Practice Area Florida Diminished Value Claims

Car accidents cause many different types of damages, some of which are more apparent than others.  Damage to the vehicles involved is usually fairly obvious; injuries to drivers and passengers may or may not be readily apparent.  In addition to the damage caused to vehicles and their occupants, there is another type of damage that many people are not aware of… the diminishment (loss) of the value of the vehicles involved.

The diminishment in value can be minimal or significant, depending on the type of car involved.  For owners of luxury cars, the loss is often large enough to make filing a claim for compensation worthwhile.  Do you own a luxury vehicle in Florida that has been involved in a car accident that was the fault of someone else?  If so, you may qualify to make a claim for the diminished value of your luxury automobile.

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Filing a Diminished Value Claim In Florida

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Do you have a luxury vehicle in Florida that has been involved in a car accident that was someone else’s fault? If so, you may qualify to make a claim for the diminished value of your luxury car.

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A diminished value claim simply stated, is a claim for the loss of value that your car suffered because it was in an accident.  Everyone knows that despite all damage being repaired, a car that has been in an accident is worth less than it was immediately before the accident. 

With the advent of CarFax and similar services, potential buyers are fully informed of damages and resulting repairs made to a car.  A diminished value claim allows a vehicle owner to make a claim against the insurance of the at-fault party for the loss in market value due to the accident.

Who can file a diminished value claim?

While anyone whose car was damaged by another’s negligence can technically file a diminished value claim against the at-fault party’s insurance, these claims are usually filed only by owners of high-value luxury cars.  

Who cannot file a diminished value claim?

You cannot file a diminished value claim if you were at fault for the accident, if you do not have the name and insurance information of the at-fault party or if you wait longer than the statute of limitations allows (currently four years in Florida).

Does it cost money up-front to file a claim?

Diminished value claims are taken by Casas Law, P.A. on a contingency basis, meaning that there are no up-front fees or costs when your claim is filed.  Our fees and costs are paid only when we win your claim.  

Who can help me with my diminished value claim?

To see if you qualify to file a diminished value claim, contact the experienced diminished value claim attorneys at Casas Law, P.A.  During your free, no-obligation appointment, we will determine if you are eligible to file this type of claim and explain to you how the entire claim process works.

 

Florida Diminished Value Claim FAQ's

Casas Law’s team knows that what you need now is answers. Start here:

  • Q

    Can you sue for diminished value?

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    A

    Yes

  • Q

    Does Florida recognize diminished value?

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    A

    Yes

  • Q

    What is a diminished value appraisal?

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    A

    This is when a professional auto appraiser examines a vehicle after crash damage repairs have been made. That appraiser then prepares a report outlining what the market value of the vehicle should be vs. the value of the vehicle post-crash repair.

  • Q

    Is a diminished value claim worth it?

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    A

    Yes, though it makes the most sense on vehicles with a higher value

  • Q

    When should I present my diminished value claim?

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    A

    This should be presented after the crash repairs have been completed.

  • Q

    How can you prove diminished value in a car insurance claim?

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    A

    By completing an appraiser report. If brought to trial, the appraiser will utilize his research to demonstrate the diminished value.

  • Q

    How long does it take to settle a diminished value claim?

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    A

    Anywhere from 30-90 days if the insurance company is willing to enter into a settlement. If they are not, a suit is filed which can take up to 12 months to go to trial or settle.

  • Q

    Do I need a car accident lawyer to recover my diminished value?

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    A

    No, however, your claim will likely resolve faster and for a greater amount by retaining counsel.

  • Q

    How does a Florida car accident lawyer help?

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    A

    Attorneys handle all aspects of the claim reducing time spent and increasing the value of the recovery for the vehicle owner.

  • Q

    Can you claim diminished value twice?

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    A

    The technical answer is yes, however, there is a low likelihood of any recovery for a subsequent claim.

  • Q

    Who is responsible for paying your diminished value claim?

