04RS HB206


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HB 206 (BR 943) - J. Draud

     AN ACT relating to automobile insurance policy claims for diminution in value.
     Create a new section of Subtitle 20 of KRS Chapter 304 to provide that diminution in value shall be an element of property damage under an automobile insurance policy for both first party and third party claimants; provide that if a release or full payment of claim is executed by the claimant, involving a repair to a motor vehicle, it shall not bar the right of claimant to promptly assert a claim for diminution in value if the diminution was directly caused by the accident and the diminished value could not be determined or known until after the repair or attempted repair of the motor vehicle.

     Jan 7-introduced in House
     Jan 8-to Banking and Insurance (H)
     Jan 27-posted in committee

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