Diminished Value Claims in Illinois

Illinois Diminished Value Law

Illinois allows third-party diminished value claims against the at-fault driver's liability insurance. With a 5-year statute of limitations for property damage — one of the longest in the nation — Illinois residents have ample time to pursue DV claims, though filing sooner is always recommended while evidence is fresh.

How to File a DV Claim in Illinois

1. Complete all vehicle repairs
2. Get a certified DV appraisal from an ASCAA-certified Illinois appraiser
3. Submit your claim to the at-fault driver's liability insurer
4. Negotiate with the adjuster using your certified appraisal
5. Pursue through small claims court ($10,000 limit) or civil litigation if necessary

Illinois DV Claim Details

• Claim Type: Third-party against at-fault driver's liability
• Statute of Limitations: 5 years for property damage
• Comparative Fault: Modified comparative negligence (50% bar)
• Chicagoland Market: The Chicago metro area, including Naperville, Aurora, and Schaumburg, generates significant DV claim volume