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    A

    The at-fault party is responsible and typically their insurance company will represent them as part of their property damage coverage.

  • Q

    Will my vehicle's age and mileage affect my diminished value claim?

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    A

    Yes, the diminished value is based on the market value at the time damage which is impacted by age and mileage. Classic cars are subject to a different valuation at times.

WHAT OUR CLIENTS ARE SAYING

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In my entire life, I’ve never had a better experience.

May I add, pleasantly surprised in how smooth the process went and in a shorter time period than I expected. All in all, I couldn’t be happier! I recommend Nick Sarta to EVERYONE!! There is no one better in the field. No one.

Kim Shamoun

I wouldn’t have went to any other law firm, thank you guys so much!

Dalila and her team worked with me every day to make sure everything went smoothly and I understood what was going on!

Lilyanis Orama

I highly recommend Casas Law- they truly are the best in the business!

From start to finish, they were professional, knowledgeable, and dedicated to achieving the best possible outcome for my case.

Ana Cuartas

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!

Dylan Lower

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!!!!

Jeff hopkins

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.

Jeff Pickett

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!!!!

Kelly Givens
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Casa Law firm has been the best decision I made all year working the firm and their team was the most professional and transparent experience I ever had with a law firm they made me feel like family and worked diligently to obtain every dollar tht my case was worth Nick Sarta is one of the best Lawyers in the country and a great person all around
Darrell Alexander
Darrell Alexander
13:49 02 Oct 23
I was and am very grateful for what Casas Law was able to do for me. They guided me through a process I didn't fully understand. They kept me informed at every step of the process. They made sure my needs were met. And were able to make me whole again in a very reasonable time. I would, I will, I have recommended them to family and friends. I hope I never need their services again. But if I do, they will definitely be the ones I call. Thank you, Alex Casas for your support when I needed it the most.
Ivan Cortes
Ivan Cortes
14:44 01 Oct 23
Sometimes life takes an unexpected turn, and you find yourself grappling with the aftermath of a serious injury, After my accident I called Nick before becoming his client and he offered me valuable advise that protected me and helped me navigate the aftermath of a horrific accident on I-95. When it became apparent that I needed other legal experts that works in the areas of workers compensation and traffic court he referred me to excellent lawyers in those areas and I was able to navigate those issues.That’s why when I got into a second car accident, I immediately called him. You will need someone who can advocate for you and make sure that at the end of the day you are taken care of both from a medical perspective by referring you to excellent doctors and financially by making sure that you leave with some money in your pocket and are able to handle your medical bills.Nick was always reachable to me and my family even after-hours and during weekends. He took the time to listen to my concerns and many questions even when they fell outside the scope of the case. He has even helped me with things that fell outside the case like trying to seek property damage, when the insurance company was stalling and late on sending a check for car repair.If you're looking for an injury lawyer who will go above and beyond for you, look no further than Casa Law. They are without a doubt, the best in the business. I am forever grateful for their services and now I can look forward to life, after this case has closed.
Modelbashir
Modelbashir
14:15 29 Sep 23
Exceptional!! The complexity of this case intiially appeared to be cut and dry. Boy was I wrong. Nicks instincts and taking action disclosed a significant amount of damage was not reflected in the initial settlement.After his investigation a final settlement was reached and the amount I received for my pain and suffering was fair! I am happy to provide Nick the highest of reviews Eceptional!!
