Diminished value insurance claims allow car owners to recover the difference between a car's pre-accident value and its value after repairs. In the state of Florida, you can file a diminished value claim when you're not at fault for an accident. Diminished value claims help you recoup some of your car's value, money that you cannot make when you resell it, due to its collision history.
How to Get Paid for Your Vehicle's Diminished Value in Delray Beach
A car that has been in an accident is worth less solely because it has been damaged even if the car gets repaired. This is because when given a choice, a prospective buyer will pay less for the damaged vehicle than for an identical vehicle that has not been damaged in an accident. Diminished value claims allow vehicle owners to recover this loss of value through the at-fault owner's insurance carrier. The measure of damages to the owner is the cost of repair and any reduction in the value to the vehicle. Additionally, a vehicle owner can recover money for loss of use. Loss of use is the inconvenience a person experiences due to not having a car. Loss of use is measured by the amount of money required to rent a similar vehicle.
Do I Need a Car Accident Lawyer for Diminished Value Claims in South Florida?
Oftentimes, diminished value is something some insurance companies may not include as compensation. Sometimes, you have to ask the insurance company for diminished value payments. If you ask, the insurance adjuster may be low-balling you on the amount. If this is the case, it's best to get the Diminished Value Claims Lawyers at Bottari & Doyle involved. We have years of experience negotiating with insurance companies, and we can try to recover what you are rightfully owed.
How to Get Paid for Loss of Use after a Car Accident in Delray Beach
Additionally, a vehicle owner can recover money for loss of use. Loss of use is the inconvenience a person experiences due to not having a car. Loss of use is measured by the amount of money required to rent a similar vehicle. In some cases, the insurance company may give you an allowance for Uber or Lyft if you choose not to rent a vehicle.
Get a Free Case Evaluation from Delray Beach Car Accident Lawyers
If we take your South Florida car accident case, we will evaluate whether you may have a diminished value claim, and we will negotiate with the insurance company to try to get them to pay for all the damages you are potentially due by law. Don't wait – the statute of limitations to bring a diminished value claim is three years. If your car has been damaged due to the negligence of another, contact the Delray Beach car accident attorneys at Bottari & Doyle at 561-588-2781 for a free consultation.