Diminishing Value Claim in Florida

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If 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.

florida family lawyer

Wendy Doyle-Palumbo, Esq.

Serving Pasco County, Hernando County & Citrus County, Florida

Wendy Doyle-Palumbo is a Pasco County Personal Injury Trial Lawyer representing victims who have been injured by the negligence of another. Representing those who have been personally injured in Pasco, Hernando, and Citrus County, Florida. Compassionate, aggressive, and experienced personal injury attorney fighting for your rights to compensation under Florida Law.