Are there diminished value laws in the state of Oklahoma?

Answer 1

National Farmers Union

Property & Casualty Co. v.

Watson, 298 P.2d 762, 767

(1956)

Ruled that damages should be measured by the difference between the

fair market value before and after loss.

Dunmire Motor Co. v.

Oregon Mutual Fire Ins.

Co., 114 P.2d 1005, 1009

(1941)

Ruled that the property had not been completely restored unless there

was no diminished value after repairs.

* According to the Oregon Department of Consumer and Business

Services, "The question of whether an automobile policy covers

diminution of value is resolved by examining the insurance contract

language. Diminution of value is considered 'indemnification,' and barring

a specific exclusion, it is covered. Therefore, the contract language must

specifically exclude that exposure if the insurance company wishes to

avoid paying claims based on diminution of value." (The ISO PP 13 01 is

available in Oregon.)