Panel Reverses Judgment As Damages For Diminution Of Value Are Recoverable

Panel Reverses Judgment As Damages For Diminution Of Value Are Recoverable

ATLANTA - The 11th Circuit U.S. Court Appeals on Aug. 2 reversed an entry of summary judgment entered in favor of an insurer based on the Georgia Supreme Court's finding that whether damages for diminution of value to an insured are recoverable under its insurance policy depends on the specific language of the contract itself and can be resolved through application of the general rules of contract construction (Royal Capital Development LLC v. Maryland Casualty Co.  No. 10-15716, 11th Cir.; 2012 U.S. App. LEXIS 16020).

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