
Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...
In 2002, the company settled with the State of Georgia in a class action lawsuit over diminished value claims brought by policyholders. [40] Five years later, the company apologized after it was revealed they hired private investigators to infiltrate a church group and pose as congregation members to collect information on litigants seeking ...
One day after a Georgia judge invalidated the state's controversial "hand count" rule, a separate judge Wednesday evening invalidated even more rules that were passed by the Republican-led state ...
The state and national Democratic parties sued Monday to block two recent rules adopted by Georgia's State Election Board that could be used by county officials who want to refuse to certify an ...
In 1984, the United States Supreme Court held in Solem v. Bartlett, 465 U.S. 463 (1984), that "only Congress may diminish the boundaries of an Indian reservation, and its intent to do so must be clear."
For the second time in two days, Georgia judges delivered a major blow to efforts by the state's election board to change the rules governing this November's election just weeks in advance.. In a ...