Balance the Books: Massachusetts high court rules auto insurers must pay for inherent diminished value

Boston, Massachusetts ⁠— Auto insurers operating in Massachusetts, U.S. are now required to compensate third-party claimants for any lost value of a vehicle post-collision, even after repairs are made. According to a Claims Journal report, the state’s highest court ruled Tuesday that standard auto policies issued in Massachusetts require compensation for “inherent diminished value.” “Because […]