On February 19, 2020, the Indiana Court of Appeals issued an opinion that clarified whether plaintiffs can recover damages for the inherent diminished value of personal property caused by the negligence of a tortfeasor. In Shield Global Partners-G1, LLC v. Lindsay Forster, the defendant rear-ended a pickup truck and admitted the accident was her fault. The truck was repaired after the accident occurred and was appraised twice in order to determine its diminished value. The plaintiff then filed a negligence action against the defendant to recover damages for the inherent diminished value of the truck following repairs.
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Indiana Court of Appeals Addresses Damages for Inherent Diminished Value of Personal Property
Parr Richey Frandsen Patterson Kruse LLP | Feb 28, 2020 | Actual Cash Value, Broad Evidence Rule, Damages, Replacement Cost Coverage |
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