Richard DeLopez
Richard DeLopez
17:12 28 Sep 23
Casas Law is a very professional law firm. My case was a bit complicated and the staff as well as Mr. Casas did everything possible for the best outcome for me. They are patient, kind, attentive and thorough.
Linda Manners
Linda Manners
14:06 27 Sep 23
Alex and the staff at Casas law firm are a wonderful group of people to work with. They are polite and always return calls in a timely manner. They kept me informed and up to date as the case progressed. When my husband had difficulty getting in a car to go to their office he came to us instead! We highly recommend him to anyone who needs help.
Louise Miller
Louise Miller
14:15 26 Sep 23
I have been in two major car accidents in the past 13 years (one I should not have walked away from) and I would not trust anymore more then attorney Alex Casas. I am beyond thankful for his help to make sure my health and wellness was taken care of due to someone else's negligence. Praying to never be in the situations I have been in again nor anyone else but if something was to happen he would always be the first call I make. To this day (3 years after my second) he (Alex Casas) still checks in on me to make sure I am doing alright.This truly becomes like family in the hardest times.Thank you! ❤️
Jacqueline Keene
Jacqueline Keene
00:39 22 Sep 23
Great attorney! He was so honest and upfront about the possibilities on what could happen. he has a great network, Definitely would use again,
Onsight Auto Detailing Src
Onsight Auto Detailing Src
23:05 21 Sep 23
Casas Law is the very best. I got hit by a car while riding my bicycle. I don't know what I would have done without Alex and the team.I had a ton of medical bills that and I was really in no condition to deal with anything. I had a ton of problems physically and also was pretty mentally down from the accident. Luckily, all I had to focus on was my recovery. They took care of the rest.I was always able to speak to Alex and the entire team was extremely professional and very very responsive. Not at all what we have become accustomed to these days.I also got a very nice settlement. Don't get me wrong, I would not get hit by a car again for any amount of money but getting a healthy settlement doesn't hurt!!! :)I highly recommend them and hope I never need them again, but if I do, I surely know where to go.THANKS CASAS LAW!
Jack Rosen
Jack Rosen
22:14 21 Sep 23
In my entire life, I’ve never had a better experience. Nick Sarta is my attorney. The man is a genius. That aside, he is kind and considerate, honest, ame understanding. He guided me in the right direction, every step of the way. He explained every step and kept me involved in every decision. I never once felt out of the loop. He made sure I understood every single part of the process and if I didn’t, he was patient, took his time to make sure I understood, before we proceeded. He kept me calm, the entire process. He impressed me beyond measure. The ultimate professional, in every sense of the word.May I add, pleasantly surprised in how smooth the process went and in a shorter time period than I expected. All in all, I couldn’t be happier! I recommend Nick Sarta to EVERYONE!! There is no one better in the field. No one.Best,Kim Shamoun Tzivas
KIM SHAMOUN
KIM SHAMOUN
21:32 13 Sep 23
I wanted to first thank and commend the whole Casa Law team for their constant effort and dedication throughout duration of my legal case. The whole team was very professional, knowledgeable and attentive to my every legal question and need. Nick and Alex was with me every step of the way in my time of need, whether to get me to see specific doctors whom would fix me properly or just to help me get through my daily struggles.The whole group communicated with me every step of the way to give me as much comfort as possible and assured me that everything would turn out ok and I would end up with not only physical resolution but a better piece of mind for what I had went through.They are an outstanding team and for someone like me who had never gone through anything like this before in my life they always made me feel like I was their number one priority.
James Price
James Price
21:44 16 Aug 23
It’s been a long year working on my case ! But Dalila and her team worked with me every day to make sure everything went smoothly and I understood what was going on ! I wouldn’t have went to any other law firm thank you guys so much !
Lilyanis orama
Lilyanis orama
17:05 13 Jul 23
