Diminished Value Auto Claim Florida How a Diminished Value Claim Florida Attorney Helps You Recover Money
If you’ve been in a car accident, filing a diminished value auto claim Florida drivers rely on can help you recover the loss in your vehicle’s market value. Even after high-quality repairs, your car may be worth less simply because it has an accident history. Insurance companies often avoid paying this difference unless you take the right legal steps and that’s where experienced legal representation makes a difference. What Is a Diminished Value Claim? A diminished value claim allows you to seek compensation for the reduced resale value of your vehicle after an accident caused by another driver. Even if repairs restore the vehicle to its original condition, the accident record can lower its market price. There are three types of diminished value: Immediate Diminished Value – The difference in resale value immediately after the accident. Inherent Diminished Value – Loss in value simply because the vehicle has an accident history. Repair-Related Diminished Value – Loss due to incomplete...