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 Florida
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 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
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 Florida Diminished Value Attorneys
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