Nick and his team are the best! They genuinely care about their clients and fight for what’s right. I thank God for such wonderful people who do an outstanding job.
Carltonice Morgan
Carltonice Morgan
02:22 27 Apr 23
The Casas Law Team is the firm that anyone who was injured in an accident needs to represent them in the West Palm Beach area. Their professional manner and overhaul attitude to their clients were outstanding. I was very happy with the outcome of my case as this Team took the time to guide and educate me throughout the legal process.
Millicent Holness
Millicent Holness
15:55 18 Apr 23
"I recently had the pleasure of working with the team at Casas Law and I cannot recommend them highly enough. From start to finish, they were professional, knowledgeable, and dedicated to achieving the best possible outcome for my case. Their attention to detail and commitment to keeping me informed every step of the way made me feel confident and secure throughout the entire process. Above all, their friendly and approachable demeanor made working with them a pleasure. If you are in need of legal services, I highly recommend Casas Law- they truly are the best in the business!"
Ana Cuartas
Ana Cuartas
22:43 14 Apr 23
Tuve una excelente esperiencia con Alex y su equipo en Casas Law. Me ayudaron y apoyaron en todos los pasos de mi procesos despues de mi accidente, respondieron mis dudas y estaban siempre dispuestos a contestar mis llamadas y darme toda la informacion necesaria. Estoy muy satisfecho con los resultados de mi caso y recomiendo a Alex y sus abogados un 100%
tiki tiki
tiki tiki
15:27 14 Feb 23
From the beginning to the end, Casas and his team has always been very responsive, caring and professional. They met my standards and more! They were always available to answer any of my questions and were very communicative with my case. Amazing team and I recommend them to anyone!
Liliana Alvarez
Liliana Alvarez
17:25 09 Feb 23
We have been working with the Casas team for over two years. Their professionalism and empathy for their clients is second to none. If you are looking for a personal injury attorney in West Palm Beach Fl you wont find a more caring team and one that will get you results.
Bill Teubner
Bill Teubner
20:56 02 Feb 23
I would highly recommend the Casas Law team to anyone struggling with an injury after an accident. Their team was generous with their time and helped educate me through the steps before we won my case. I am more than happy with the outcome of my injury case and would recommend them to anyone in the West Palm Beach area. Nice and friendly front office and sharp lawyers. Thank you for all your work.
adam hamden
adam hamden
15:17 30 Jan 23
Exelentes abogados Dios les Bendiga grande mente
raul Sánchez
raul Sánchez
21:14 15 Nov 22
Nicohlas Sarta outstanding attention made personal call for each step of the process. Caring and knowledgeable staff with experience.
Nicolas Flores
Nicolas Flores
15:20 11 Nov 22
Attorney Casas and his staff are the best! They were very responsive and thoughtful throughout the whole case. Thanks to their hard work and dedication, we were able to win! Do not hesitate to hire Attorney Casas for your legal matters.
Danery “Dany” C
Danery “Dany” C
02:02 06 Oct 22
Nick Sarta is the most reliable, honest, and caring attorney I have ever dealt with. He and the rest of the firm were great to me and helped me recover the maximum on my case!
Rosana Quaresma De Moura
Rosana Quaresma De Moura
20:42 21 Sep 22
Alex Casas and his team provided the best service and results I could have ever expected. I would highly recommend him for your legal needs. I was always able to speak to him directly when needed. He goes above and beyond!
Lis Patterson
Lis Patterson
15:43 14 Sep 22
i have come to alex on several unfortunate accidents and always made me feel like top priority. very accessible and attentive team answering any doubt or question that comes to mind that brings a sense of comfort in troublesome times. Always appreciate the work they've done for me
Dario Santiago
Dario Santiago
18:48 23 Aug 22
Would definitely recommend they got back with me within 24 hours for my calls nice swift handling of the case thank you
Angela Casarella
Angela Casarella
00:38 10 Aug 22
From the beginning Alex explain the whole process and the possibilities we had. Since this was my first experience needing a personal injury attorney, I was nervous about the whole process. Alex took the time to explain everything from a to z. The whole experience was super easy, they were always accessible and they kept me informed. Although I hope I will never need a personal injury attorney again, should there be a need, I will surely choose Alex and his team.
