How Do I Claim Diminished Value in Florida?
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 be claimed by the at-fault driver.
How Do I Claim Diminished Value in Florida?
These are the steps you will need to follow to get compensated for the diminished value of your vehicle.
Contact the At-Fault Driver’s Insurance Company and Ask About Making a Diminished Value Claim
Some drivers will have adequate coverage to compensate for a diminished value claim, some will not. Diminished value claims are paid through the at-fault party property damage coverage. If they do not, you can attempt to sue the negligent driver directly. Unfortunately, there is no way to force the driver to pay, even with a judgment.
Note Your Car’s Original Value
You must know the starting value to find out how much value was lost. That amount is then compared to the appraised value following repairs, and the difference in value is the diminished value.
Get a Certified Appraisal Done on the Vehicle
This step is required and if you have trouble scheduling an appointment, Casas Law can connect you with a certified appraiser. A qualified appraiser with experience calculating diminished value after a collision accident in Florida will help maximize your claim amount.
Contact Casas Law to Discuss Your Diminished Value Claim in Florida
When you need a Florida diminished value lawyer, you need Casas Law. We provide free case consultation and represent clients on payment. You can get high-quality legal advice and representation without a high price tag when you contact West Palm Beach’s experienced diminished value lawyers. If you still have questions, Casas Law has answers.
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