Summary: North Dakota Diminished Value Claim Laws

• Statute of Limitations: 6YRS
• Third Party Diminished Value Claim: Yes
• First Party Diminished Value Claim: No
• North Dakota Property Damage Minimum Limits: $25,000
• Uninsured Motorist Coverage for Diminished Value: No
• Underinsured Motorist Coverage for Diminished Value: No
• North Dakota Small Claims Court Limit: Yes

North Dakota Diminished Value Claim Laws Explained

N.D.C.C. § 32-03-09.1.

Section 32-03-09.1, N.D.C.C., states:

When a property is not related to a contract, its damages are usually measured by the reasonable repair cost needed to bring the property back to its condition before the damage took place. The reasonable value of not being able to use it during repairs is also charged. However, if the repairs are impossible in a fixed time frame, the damages are measured by the difference between the property’s market price immediately before and after its is damaged. In this situation, too, the reasonable cost of not being able to use it until the replacement of the property is charged.

Property restoration is considered worthless when the repair costs plus the value of not using the property during repair exceed the market value of your property plus the value of not being able to use it while waiting for a replacement.

Diminished Value Claiming Made Easy

We are ADR-Claims, a team of professional appraisers. We can help you navigate the complexities of a diminished value claim in North Dakota and receive a fair settlement. Our other services include total loss value appraisal, repair dispute handling, fleet, heavy equipment, and commercial appraisals, total loss threshold, etc.