Consumers

Cars in fender bender

How a Diminished Value Claim Attorney Can Help Florida Consumers

If you have ever been in a car accident and you owned your car then you may have had a diminished value claim and not even known about it.  Let us help you get your money back.  It's easy and there is absolutely no cost to you unless we recover money for you.  This offer is risk free and we guarantee it.  What are you waiting for?

Anybody that owns a car that was built in the past few years that was damaged in a car accident, but not totaled may be entitled to money to pay for inherent diminished value from the person or company that caused the accident.  In cases where a luxury car is involved we can make a claim even if the car is more than a few years old.  We have successfully handled cases involving European luxury cars eight years old with no history of prior damage. In the case of an exotic sports car like a Ferrari, Porsche, Lamborghini, Maserati, Tesla, Bugatti, Saleen, Mercedes Benz, BMW, Jaguar, Alfa Romeo, Audi, Lotus, Rolls Royce, McLaren, Bentley or Aston Martin that suffers extensive damage the recovery can exceed $50,000 up to $500,000.

You Can Make a Diminished Value Claim After An Accident that Wasn’t Your Fault

We are sometimes asked what if you are partly at fault?  A diminished value claim can only be made in Florida if the other driver caused the accident, so if you are 100 percent at fault for the car crash then you usually cannot make this type of claim.  This is called a first party claim. 

There are situations, however, where both drivers can be at fault, in which case you are entitled to recover for diminution in value based upon the percentage of fault of the other driver.  This concept is known as comparative fault.  For example, if your claim is worth $7,000 and the other driver is 50 percent at fault then you are entitled to recover $3,500.

Some people think that diminished value claims can only be made if the car looks damaged after a repair, but this is not the case.  When the other driver is at fault even if the car is repaired perfectly we can often get the owner of the car more money for diminished value because their car is worth less after the accident. Many insurance company’s direct body shops to repair cars using aftermarket parts called “crash parts” rather than original equipment manufacturer (OEM) parts.  These aftermarket parts are inferior and reduce the cars value.

The proof is that when the car owner goes to sell the vehicle a buyer will likely run a Carfax report and the offer will be lower because of diminished value.  Also, this only works for cars that are owned (even if there is a car payment), but not leased cars unless we are making a claim on behalf of the leasing company.

The Statute of Limitations is Four Years – Do You Have a Diminished Value Claim?

Think about what you could do with the extra money that you recover through a diminished value claim. The extra funds could allow you to make a down payment on a new car, take a vacation, pay off credit card debt or buy a loved one or yourself something special. 

Don't worry if your car accident was a couple of years ago. You may still be able to make a diminished value claim.  We can make a claim for diminution in value for people as long as it has been less than four years since the date of the accident because the Florida Statute of limitations allows someone who was injured up to four years to sue for a claim for negligence under Florida Statute section 95.11.

Even if your car has been sold after it was repaired then we can often times make a diminished value claim as long as we can gather the final vehicle repair estimate, photographs of the vehicle damage and a copy of the police report for the accident. 

Let Us File Your Diminished Value Claim

If any of you or anybody else that you know are in this situation we would be glad to help out.  There is no money required up front and we only get paid if there is a recovery.  Take the first step and give one of our diminished value claims attorneys a call. You can also fill out our contact form to get your claim started today.

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