In Florida, the at-fault party in a car accident must pay the other driver for the damage to their vehicle. If you strike another vehicle and cause $10,000 in damage, either you or your insurance company must pay the owner of that vehicle the $10,000 to fix it. This legal principle is clear and uncontroversial.
Florida has another law that many drivers are not aware of and that insurance companies often fail to recognize. This law deals with the diminished value of a car after a crash. Vehicles involved in a wreck suffer a hit to value that is rarely recovered, even after the physical damage from the accident is repaired.
If you are in an accident, you deserve compensation not only for the cost of repairing the damage to your vehicle, but also for the estimated loss of your vehicle’s value due to the crash. Chances are, though, that the insurance company will not include this amount in its settlement offer. This is where a diminished value property damage car accident claims lawyer in Miami, FL, can help.
An attorney from the Law Offices of Anidjar & Levine can help you make a diminished value car insurance claim. We will negotiate with the insurance company on your behalf and make sure you get the full damages you deserve, including compensation for the diminished value of your vehicle.
To schedule a free case evaluation with a member of our legal team, call the Law Offices of Anidjar & Levine today at 1-800-747-3733.
What Is a Diminished Value Claim in a Car Accident?
Imagine you are ready to buy a new car and you take your current vehicle to the dealership to trade it in. Another prospective buyer brings in a car just like yours—the same make, model, mileage, year, color, and condition—with only one difference. When the dealer pulls a vehicle report on both cars, it shows that yours was in an accident and the other was not. Even though your vehicle was fully repaired after the crash and it shows no lingering effects from it, the dealer could offer you several thousand dollars less for your trade than they offer the other customer.
Unfortunately, wrecked cars have a stigma attached to them, even ones repaired to a like-new condition. Because most used car buyers ask for a vehicle condition report on any car they are thinking of purchasing, dealers know they cannot sell previously wrecked cars for the same price as similar vehicles with clean histories. Because fewer buyers want vehicles that have been in a collision, they command a lower value in the marketplace. Dealers offer less for these vehicles on trade-ins to maintain profit margins. The person who gets the short end of the stick is you, the owner of the car in an accident.
For this reason, car accident victims can request compensation from the insurance company for their car’s diminished value. We have helped numerous clients in Miami file diminished value claims to recover the loss of their vehicle’s worth. We know how to handle tough negotiations with insurance companies and see to it that our clients never settle for a suboptimal settlement that pays less than they deserve. We fight for every dollar possible.
What to Do If an Insurance Company Offers You a Quick Settlement After a Crash
If the insurance company calls you after your accident to offer a settlement, do not accept it before you talk to us. It can be tempting to take the first settlement offer, particularly if the insurance company promises to mail a check right away. Because medical bills and repair bills are never cheap, a fast settlement seems to offer some major benefits.
However, the insurance company offer is unlikely to cover all of the damages you deserve. One payment almost never included in an initial settlement offer is compensation for the diminished value of your vehicle. To receive this money, you need a strong negotiator working on your behalf. You need an attorney from the Law Offices of Anidjar & Levine.
The Law Offices of Anidjar & Levine Can Help You Recover the Lost Value of Your Car After a Crash in Miami.
Our Miami car accident lawyers can help you recover the lost value of your car from the insurance company after a collision. At your free consultation, we will evaluate your case and uncover the relevant details that will help us put together a claim.
Once we take your case, we investigate your accident and gather evidence. A significant part of this process involves dealing with diminished automotive valuation experts. These experts help us appraise your vehicle after repairs and compare this value to what your car was worth before the accident. By involving experts, we attach a measure of authority to the dollar amount we come up with for your car’s lost value.
Our legal team can also help you with personal injury and property value claims from a car accident, both of which often go hand-in-hand with diminished value claims. However, we can still handle your diminished value claim even if you did not suffer injuries in the crash.
We can often convince the insurance company to settle out of court for a fair amount that includes the diminished value of your vehicle. If we are unable to do this, our attorneys will file a lawsuit and take your case all the way to a jury trial if necessary. We fight for the rights of all of our clients so they can recover the compensation they deserve.
To Schedule a Free Consultation, Call the Law Offices of Anidjar & Levine at 1-800-747-3733 Today.
The legal team at the Law Offices of Anidjar & Levine wants to help you win the compensation you deserve. If you were in a car accident in Miami and believe your vehicle has diminished in value as a result, call us. We can help you recover this money. For a free case evaluation, call 1-800-747-3733.