Policy Excluded Diminution In Value Coverage, California Panel Holds

(May 1, 2018, 1:03 PM EDT) -- LOS ANGELES — After finding that an insurance policy excluded coverage for diminution of value and that an insurer had the authority under the insurance contract to repair a damaged vehicle, rather than replace it, a California appeals panel on April 27 affirmed a trial court’s decision dismissing an insured’s claims for breach of contract and violation of California’s unfair competition law (UCL) (Margaret Carol Foster v. Interinsurance Exchange of the Automobile Club, No. B278723, Calif. App., 2nd Dist., Div. 1, 2018 Cal. App. Unpub. LEXIS 2873)....

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