How to Make a Diminished Value Car Insurance Claim

Diminished Value Claim – Get Your Money Back  

After an accident, one of the first things everyone thinks is “how much is this going to cost me to repair?” Unfortunately, the repair is not the only cost. The market value of your vehicle will also suffer a loss. Having the at faults driver’s insurance cover the cost of repairing your vehicle is great, but after the repair, your vehicle is worth less than it was immediately prior to the accident. Your vehicle has lost its value due to the accident. After the repair, your vehicle looks the same, but it is no longer worth the same.  

Requirements for a Diminished Value Claim:  

  1. You must own or finance the vehicle (No leases). 
  2. The accident was NOT your fault. 
  3. Your car is less than 10 years old.  

How to make a diminished value car insurance claim?  

If you think you qualify for a diminished value claim, Lost Value Law, P.A. is here to help. One of the first things our firm will check is your Carfax vehicle history report. Carfax documents damage, maintenance, and ownership history of vehicles by their VIN number. Both buyers and sellers use Carfax reports to determine a vehicle’s value. For example, a vehicle with a clean Carfax report, with no accidents, and with consistent and timely maintenance, is often more desirable to a buyer than the exact same make and model vehicle with an accident. You may be entitled to collect the diminished value from the at fault driver. We can help you get the diminished value of your car back in your pocket.  

Lost Value Law, P.A. is here to help you handle Diminished Value car insurance claims. Our goal is to recover money that you are owed. We handle Diminished Value claims on a contingency fee basis. We do not charge the client for fees or costs unless we recovery. If you need assistance or would like a free consultation regarding a diminished value car claim, please call James M. Rosenberg, Esq. today at our office at (954) 860-0079

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