Florida Diminished Value Law

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diminished value floridaIf you are a driver in Florida, it is likely that you have looked into your insurance coverage before to make sure you have great coverage.

Making sure that you can get the best coverage that you can reasonably afford will ensure you have enough coverage to manage your medical bills, property damage, and more if you’re involved in an accident.

There are however some accidents where a number of these expenses may not be covered.

When driving a brand-new vehicle, for example, you’ll experience a massive amount of depreciation on the value of that vehicle if it’s involved in an accident.

A diminished value claim could help you collect some of the difference between the original value of your vehicle and the price that you could receive for it after the accident.

How to Receive Compensation in Diminished Value Claims

Under Florida law, you will be able to recover some of the difference between the pre-crash value of your vehicle and the cost of repairs from your insurer. Working with a car accident attorney can make sure your diminished value claims can be properly handled for compensation.

Lost value in one of these claims can depend on several factors such as the time limit for the car accident of four years for establishing the claim, the appraisal of your car value, who was at fault and the evidence indicates.

Getting the ideal help for your Florida diminishing value claim can make sure that you inspect the vehicles properly, review any repaired documents, get proper letters drafted to your insurance companies, and more.

Working with an attorney will also ensure that you have a proper advocate for your needs in the case. Having a personal injury attorney in your corner will make sure that you have your rights fought for when working with an insurance company or entering into a legal battle.

If you feel like you are not getting the compensation you deserve after an accident, contact us today and we can evaluate your car accident case to determine if you would be a good candidate for diminishing value claims in Florida.

For any other questions about personal injury under Florida law, reach out to our team and we’ll provide the answer as soon as possible.

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If you need any help, please contact us right away for a free consultation.

Call : 727-233-2134



Wendy Doyle-Palumbo, Esq.

Serving Pasco, Hernando, and Citrus Counties, Florida

I’m Wendy – a personal injury lawyer proudly helping victims in Pasco, Hernando, and Citrus counties earn justice for their suffering due to the negligence of another person or entity. I’ve been fighting cases under Florida law since 2004 with a dedication to earning the biggest payouts for clients.

Over the years, I’ve earned a reputation for two things: I don’t take shortcuts and I don’t mince words. I look at each case from every angle imaginable and develop a plan to reach

the best possible outcome. When you work with me, you’re guaranteed a compassionate, aggressive, and relentless fight to win your case.