The statute of limitation on diminished value claims in Florida is 4 years, and Florida does not have uninsured motorist coverage for diminished value. You can't submit a Florida diminished value claim if you were the at-fault party in an accident, or if the damage was caused by something other than a collision.
Compensation for Diminished Value in a Florida Car Accident Claim It's required by law, and buying the best coverage you can afford will also help you get
(5) When the insurance policy provides for the adjustment and settlement of first- party motor vehicle total losses on the basis of actual cash value or replacement
If your vehicle gets damaged in a car accident in Florida, your vehicle's diminished value is a genuine loss. If the other driver is at fault for the crash, you can make a claim to their insurance company to pay you for the difference in your vehicle's inherent value before and after the accident.
Under the Florida statutes, a vehicle owner can pursue a claim for diminution from the negligent party who caused the accident, typically by filing directly with their insurance company. To make a diminished value car insurance claim, however, you must provide clear proof of the diminution and its dollar value.
Florida diminished value laws are meant to protect the consumer – and the insurance companies won't help. Here's what you need to know to
Call Dan Newlin Injury Attorneys for questions about a diminished car value You can call Newlin Law to assist you with your diminished value claim Florida or
Diminished value is part of the Florida Standard Civil Jury Instructions. Diminished value case law in Florida is based primarily on two
Diminished Value Claims in Florida: The “Dirty Carfax” loss of dealing with the ramifications of unsatisfied customer returns, bad reviews, law suits and the like.
Florida law recognizes claims for diminished value of motor vehicles. measure of damages pursuant to the case law is the value of the vehicle immediately.