Robert Trautman – February 26, 2013 A reader asked whether New Jersey permits diminution in value claims for real property. The question was prompted by a recent Georgia Supreme Court opinion 1 recognizing such claims. Essentially, diminution in value claims allow property owners to recover benefits exceeding the actual costs of repair if a property’s value… Continue reading Damages Issues in New Jersey – Is Diminution of Value Available to New Jersey Property Owners?
Tag: New Jersey
New Jersey’s Bad Faith Bill Remains Pending in Senate
March 12, 2012 On January 20, 2012, the New Jersey Senate introduced S766, which provides a cause of action for bad faith – an insurance carrier’s breach of the covenant of good faith and fair dealing – in the investigation, evaluation, processing, payment or settlement of insurance claims. The bill is intended to codify certain… Continue reading New Jersey’s Bad Faith Bill Remains Pending in Senate