When another party causes an accident and damages your car, they can be held responsible for covering your post-accident expenses and losses, including the costs of repairing or replacing your car. Repairing your car, though, may not necessarily fully reimburse you, so you could obtain compensation for its decrease in resale value. This process can be complex, but our Sarasota diminished value claim lawyer can step in.
At Ged Lawyers, we fight hard for all the financial recovery you are entitled to receive. We know how difficult it can be to sell a car that was involved in a crash versus one that was not. Our results-driven team will assign an accurate and detailed value to your case and work hard to achieve its best possible outcome.
Filing a Diminished Value Claim After a Car Accident in Sarasota
When our Sarasota car accident lawyer accepts your case, we start by proving the at-fault driver’s financial liability. From there, we can assess the value of your case and file an insurance claim or negotiate a settlement.
If you own a newer or higher-end car, a diminished value claim can be especially important. According to Insurance Information Institute (III) research, buyers are unwilling to pay the same price for a repaired car, even if the repairs were accurate, professional, and high-quality. Our law firm can take on the insurer and strive to recover the damages you need and deserve.
How Our Car Accident Attorney Proves the Diminished Value of Your Car
If you decide to sell your car in the future, it will not command the same value it would have before the accident. This gap in your car’s worth is its diminished value. The difference is based on your vehicle’s:
- Make and model
- Age and condition
- Aftermarket features
- Accumulated mileage
To support your diminished value claim, we can obtain photos of your car before and after the accident and acquire the records and receipts from the facility where your car was repaired. Our team may also consult expert appraisers and vehicle value guides like Kelley Blue Book and NADA to fight for fair compensation for you.
Diminished Vehicle Value Is Only One Form of Compensation You Can Recover
The diminished value of your car is a type of economic damage, as we can substantiate it with receipts and estimates. Additional economic damages we may include in your case may be your past, present, and future medical bills and lost income.
You can also recover non-economic damages. At Ged Lawyers, our case assessment team may collect tangible evidence of their value and demand compensation for:
- Physical disability
- Disfiguring injuries
- Pain and suffering
- Mental anguish
- Emotional distress
- Loss of enjoyment of life
We will not tax you or your family with evidence collection. Along with evidence that proves the cause of your accident, we can gather evidence that proves the individual and collective value of your losses.
You Could Have Only Two Years to Recover Damages After a Car Accident
When you seek compensation after an accident, you have a limited amount of time to file your lawsuit. Even if your case is headed for a settlement (most are resolved this way), you must still file your lawsuit on time. In general, you have two years from the date of the accident to comply with the personal injury statute of limitations, according to Florida Statutes § 95.11.
According to III statistics, the state of Florida has a large number of uninsured motorists. As of 2019, more than 20% of its registered drivers do not carry the required insurance. This is important when your car is severely damaged because the uninsured motorist (UM) portion of your own insurance will allow you to recover the diminished value of your car even if the other driver cannot be identified.
UM coverage can also extend the statute of limitations on your potential lawsuit, giving you additional time to request compensation.
GED Lawyers Is Committed to Outstanding Client Service and Support
Getting the diminished value of your car right and documenting its current and pre-accident value can be a complicated process. Our legal team will handle it for you and determine the value of this portion of your lawsuit.
When we handle your case, we also:
- Handle all case-related communication
- Provide regular updates on your case
- Address your questions and concerns
- Help you find the best car repair shop
- Draft and file your insurance claim
- Consult accident and vehicle experts
The negotiation process after a car accident can be arduous. We handle this task for you, too, collecting documents that prove the monetary value of your recovery.
Reviews and Recommendations From Our Satisfied Clients
When satisfied clients talk about our commitment to outstanding client support, they leave testimonials like these on our reviews page:
- Michael Marineau: I wanted to share my gratitude for GED Lawyers and their entire staff…From my call from the accident scene to receiving a check there was always…a direct line of communication…That’s how it’s supposed to be in a personal injury case. Forever grateful.
- Cathy Maldonado: I want [to] thank Maria Colon and her amazing team for all their support, time and help that they’ve done for me. Highly recommend them.
Leave the hard work to us. Our client-focused team works hard to take the stress out of the financial recovery process.
Call 24/7 for Your Free Sarasota Diminished Value Case Review
If you were involved in a car accident and your car was seriously damaged, its resale value could be greatly diminished. The at-fault driver could be compelled to compensate you for its lowered worth.
Contact GED Lawyers to learn more about how our Sarasota diminished value claim lawyer can work to demand appropriate compensation for you.