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Filing a Diminished Value Claim in Florida

If you have been in a car accident that was not your fault, you may be eligible to file a diminished value claim against the at-fault driver's insurance company. Diminished value refers to the decrease in your car's value after it has been repaired following an accident. In Florida, the law recognizes this fact and permits you to file a claim for the diminished value of your car. However, filing a diminished value claim can be complicated, and insurance companies may try to minimize the amount they pay out. That's why it's recommended to hire a lawyer who can assist you in fighting your diminished value claim.

Here Are Some Reasons Why:

  • A lawyer can help you navigate the complex legal process, explain your options, and guide you through the process.

  • A lawyer can negotiate on your behalf to ensure you receive fair compensation for the diminished value of your car.

  • A lawyer can help you collect evidence to support your claim and present it to the insurance company.


In Florida, you can file a diminished value claim if your car has been in an accident that wasn't your fault, and you have lost value as a result. However, you may not be eligible to file a diminished value claim due to certain stipulations such as against your own insurance policy in the state of Florida. Though in New Jersey for example, the legal statutes allow for you to file a diminished value claim against your own UM / UMPD insurance policy, that's only if you have your own UM / UMPD (Underinsured / Uninsured Motorists Property Damage) policy in the event the at-fault driver doesn't have a sufficient PD (property damage) policy or at the worst doesn't carry any auto insurance to collect for damages sustained after an accident. Then you have New York on the other hand who tries to turn their head and frequently attempts to devalue or outright deny an accident victim's diminished value claim.


Looking to consult with an attorney regarding a Diminished Value Claim?

Fill out our Diminished Value Form below and an attorney will be in contact with you shortly.


DIMINISHED VALUE CLAIM FORM: CLICK HERE

 

Hiring a lawyer who works on diminished value claims just about everyday and frequents in this area of the law can be a valuable aspect to your case. They can assist you in navigating the legal process, negotiating with the insurance company, and collecting evidence to support your claim. If you believe you have suffered a loss in value as a result of an accident, consult with accident and personal injury attorney Kayla Sheldrick to discuss your options.

Attorney Kayla Sheldrick has successfully recovered tens of thousands of dollars on diminished value claims against at-fault driver's insurance companies.

Diminished Value "Inherent Diminished Value". Hire a diminished value attorney to handle your matter after an accident.
Diminished Value "Inherent Diminished Value"

If you find yourself at a standstill, frustrated with the insurance company's inadequate compensation for your diminished value claim that was the result of someone else's negligence, do not hesitate to contact The Sheldrick Law Firm for a complimentary consultation regarding your diminished value claim. The Sheldrick Law Firm frequently handles diminished value cases in Florida, New Jersey, and New York. Additionally, Ms. Sheldrick has an extensive referral network beyond these three states to assist with any questions you may have about any type of automobile accident where someone has been negatively impacted due to another party's carelessness.

Ms. Sheldrick's unwavering commitment to advocating for the rights of her clients has resulted in substantial financial compensation for those who have suffered diminished value as a result of a motor vehicle accident. Her comprehensive understanding of the law and exceptional negotiation strategies enable her to efficiently navigate the complex process of filing and negotiating a diminished value claim. At The Sheldrick Law Firm, we want our clients to know that they will receive personalized attention, a thorough assessment of their case, and devoted representation to aim for maximum recovery on all angles.

If you have been involved in a car accident that has caused you to experience diminished value, attorney Kayla Sheldrick at The Sheldrick Law Firm is here to assist you. She has dedicated her practice to advocating for individuals who have been impacted by motor vehicle accidents and is determined to help you receive the compensation you deserve. Contact The Sheldrick Law Firm today at (561) 440-7775 for a complimentary consultation and allow Ms. Sheldrick to assist you in your fight for justice.

 


Here are step by step instructions for an individual to file a diminished value claim and also how to obtain a diminished value report from a licensed appraisal in the state of Florida:

Step 1: Gather Information The first step in filing a diminished value claim is to gather all the necessary information related to the accident, including the police report, repair bills, and photographs of the damage. Additionally, you should obtain the at-fault driver's insurance information.

Step 2: Determine Your Eligibility Check whether you are eligible to file a diminished value claim under Florida law. Generally, you can file a claim if you were not at fault for the accident, and your vehicle suffered a loss in value due to the accident.

Step 3: Obtain a Licensed Appraisal To file a diminished value claim, you should obtain a licensed appraisal report to determine the extent of your car's diminished value. Look for a licensed appraiser in Florida who can provide you with a comprehensive report detailing the value of your car before and after the accident.

Step 4: Submit the Claim Once you have obtained the appraisal report and gathered all the necessary information, you can submit the claim to the at-fault driver's insurance company. Be sure to include all relevant information and documentation in your claim, including the licensed appraisal report.

Step 5: Negotiate the Claim The insurance company may dispute the validity of your claim or offer you a low settlement amount. In this case, you may need to negotiate with the insurance company or seek the assistance of a lawyer who specializes in diminished value claims.

Step 6: Settlement or Legal Action If you reach a settlement with the insurance company, you will receive payment for the diminished value of your vehicle. However, if you cannot reach an agreement, you may need to pursue legal action to recover your damages.


Would you like to know more about "Diminished Value" and to find out if you are eligible to make a diminished value claim against the at-fault driver's insurance company of a Florida, New Jersey, or New York auto accident that your vehicle was involved in? Click here to get to our website's Diminished Value page.

 

DID YOUR ACCIDENT TAKE PLACE OUTSIDE OF FLORIDA?

Your accident didn't take place in any of these states?

- We still may be able to refer you to another law firm than can represent you for your diminished value claim along with loss of use depending on location and each individual state statutes.


Fill out our Diminished Value Form so that an attorney can best assess your vehicle's diminished value.





 

Any and/or all information that you read here is NEVER guaranteed nor promised that the results may or may not succeed in any form of court proceeding, financial results nor any results at all. These are steps that a person may take in attempt to file their own diminished value claim.

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