Diminished Value

Understanding Florida Diminished Value Law: Filing the Right Claim
November 10, 2024
Getting into a car accident is stressful enough, but many people don’t realize that their car may lose value even after it’s repaired. This loss in value is known as "diminished value." In Florida, you might be able to get compensated for this loss if the accident wasn’t your fault. Understanding the Florida Diminished Value Law

What Information Do I Need to File a Diminished Value Claim in Florida?
October 01, 2024
When your car gets involved in an accident, its value often decreases even after repairs. This reduction in value is known as diminished value, and it can significantly impact the resale value of your vehicle. Filing a diminished value claim can help you recover this lost value. In this comprehensive guide, we will walk you through...

What is a Diminished Value Claim? 3 Things You Should Know
September 30, 2024
Accidents happen. Whether it’s a minor fender bender or a more severe collision, your car’s value can take a significant hit. This depreciation is where the concept of a diminished value claim comes into play. But what is a diminished value claim? Understanding this term and its implications can help you recoup losses. In this blog...

Claiming Diminished Value in Florida: What You Need to Know
February 20, 2023
If you or someone close to you has been in an accident that was caused by a negligent or careless driver, getting fully compensated for your damages may include compensation for the reduced or diminished value of your vehicle. Let’s take a look at claiming diminished value in Florida.
No-Fault State
Florida is a “no-fault state,”...

When Do You Need to Declare Damages Following a Car Accident
November 18, 2022
If you or your loved one has suffered damages due to an accident with a negligent driver you may be wondering when you need to declare damages following a car accident. Here we will take a look at the statute of limitations in the state of Florida for declaring damages after a car accident.
Reporting a Car Accident

Rear Ended Over the Holidays? File A Diminished Value Claim
November 14, 2022
If you have been rear-ended over the holidays due to the negligence of another driver you could be entitled to compensation for the reduced market value of your vehicle. This type of compensation is known as diminished value compensation, and it is intended to compensate for the value that your vehicle lost as a direct result of...

5 Frequently Asked Questions About Diminished Value Claims
March 22, 2022
If you are confused about diminished value and how to determine if you are able to make a claim, we have answered 6 frequently asked questions about diminished value claims. This article aims to clarify diminished value claims and answer common questions, but it is not a substitute for consulting an experienced Florida diminished value attorney.
1. What...

How Can a Lawyer Help Me When Filing a Diminished Value Claim in Florida?
March 18, 2022
The rules for filing for diminished value after a Florida accident can be complicated. The best way to get properly compensated by the negligent driver’s insurance company is to speak with a lawyer with experience handling diminished value claims in Florida.
How a Lawyer Makes Filing Diminished Value in...

How Do I Claim Diminished Value in Florida?
March 15, 2022
The steps for filing a diminished value claim in Florida are different from filing an accident claim. After the collision, vehicle repairs may be paid for by your insurance company, which will recover the amount from the at-fault driver’s insurance company. The diminished value claim will only be compensated by the at-fault driver’s insurance company and cannot...

5 Things That Factor into Calculating a Loss of Value Claim
March 11, 2022
If you have been in a Florida car accident caused by another driver’s negligent actions, you want to recover all of the compensation you are owed. The diminished value of your vehicle is the difference between the value of the vehicle before the accident and the value of it after repairs.
5 Things That Factor into Calculating Diminished...