Portland, OR- The supreme court held in Gonzalez v. Farmers of Oregon, et, al., SC S054486, . that the policy holder could recover diminished value from his first- party policy, Farmers insurance. Damages against Farmers insurance could be in excess of $30 million. Currently, there are class action lawsuits against Allstate, Progressive, and State Farm for diminished value as well in Oregon. The class action lawsuit could end up including-covered auto repairs in Oregon since 1993, states Dan Gatti the lead plaintiffs attorney.

In the state of Oregon, if a consumer is in a wreck and the accident was not the consumers fault the consumer is entitled to file a claim for diminished value. The following case is pertinent to the State of Oregon and Diminished Value as a 3rd party claim:

Dunmire Motor Company v. Oregon Mutual Fire Insurance Company, 166 Ore 690 (1941) the Oregon Supreme Court ruled that the insured was entitled to the difference between the pre and post-loss value of the vehicle and the proper repair of the car may not accomplish this result.

In order to recover the losses for diminished value the consumer must have a diminished value auto appraisal completed by a professional Automobile Appraisal Company, such as Appraisal Group of America inc.. Also, if the other party does not have insurance and the consumer carries uninsured/ underinsured motorist coverage the consumer may be able to claim diminished value under their policy. Appraisal Group of America can help the Oregon Consumer in many ways. Also, Appraisal Group of America’s Corporate Headquarters is in Oregon as well as the owner, Terry Fisher is a licensed Oregon Automobile Appraiser. Call 877-655-1661 or 503-655-1661 or go to www.autoloss.com to consult with a licensed appraiser at Appraisal Group of America.

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Article Source: ArticlesBase.com - Diminished Value - Oregon Supreme Court Backs Policy Holder for Diminished Value, November, 2008