Florida Automobile Diminished Value Claims

Florida Automobile Accidents

Florida Lawyer Help for Property Damage Claims

If you own a luxury automobile or an exotic sports car and you were involved in an automobile accident in Florida, you should seek the immediate assistance of a Florida lawyer to help with your damages claim.  Unknown to most people, you have a right to recover not only your repair and property damages but also damages for the diminished value of your  motor vehicle because of the accident.  Diminished value for luxury automobiles or sports cars is the difference in value of the vehicle now that it has an accident on its record compared to a similar vehicle that has no accident record.  It is undisputed that a purchaser or an autodealer will give you less money for your car if it has been involved in any accident.  An automobile accident, no matter how small, will attach a negative stigma to your automobile making it worth less than it was before the accident even when it is fully repaired.  As to luxury automobiles or with exotic sports car, this diminished value can be quite large and should not be ignored.  A person causing an car accident is liable for all damages as a result of that accident including the diminished value of your automobile.  Settling your claim against the other driver and  his or her insurance company without making a claim for diminished value will in most cases act as a waiver of your rights. 

If you should need help with a Florida car accident, property damages, or diminished value claim, please feel free to contact Russell Law and Florida lawyer, Patrick Russell, Esq., who can assist you with your Florida insurance claim needs.  We can be reached at 305.373.3826.  Please be sure to inquire as to our experience, qualifications and our level of service and how it can help you.

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