After an accident, most drivers immediately worry about repair costs. However, repairing your vehicle isn’t the only financial loss you face. Even after repairs, your car may lose significant market value — this is known as diminished value.
Florida law allows drivers to file a diminished value claim to recover this lost value from the at-fault driver’s insurance. While your vehicle may look like new after repairs, buyers will often pay less for a car with a documented accident history.
Who Qualifies for a Diminished Value Claim in Florida?
To be eligible:
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You must own or finance the vehicle (leased vehicles do not qualify).
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The accident was not your fault.
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Your car is less than 10 years old.
If these conditions are met, you may be entitled to recover the difference between your vehicle’s pre-accident value and post-repair value.
How to File a Diminished Value Claim
A key step is reviewing your Carfax vehicle history report, which details your car’s VIN, accident history, and maintenance records. Vehicles with a clean Carfax report generally command higher resale value than vehicles with accident histories, even if repairs were completed perfectly.
An experienced diminished value attorney in Florida can help you navigate the claim process and ensure you receive the compensation you deserve.
Why Work with Lost Value Law, P.A.
Lost Value Law, P.A. specializes in handling diminished value claims in Florida. We work on a contingency fee basis, meaning you pay nothing unless we recover money for you.
Our goal is to put the diminished value of your car back in your pocket. For a free consultation, contact:
James M. Rosenberg, Esq.
📍 2385 NW Executive Center Dr., Suite 100, Boca Raton, FL 33431
📞 (954) 860-0079
https://lostvaluelaw.com/
If you’ve been in an accident, don’t leave money on the table — file your diminished value claim today.