Steven Plitt, Expert Witness

Insurance Bad Faith Claim Handling Expert Serving Clients Nationwide

Phone: 602-322-4038

Steven Plitt, Expert Witness

Insurance Bad Faith Claim Handling Expert Serving Clients Nationwide

CALIFORNIA COURT OF APPEALS HOLDS THAT AUTOMOBILE POLICY’S COLLISION COVERAGE DID NOT REQUIRE THE INSURANCE COMPANY TO PAY FOR THE CAR’S LOST MARKET VALUE

| May 26, 2017 | Insurance Law

In Baldwin v. AAA Northern California, Nevada & Utah, 204 Cal.Rptr 3d 433 (1st Dist. 2016), the Court held that an automobile insurer had no obligation to pay the “pre-accident value” of the insured vehicle under the policy’s collision coverage provision which gave the insurer the option to repair the vehicle and which expressly excluded diminution in value damages. The Court held that the insurer did not breach the policy’s implied covenant of good faith and fair dealing by not compensating its insured for the diminished value of the vehicle.