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12 Conn. Ins. L.J. 39 (2005-2006)
Diminished Value in Automobile Insurance: The Controversy and Its Lessons

handle is hein.journals/conilj12 and id is 43 raw text is: DIMINISHED VALUE IN AUTOMOBILE INSURANCE: THE CONTROVERSY AND ITS LESSONS Thomas 0. Farrish* TABLE OF CONTENTS INTRODUCTION ........................................................................... 40 I. THE DIMINISHED VALUE COVERAGE CONTROVERSY ...... 42 A. THE AUTOMOBILE INSURANCE POLICY-ITS PROVISIONS AND PRINCIPLES OF CONSTRUCTION ................................... 42 B. THE DIMINISHED VALUE CASES ......................................... 47 1. Early Cases .................................................................... 47 2. Recent Cases .................................................................. 49 a. The claim that diminished value is unambiguously covered .......................................... 50 b. The claim that the policy is ambiguous about coverage for diminished value ............................... 52 c. The claim that diminished value is consistent with the reasonable expectation of the insured ........... 57 C. ANALYSIS AND RECOMMENDATION ..................................... 59 II. DOES THE DIMINISHED VALUE CONTROVERSY HAVE ANYTHING TO TEACH US ABOUT INSURABILITY? .......... 63 A. CONCEPTIONS OF INSURABILITY ......................................... 64 1. The Conventional Conception ....................................... 64 2. The Changing Conception .............................................. 67 B. DIMINISHED VALUE AND INSURABILITY .............................. 69 CONCLUSION ............................................................................... 75 * Associate attorney, Day, Berry & Howard LLP, Hartford, Connecticut. B.A., University of Connecticut, 1999; J.D., University of Connecticut, 2005. The opinions expressed in this article are not necessarily the opinions of Day, Berry & Howard LLP or its clients.

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