Diminished Value Lawyer in Florida

A diminished value lawyer in Florida can do more than just help you recoup the lost value of your vehicle. Our goal is to get you the maximum amount of compensation possible after a car accident. This could mean pursuing multiple types of damages based on the specifics of your case.

Possible damages after a Florida car accident include:

• Medical expenses
• Disability accommodations
• Lost wages and earning potential
• Wrongful death
• Damage to property and diminished property value
• Lost use of property

It’s essential that you understand your rights after a car accident. Work with a diminished value claim lawyer in Florida, and don’t settle for anything less than what you are rightfully owed.

The second your vehicle is in an accident, it loses a significant amount of value—usually 10% to 50% of its market value pre-accident.

This is a concept known as diminished value or diminution, and the intent of filing a diminished value auto claim in Florida is to make up for your market value losses. Because if an accident wasn’t your fault, why should you suffer the economic setback of devalued property?

In order to successfully file diminished value claims in Florida, you need to be able to prove three things:

1. The accident was caused by the negligence or intentional wrong-doing of another individual;
2. The at-fault party has auto insurance;
3. Your car underwent proper repairs.

A Florida diminished value lawyer may be able to file your claim and ensure you receive most or all of the compensation you are eligible for. Factors that impact how much you can receive for diminished value claims in Florida include the make, model, and year of your vehicle, the condition of your vehicle before the accident, and the quality of the repair job. Also taken into consideration is any previous vehicle damage history and the exact amount of value that was lost.

To calculate the diminished value of your car, a Florida diminished value claim lawyer will subtract the fair market value of your vehicle after repairs from its market value immediately before the accident occurred. This tells us the precise amount of value you lost as a result of the other party’s negligent actions.

It can be tricky to prove diminished value claims – and to get compensation for them through insurance companies. To increase your chances of a favorable outcome, you need a diminished value lawyer in Florida by your side who understands the complexities of these types of cases and can help you navigate the various hoops that an insurance company might require you to jump through.

Hold on to as much evidence as possible to prove the diminished value of your vehicle, including:

• High-quality images showing the damage(s) to your vehicle
• All receipts related to towing, storage, and repairs of your vehicle after the accident
• The original purchasing paperwork for your vehicle

From there, a Florida diminished value claim lawyer may come up with an estimate of what you may be owed and file a claim with the insurance provider of the at-fault party.

Have you already been denied a diminished value claim by the insurance company? You’re not necessarily out of luck.

Our experience in auto accident claims means that we may be able to get you compensation even if you were previously denied. We’ll always do our best as your Florida legal team to get you exactly what you’re owed. This includes ensuring that all applicable laws are being followed and all means of getting compensation are fully explored.