Yes. The diminished value of your vehicle is recoverable in the state of Minnesota in third party cases only.
Is it mandatory for motorists to carry liability insurance in Minnesota ?
Yes. Minnesota law requires vehicle owners carry no-fault insurance, liability insurance, and uninsured motorist insurance. The minimum limits for no-fault coverage are $20,000 for medical coverage and $20,000 for loss of income. The requirements for minimum liability insurance includes $30,000 for injuries per person, $60,000 for total injuries per accident, and $10,000 for property damage.
Do you handle diminished value claims in Minnesota ?
Yes. Although we are based in Texas, our services are available across the United States including Minnesota.
Minnesota Diminished Value Claims Information:
Statute of Limitations – 6 Years from the date of the accident.
From the at-Fault Party’s Insurance Company – Yes
Under your own policy’s Uninsured Motorist Coverage – No