Does Arkansas Allow Diminished Value Claims?

Yes. The diminished value of your vehicle is recoverable in the state of Arkansas in third party cases and under your own policy’s Uninsured Motorist Coverage in the case of Hit and Run, and Uninsured At Fault Diminished Value Claims .

Is it mandatory for motorists to carry liability insurance in Arkansas?

Yes. Under Legislation passed in 1987 and 1999, it is unlawful for any person to operate a motor vehicle in Arkansas unless the vehicle is insured with the minimum amount of liability coverage. The minimum amount is $25,000 for bodily injury or death of one person in any one accident, $50,000 for bodily injury or death of two or more persons in any one accident and $25,000 for damage to or destruction of the property of others.

Do you handle diminished value claims in Arkansas?

Yes. Although we are based in Texas, our services are available across the United States including Arkansas.

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Arkansas Diminished Value Claims Information:

• Statute of Limitations – 3 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. Hit and Run, and Uninsured At Fault Diminished Value Claims may be claimed under your own policy’s Uninsured Motorist Coverage.

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