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Motor collision claimants can recover diminished value of repaired vehicles

Photo of Patrick Bracher (ZA)
By Patrick Bracher (ZA) on October 22, 2021

The Massachusetts highest court found that an insurer is obliged to compensate the claimants not only for repairs to their vehicles to restore them to pre-collision condition but also for what is known as inherent diminished value (IDV).  IDV damages are included as part of the amounts to which a claimant is legally entitled to…

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Norton Rose Fulbright’s financial institutions team provides straightforward legal updates. Our lawyers offer local insights with an international perspective recognised worldwide. This blog focuses on the South African market and is about sharing knowledge with you. Blog posts are not legal advice.

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