Diminished Value Claims 2019-05-03T07:46:16-04:00

Miami Diminished Value Claims Lawyers

At The Farber Law Firm, we work with diminished value experts who go to you to evaluate your vehicle’s loss in value in its repaired condition. We handle these cases on a contingency fee basis, meaning that we do not accept attorneys’ fees up front. We only accept a fee after you have received a check from the insurance company.

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Diminished Value

If your owned or financed vehicle was involved in an accident with an at-fault driver, the at-fault driver’s insurance should pay to repair your vehicle. However, your vehicle, if a newer model, will be worth far less than it was prior to the accident. This is called diminished value, and you are entitled to monies for this loss in addition to the repair work.

When a car sustains damages in a motor vehicle accident, the insurance company will do whatever it can to limit the amount it has to pay to the vehicle’s owner. Many people are unaware of the insurers’ responsibility to make car owners whole by compensating them for their car’s diminution in value associated with the accident. Because the car was wrecked and repaired, it has lost market value, and a potential buyer will want to pay less for the car since it now has an accident history. The loss in the vehicle’s market value is known as “diminished value,” and insurance companies routinely try to deny responsibility when owners submit a diminished value claim.

If a consumer is involved in an accident, the experienced diminished value lawyers at The Farber Law Firm may be able to help the consumer pursue a diminished value and loss of use claim against the at-fault party’s insurance company. Additionally, our firm can help auto body repair shops, car dealerships, leasing companies and other auto businesses dramatically increase their revenues by incorporating diminished value strategies into their existing business operations.

Miami Diminished Value Claims Law Blog

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If you were injured in an accident, lost a loved one to negligence, or had your insurance claim denied or underpaid, let us help you obtain the results you deserve. To learn more, please contact our Florida law firm today for your free initial consultation. We would be honored to put our experience, skill and integrity to work for you!

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