After a collision, the resale value of your vehicle decreases even after repairing the damage. Buyers will not pay the same price for a vehicle that has been in an accident as one that hasn’t. Luckily, Florida law allows you to recover compensation for this diminished value of your car.
A Boca Raton diminished value claim lawyer from Ged Lawyers can help you value and recover these damages as a part of your auto accident claims. If you suffered serious injuries or property damages, an auto accident lawyer from our team is here for you. We offer free initial case consultations for crash victims.
What Does Florida Law Say About a Boca Raton Diminished Value Claim?
Florida law allows diminished value claims as a part of property damage recovery after a crash per Florida Statutes § 626.9743. Those involved in a crash can seek and recover money for damages, including:
- Repair or replacement of their crashed vehicle
- Diminished value of their repaired vehicle
- Rental car coverage while their vehicle is repaired
This law also forces insurance companies to pay these damages to crash victims via a claim when the evidence shows their policyholder is at fault. This prevents the insurance carrier from inappropriately denying the claim or telling the claimant they must file and recover through their own collision coverage.
If the claimant opts to file through their own collision coverage, their insurer will likely document that the other driver caused the crash and seek to recover the money they paid for repairs and the diminished value of the vehicle. They pursue a payout from the at-fault driver’s insurer through a process known as subrogation.
Call on Ged Lawyers to Help You Recover the Diminished Value of Your Car
Ged Lawyers’ Boca Raton team is ready to review your case and go to work for you today. Our attorneys handle car accident claims and lawsuits daily. We file personal injury lawsuits for clients with serious injuries from traffic accidents and secure the payout they need and deserve.
These payouts cover their future care costs and pain and suffering, among other losses. We also know how to file property damage claims and secure fair diminished value for your damaged car or truck.
Our case results include a long history of recovering money for clients who suffered property damage and serious injuries in Boca Raton car accidents. Our lawyers fight for the recovery our clients deserve, including money for the diminished value of their vehicles. Let us review your case today and determine how we can help with your claim.
Determining the Diminished Value of Your Car After a Boca Raton Crash
To determine a diminished value for your car, you must know how much it was worth immediately before the collision and how much someone might be willing to pay for it after the accident and repairs.
To determine these prices, you would simply subtract the latter from the former to find how much the value decreased because of the damage and repairs. Of course, finding these values is not always easy. Many factors could affect its previous and current value in addition to the crash.
To accurately value the vehicle, you should work with an auto accident attorney or consider the following:
- The vehicle’s age and condition before the crash
- Whether repairs are made in full
- The car’s mileage and upkeep
- Its history of previous accidents
- Upgrades made to the vehicle
- Whether there are other factors affecting its value, such as a rare or classic make or model
If you work with a Boca Raton diminished value claim lawyer from our team, we will manage this process for you. We will calculate the value of these damages and seek that money alongside your other recoverable damages.
When Do You Need Ged Lawyers to Handle Your Boca Raton Diminished Value Claim?
When filing a diminished value claim, some crash victims run into issues holding the at-fault driver accountable and recovering the compensation they deserve based on the case facts. We encourage you to call our team if this happens to you. We help clients who face issues with the at-fault driver’s insurance company, including:
- Refusing to pay a fair payout based on the car’s diminished value
- Refusing to accept the responsibility on behalf of their policyholder
- Denying the claim without a valid reason or without offering an explanation
- Dragging their feet and purposely delaying the claim
- Refusing to cooperate with your claim
What If You Suffered Injuries in Your Boca Raton Auto Accident?
Florida recognizes no-fault auto insurance laws for injuries. The individual’s personal injury protection (PIP) policy should pay for some medical care and lost income related to car accident injuries when they are minor or moderate. If they meet the state’s serious injury threshold, they can file a fault-based case and hold the at-fault driver accountable.
Let our team assess your options based on the severity of your injuries. We may pursue injury compensation in addition to your property damage and diminished value claims. We go to work on these cases with no upfront costs for you. We may be able to recover money for your:
- Medical bills, current and future
- Care and support costs
- Income losses
- Reduced earning capacity
- Related expenses
- Pain and suffering damages
Discuss Your Boca Raton Car Accident Case With Our Team for Free
At Ged Lawyers, we provide free initial consultations for crash victims in Boca Raton. This includes those who have serious injuries and property damage to their vehicle. We also handle diminished value claims.
Contact us via telephone or use our online contact form to connect with our team today. We have someone available now to discuss your auto accident and legal options for free.