Yes. The diminished value of your vehicle is recoverable in the state of New Jersey in third party cases and under your own policy’s Uninsured Motorist Coverage.
Is it mandatory for motorists to carry liability insurance in New Jersey?
Yes. all vehicles in NJ must have Liability, Personal Injury Protection (PIP), and Uninsured/Underinsured Motorist Coverage. New Jersey allows you to choose between a basic policy and a standard policy.
Do you handle diminished value claims in New Jersey?
Yes. Although we are based in Texas, our services are available across the United States including New Jersey.
New Jersey 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 – Yes