|
|
Article: The Georgia Supreme Court has required State Farm Insurance to reimburse motorists not only for the cost of repairing but also for the diminished value of wrecked cars.(Brief Article)
- Article from:
- Consumers' Research Magazine
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Consumers' Research, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The Georgia Supreme Court has required State Farm Insurance to reimburse motorists not only for the cost of repairing but also for the diminished value of wrecked cars. Autos that incur repair costs totaling 25% of their value, depreciate by 16% to 17%, according to the Insurance Consumer Advocate Network. By forcing State Farm Insurance to pay for the value depreciation caused by an automobile accident, this class-action victory could set a precedent for other lawsuits pending in Georgia courts. It could also result in higher premiums for consumers, reports the Atlanta ...
Related newspaper, magazine, and journal articles:
|
|
Article: Storm and Flood: News You Can Use From State Farm ...
PR Newswire;
January 2, 1997 ;
700+ words
... ... your agent, call 800-SFCLAIM. SOURCE State Farm Insurance Companies -0- 01/02/97 /CONTACT: Lonny Haskins or Bob Bauer of State Farm, 707-588-6171/ CO: State Farm Insurance Companies ST: California IN: INS SU ...
|
|