Lynnette Penalbert
Lynnette Penalbert
21:09 09 Aug 22
I had a extremely positive experience from start to finish with Alex and his team. Alex was always available and responsive to my questions and concerns. He assisted me with Medical and Insurance matters. Alex is a friend and a very capable attorney. If I could give 10 Stars, I surely would. Thank you Casas Law.
Beth Keller
Beth Keller
15:21 20 Jul 22
Excellent and trustful Attorney!
Kervin Moya
Kervin Moya
17:52 19 Jul 22
I never thought I would need a personal injury attorney, but sometimes life happens. I heard many stories about what people have gone through after being injured and I was quite nervous about the process. I was referred to Alejandro (Alex) Casas by a friend. Throughout the process Alex was very professional, compassionate, explained things very clearly and took the time to listen to me. His office staff was always there to answer questions. I never had to wait long for an answer about anything. Casas Law did not try to micromanage my choice in health care providers, but did have a lot of knowledge about local providers if I needed recommendations. A friend of mine was coerced into seeing certain practitioners for care by her attorney. That did not happen to me. The thing about Alex that impressed me most was that he was very straightforward, approachable and honest. Alex knew the right strategy to settle my case and I am happy with the results. It sure made it easier to recover knowing I was a being represented by competent professional team that was looking out for my best interest. I highly recommend Casas Law.
Denise H
Denise H
18:12 15 Jul 22
My family and I are very thankful to Alex and his team for litigating our case against a business owner whose employee committed negligence. We are very thankful and very pleased with the outcome of our case. Thank you!
Olga Hernandez
Olga Hernandez
20:36 12 Jul 22
From the beginning of the process of my accident, Alex Casas and his firm, have been nothing but professional and the most helpful attorney any client could possibly be searching for!! I would highly recommend their services without any hesitations.
Alfredo Amador
Alfredo Amador
07:11 10 Apr 22
Alex is the most compassionate lawyer providing quality legal representation with his clients best interests at heart. I highly recommend him for all types and levels of legal work.
Steve Bialakis
Steve Bialakis
20:33 30 Mar 22
If you want a good lawyer and a reliable one and trusting one casas law it's the one to go to very trustworthy and makes you feel comfortable and doesn't beat around the bush.
Xavier Rodriguez
Xavier Rodriguez
00:50 17 Mar 22
Not often do you come across a Personal Injury Attorney that has received 5 Stars from every reviewer. You must meet Alejandro (Alex) Casas to truly understand where the five stars come from. His attention to detail, his care and concern for his clients, his love for his community, his knowledge of the law and just as important, his honesty. He speaks the truth always!! Due to being bilingual, he's helped the Hispanic Community in more ways than one. Alex is the real deal!! Eduardo Gruvman
Eduardo Gruvman
Eduardo Gruvman
20:29 17 Feb 22
Alex and his team are well versed in personal injury law. They are open, honest, and always put the client first.
Tom Shea
Tom Shea
20:37 11 Aug 21
Alex Casas and his team knew just the right approach for my suit and handled it with tact and care. Alex is one of the nicest lawyers I've met - no ego-- no pontificating -- no showing us how important he was. Alex got right down to business, with a smile on his face, and completed our claim quickly, achieving the results we wanted. Thank you, Alex, Susie and Staff.
Jann Seal
Jann Seal
16:16 06 Jul 21
"A steady, reassuring and calming voice when you need it most." Alex Casas and his team are great. My situation was very complicated since I was dealing with a number of insurance companies and multiple hospital bills! The team at Casas Law worked with all the various factors and made everything seamless as well as keeping me informed the whole way. I would not have known how to maneuver the insurance waters so I was very glad that Alex was there for me. I would highly recommend Casas Law, Alex, Susie and the whole team.
Bob Going
Bob Going
14:39 08 Jun 21
