When your car has been in an accident, proving that it has lost value — even after repairs — is the first and most critical step in a diminished value claim. Insurance companies are liable to compensate you for the reduction in your vehicle’s market value caused by the accident under Florida commercial auto insurance claims laws.
In most cases, it’s reasonable to assume your car has suffered some level of inherent diminished value simply because the accident now appears on its record. However, rare exceptions exist — for instance, when repairs actually increase the vehicle’s worth by fixing pre-existing damage or adding valuable new parts.
If you are trying to value your car in Gainesville, Florida, or anywhere in the state, it’s essential to gather accurate post-repair valuations from certified appraisers. These reports will help you determine the true market value of your vehicle compared to its pre-accident condition.
To build a strong claim, document everything. Make sure your repair receipts include every detail — what work was completed, what repairs were denied by the insurance company, and whether OEM or aftermarket parts were used. While these details don’t automatically prove diminished value, they help establish a strong foundation for your claim.
If you find that a dealership acted unfairly or misrepresented repairs, you may also need to learn how to sue a dealership in Florida. Legal action may be necessary if a dealership refuses to disclose accident history, undervalues your trade-in, or commits deceptive practices.
Once you’ve collected all the necessary documentation and valuations, compare your car’s pre- and post-accident worth. This will help determine how much value you’ve lost — a crucial step in pursuing your Florida diminished value or commercial auto insurance claim.
© LostValue Law, P.A | Contact: (888) 717-5387 | james@lostvaluelaw.com
