Diminished Value in Minnesota
Minnesota will recognize a claim for diminished value if the period has been under six years. The person claiming diminished value must also be insured. Otherwise, their claim will not be recognized by the state. They must also not be at fault for the incident. See the case below to learn more about diminished value claims in Minnesota.
Angela Marie Carolla, Respondent, vs. American Family Mutual Insurance Company, Appellant; Minn. Stat. § 480 A. 08, subd. 3 (2002)