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!
Dylan Lower
Dylan Lower
17:02 05 Feb 21
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.
Jeff Pickett
Jeff Pickett
16:46 10 Nov 20
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!
Meroe Rabieifar
Meroe Rabieifar
17:55 18 Sep 20
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!!!!
Kelly Givens
Kelly Givens
14:47 18 Sep 20
Alex and his staff were very helpful very personable and attentive to my every question I highly recommend them and I am very happy with my service but I got from them.
joseph Olivier
joseph Olivier
00:08 16 Sep 20
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!!!!
Archie hopkins
Archie hopkins
18:18 28 Jul 20
Alex is a gentleman. He is kind, professional, attentive, and extremely competent. His staff is wonderful and I have no hesitation in recommendingThe office to anyone.
Helen Berg
Helen Berg
19:13 10 Jun 20
Alex always takes the time to communicate all the information about my case, until I fully understand all the details. I am extremely happy with his law firm.Andre
andre guionnaud
andre guionnaud
02:19 09 Jun 20
Alex Casas was both professional & friendly. I felt comfortable that I was going to get a good out come with Mr. Casas working for me. He kept me informed through the entire process, with a very good ending. I would use him again.
Larry Brixner
Larry Brixner
16:52 08 Jun 20
Extremly Professional and on point!
Rick Hackeman
Rick Hackeman
16:13 08 Jun 20
Alex Casas was referred to me by a friend who spoke highly of him and his work. As I met with him I quickly realized my friend was right. He was knowledgeable, personable, truthful and had my family's best interest. His compassion and patience before, during, and after my case sets him and his staff apart from other law offices. Those qualities are hard to come by. When you hire him you will find for yourself.
scott poritz
scott poritz
21:30 12 Jun 19
I was referred to Alex after being hit by a car while riding my bike. His help and guidance through a very difficult time has been a gift. I was hurt, scared, and lost as to what I needed to do. Alex was a light in a time of confusion and injury. Do not hesitate to reach out to him when you need assistance. He and his team will be there and you will be their priority.
Kelly Ann
Kelly Ann
20:14 10 Sep 18
confiabilidad y experiencia
Rolando Casas
Rolando Casas
21:03 09 Sep 18
Alex took the time needed with my family and we received the compensation we wanted! A++++
Johnny H. Meier
Johnny H. Meier
04:14 08 Sep 18
Alex is very helpful when it comes to complex issues involving someone that has been wrongfully injured by the negligence of another person or business. Thank you Alex for always being available to answer questions.
Chris Shelby
Chris Shelby
14:13 05 Sep 18
Alex is a great attorney. He is honest and caring. He treats you like family which was extremely important to me.
Bridget Ortiz
Bridget Ortiz
15:07 04 Sep 18
Alex is a wonderful attorney with great experience and work ethic. I knew that my case was in very capable hands. He did not let me down and I would strongly recommend him!
Alina Maria Margiotta
Alina Maria Margiotta
01:53 01 Sep 18
What a great lawyer and even better man. It is very comforting to know that no matter what time you call for Alex you know your call will be answered by him not some associate. He knows what he is doing and will get the job done. I would highly recommend Alex.
Renee Cicchitti
Renee Cicchitti
23:19 30 Aug 18
Alex was very hands on and knowledgeable about our case. Was able to get us fair and more compensation for the accident than expected. Thank you for being there!
johnny meier
johnny meier
15:44 24 Aug 18
Alex Casas and his firm are a great resource to individuals who have been hurt or injured by no fault of their own. He will give you honest and clear advice and direction if you have a personal injury.
Ryan Smollar
Ryan Smollar
15:28 20 Aug 18
Sabrina A
Sabrina A
13:19 20 Aug 18
Alex has helped me and my family with some major issues. He is great to work with because you are dealing directly with the attorney, not someone else. He is honest and truthful. I would refer anyone to him should the need arise for his specialty !!
Mark Elie
Mark Elie
21:12 17 Aug 18
Alex Casas is one of the finest lawyers and finest people I know. He fights for his clients. Always trying to do what is best for them. If you need a lawyer, hire Alex.
Sean Domnick
Sean Domnick
19:42 17 Aug 18
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