Vehicle Damage and Diminished Value…Covered or Loss


2:30 pm

3:30 pm

What is diminished value, and how is it determined?

We know that Massachusetts doesn't make the MAP/BAP carrier pay diminished value on first-party claims. How do we know?

What about third-party claims for diminished value? Does the MAP or BAP respond?

We'll examine policy language and court cases to see whether the auto policy responds to the first and third-party claims for diminished value.

It's ALL about the words!