Statute of Limitations for Diminished Value Claims

Each state has its own statute of limitations for diminished value claims. A statute of limitations requires a claim to be settled, or lawsuit initiated within a certain period of time.

Even if your vehicle is repaired after an auto accident, it can never be restored to its pre-accident condition. Whether you decide to sell your car in the future or not, it is now worth less money because of the accident. This drop in value is called  “inherent diminished value”.

Insurance companies won’t tell you the statute of limitations for diminished value claims. If you do find out about this right, you can attempt to handle your diminished value claim on your own, without an attorney.


The list below allows you determine how long the Statute of Limitations for Diminished Value Claims is in your state:

 

State      Years        State            Years        State           Years        State           Years
Alabama     2            Illinois             5            Montana           2           Rhode Island   10
Alaska        6            Indiana            2            Nebraska          4           South Carolina  3
Arizona       2           Iowa                 5            Nevada             3           South Dakota   6
Arkansas     3           Kansas             2           New Hampshire 3           Tennessee        3
California    3           Kentucky          2           New Jersey         6           Texas               2
Colorado     3           Louisiana         1            New Mexico       4           Utah                3
Connecticut  2          Maine              6            New York           3           Vermont          3
Delaware     2           Maryland         3            North Carolina    3           Virginia           5
D.C.             3          Massachusetts  3           North Dakota      6           Washington     3
Florida        4           Michigan          3            Ohio                   2           West Virginia   2
Georgia       4           Minnesota        6           Oklahoma           2           Wisconsin        6
Hawaii         2           Mississippi      3            Oregon               6           Wyoming          4
Idaho          3           Missouri           5            Pennsylvania      2