Diminished Value Claims Experts
Get fair compensation for your vehicle's value loss.
Your Florida Diminished Value Claim Experts
If you’ve been in a car accident in Florida, securing fair compensation for your losses can be challenging. Many overlook recoverable damages, such as the diminished value of a damaged vehicle. At Diminished Claims Law, our experienced Florida diminished value claim lawyers help you understand and recover these damages.
Our attorneys handle diminished value claims, property damage recoveries, and injury cases across Florida. Contact us today for a free case evaluation to discuss your car accident claim.
What Is Diminished Value in a Florida Car Accident?
After a collision, a car’s resale value drops, even with expert repairs. A vehicle with an accident history is worth less than an identical one without. Florida law allows victims to hold the at-fault driver responsible for this loss—known as diminished value—calculated as the difference between the car’s pre-accident and post-repair market value.
Under Florida Statutes § 626.9743, insurance companies must pay third-party diminished value claims when their policyholder causes a crash. They cannot push victims to file with their own insurer to avoid liability. This is key in Florida’s no-fault system, where injury claims require meeting a statutory threshold, but property damage claims, including diminished value, do not.
We’re here when you need us, offering flexible appointments, including evenings and weekends.
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How Can Diminished Claims Law Help with Your Diminished Value Claim?
Navigating insurance claims after a crash can be overwhelming. At Diminished Claims Law, we simplify the process, guiding you through your options and building a strong case based on Florida law. Our team has in-depth knowledge of car insurance laws for both injuries and property damage, including diminished value.
When you work with us, we will:
- Investigate the accident thoroughly
- File and manage your claim
- Collect and present evidence to prove fault and liability
- Document property damage and injuries
- Communicate with insurance companies on your behalf
- Negotiate for maximum compensation
- Handle every detail of your case from start to finish
We understand critical deadlines and how to document your vehicle’s pre- and post-accident value accurately.
As a contingency fee law firm, we charge no upfront costs or hourly fees. You only pay if we win your case.
As a full-service firm, we’re equipped to meet a wide range of legal needs with expertise and care.
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How Is Diminished Value Calculated?
Calculating diminished value involves comparing:
- The vehicle’s market value before the crash
- Its potential sale price after repairs
Key factors include:
- Age and condition: Newer or well-maintained cars typically have higher value.
- Mileage: Low-mileage vehicles are worth more.
- Accident history: Prior collisions may complicate claims.
- Special features: Upgrades, antique status, or show-car quality can increase value.
Unique vehicles, like classic cars, may hold or gain value over time, unlike standard models. Insurance companies may resist claims by citing prior accidents to argue the car’s value was already reduced. If your insurer undervalues your vehicle or denies your claim, we can help.
Let us review your case for free to explore your options.
We’re here to guide you with compassion and professionalism.
When Should You Hire a Lawyer for a Diminished Value Claim?
Insurance companies can make the claims process difficult. You may benefit from hiring Diminished Claims Law if:
- The insurer offers an unfair settlement
- Your claim is denied without a valid reason
- The company delays or obstructs your claim
- You face other signs of non-cooperation
We often represent clients from day one, managing the entire process to reduce stress and maximize recovery.
As a full-service firm, we’re ready to address your legal needs with skill and dedication.
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What Other Damages Can You Recover in a Florida Car Accident?
Florida’s no-fault system requires most injured victims to file injury claims through their own personal injury protection (PIP) coverage for medical bills and lost wages. Only serious or permanent injuries, as defined by law, qualify for fault-based injury claims against the at-fault driver.
Property damage claims, however, are different. You can pursue the at-fault driver immediately for:
- Vehicle repairs
- Diminished value
- Other related costs
Contact Diminished Claims Law for a Free Consultation
At Diminished Claims Law, we offer free case reviews to crash victims across Florida. Whether you’ve suffered property damage or injuries, our team is here to help.
Reach out by phone or our online form to schedule your free consultation. We look forward to assisting with your legal needs.
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