How Long Does It Take to See a Payout From a Loss of Value Claim in Florida?
Florida Loss of Value Claims
When you file a claim for loss of value in Florida, insurance companies can have as much time as is needed to investigate the claim, provided that the decision is made within a reasonable amount of time. What is considered reasonable? That is open for interpretation typically, but in Florida, a reasonable amount of time is 30 days. However, an insurance company that takes an excessive amount of time to decide a claim can be liable for unlawful deceptive trade practices. Once the claim has been decided, the insurance company must provide a reason when choosing to deny the claim.Compensation For Car's Diminished Value
Once an insurance company has approved your diminished value claim, your attorney will negotiate the terms of a settlement with the insurance company. Upon reaching a settlement, the insurance company then has 20 days to issue payment. Failure to provide payment within 20 days will result in the insurance company being liable for an additional payment of 12% interest. It may not seem like much, but it adds up quickly. If you settle your claim for a certain amount, being late makes the insurance company owe you additional money. Make sure that the insurance company knows that you mean business Contact Casas Law in West Palm Beach and schedule your free consultation today. Our attorneys have years of experience negotiating with insurance companies on behalf of our clients and won't back down or be intimidated by them. At Casas Law, we are waiting to answer all your diminished value questions.
I’d recommend him to anyone!
I was recommended to Alex Casas by my father and I am absolutely ecstatic with how simple and easy he made my auto collision injury case for me he handled everything to where all I had to do was show up and sign on the line! I’d recommend him to anyone!
They are very professional and friendly and go above and beyond the call of duty.
I am very pleased with the assistance from Casas Law P.A and will recommend this firm to anyone and everyone that needs help. They are very professional and friendly and go above and beyond the call of duty. Thank you so much for all your help.
If you are looking for a great law firm and I really mean and great firm this is the place to go!
Alex Casas Law firm is a great. Every time I came in contact with Mr. Casas and his staff they were always professional and friendly. My whole process was a great experience. They always return calls in a timely manner. The staff goes above and beyond what is needed. They kept me informed during the whole process. If you are looking for a great law firm and I really mean and great firm this is the place to go!!!!
They were able to direct me with medical care questions, and advocate on my behalf with insurance companies.
Alex and his team were my rock after I was hit by a car while riding my bike. They were able to direct me with medical care questions, advocate on my behalf with insurance companies, and really listen on days where I had pain and was completely frustrated with my insurance company and their lack of response. Highly recommend!!!!
Alex Casas is by far the most present and engaged attorney with whom I have had the pleasure of working.
Alex Casas is by far the most present and engaged attorney with whom I have had the pleasure of working. The staff is caring and pleasant. The response time is extremely fast. And he is good at winning! Thank you for all you have done for us over the years! I highly recommend Casas Law!
