Reconciling the Principle of Indemnity in Diminished Value Automobile Insurance Claims 29 Connecticut Insurance Law Journal 2022-2023

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29 Conn. Ins. L.J. 1 (2022-2023)
Reconciling the Principle of Indemnity in Diminished Value Automobile Insurance Claims

handle is hein.journals/conilj29 and id is 11 raw text is:

RECONCILING THE PRINCIPLE OF INDEMNITY IN
DIMINISHED VALUE AUTOMOBILE INSURANCE CLAIMS

HAROLD WESTON* AND BRENDA WELLS-DIETEL*4

I. IN TR OD U CTION .......................................................................... 2
II. COVERAGE UNDER THE ISO PERSONAL AUTOMOBILE
POLICY ............................................................................................. 3
A. ISO COVERAGE FOR LIABILITY LOSSES ............................. 3
B. ISO COVERAGE FOR FIRST-PARTY LOSSES ......................... 6
III. THE PRINCIPLE OF INDEMNITY IN INSURANCE...................15
A. DOES THE INSURED SUFFER A COMPENSABLE LOSS
CONSISTENT WITH THE PRINCIPLE OF INDEMNITY................ 18
IV. RECONCILING THE PRINCIPLE OF INDEMNITY TO
DIMINISHMENT OF VALUE IN AUTO CLAIMS................... 25

*Clinical Associate Professor and WSIA Distinguished Chair in Risk
Management & Insurance, Georgia State University, J. Mack Robinson College of
Business, and College of Law (secondary appointment).
**Ph.D., Department Chair and Robert F. Bird Distinguished Professor of Risk
and Insurance, East Carolina University.