If your vehicle has been in an accident, its market value may decrease significantly, even after repairs. Filing a diminished value claim can help you recover this financial loss. Understanding the process and Florida’s unique requirements is essential for securing fair compensation. Auto Value Professionals provides the expertise and guidance you need to navigate this process successfully.
Auto Value Professionals took the burden off my shoulders and negotiated a MAJOR diminished value settlement of $14,620 for my Tesla Model X. Nick kept me informed throughout the process and he was always available to answer questions.
What is a Diminished Value Claim?
A diminished value claim seeks to recover the loss in your vehicle’s market value caused by an accident. Even with high-quality repairs, vehicles with an accident history are often less desirable to buyers, resulting in reduced resale value. In Florida, not-at-fault drivers have the right to file a diminished value claim against the at-fault driver’s insurance.
Steps to File a Diminished Value Claim in Florida
Document the Accident:
- Obtain a copy of the police report.
- Take clear photos of the damage before and after repairs.
- Keep detailed repair invoices and receipts.
Get a Professional Appraisal:
- Schedule an appraisal with Auto Value Professionals to assess your vehicle’s pre- and post-accident value.
- A professional appraisal provides credible evidence to support your claim.
Notify the At-Fault Driver’s Insurance:
- Contact the at-fault driver’s insurer to initiate the claim process.
- Provide all necessary documentation, including the appraisal report and repair invoices.
Negotiate the Claim:
- Be prepared for the insurer to offer a lower settlement.
- Use your professional appraisal and supporting documentation to justify your claim.
Consider Legal Action if Necessary:
- If negotiations fail, consult with an attorney experienced in diminished value claims.
- Auto Value Professionals can provide expert testimony and detailed reports for legal proceedings.
Florida’s Unique Requirements
Statute of Limitations
Florida drivers have four years from the date of the accident to file a diminished value claim.
Proof of Loss
Florida law requires claimants to provide clear evidence of diminished value, making professional appraisals essential.
No-Fault Insurance
While Florida is a no-fault state, diminished value claims apply to the at-fault driver’s insurance.
Why Many Drivers Miss Out
A study by the Insurance Research Council found that only 45% of accident victims are aware of their right to file a diminished value claim. Without proper guidance and documentation, drivers risk losing thousands of dollars in potential compensation.
Securing Fair Compensation for Florida Drivers
From Miami to Jacksonville, Tampa to Orlando, Auto Value Professionals proudly supports drivers statewide. Our localized expertise ensures your claim reflects Florida’s unique market and legal conditions, giving you the best chance of success.
Why Choose Auto Value Professionals?
Auto Value Professionals is dedicated to helping Florida drivers recover their vehicle’s true value after an accident. We offer:
- Certified Appraisers Extensive experience in calculating diminished value.
- Comprehensive Reports Detailed documentation tailored to Florida’s legal and insurance requirements.
- No Fees Until You Win Risk-free services for diminished value claims.
Contact Auto Value Professionals Today
Don’t let diminished value go uncompensated. Contact Auto Value Professionals today to schedule an appraisal and learn more about filing a diminished value claim in Florida. Protect your investment and secure the compensation you deserve.