Diminished Value Claims in North Carolina

Does North Carolina Allow Diminished Value Claims?

Yes. The diminished value of your vehicle is recoverable in the state of North Carolina in third party cases and under your own policy’s Uninsured Motorist Coverage.

Is it mandatory for motorists to carry liability insurance in North Carolina?

Yes. North Carolina Motor Vehicle Law requires that Automobile Liability coverage be continuously maintained. The minimum coverage requirements are $30,000 Bodily Injury for each person, $60,000 total Bodily Injury for all persons in an accident and $25,000 for Property Damage. Motor Vehicle Law also requires Uninsured/Underinsured Motorists coverage.

Do you handle diminished value claims in North Carolina?

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

North Carolina 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

Information by state

North Carolina Diminished Value Claims
Whenever you need a diminished value assessment or report, or an appraisal report for losses related to any vehicle – car, motorcycle, boat, or RV, contact EAG.
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