Diminution Of Value Can Be Claimed For Damage To Property

 

The Arizona Court of Appeals recently concluded that Arizona law did not require the sale or transfer of a damaged vehicle in order to establish a claim for diminution of value.  Arizona law holds, therefore, that as long as a plaintiff is able to prove loss of value though competent means, such as an expert appraisal of the pre-loss and post-repair value, a diminished value claim can proceed even if the plaintiff does not suffer any actual loss.