FAQ's: Your Questions Answered
Auto Accident FAQs
It has been estimated that 55% of consumers would not buy a car that had been in an accident. 81% would not have a car that had been in a wreck unless they were given a large discount.
Even if your vehicle is repaired, it will never escape the fact that it was involved in an accident. With today’s technology, any consumer or car dealership can search a number of websites and discover exactly what repairs were made. Needless to say, when your vehicle has been in an accident and has been repaired, it has lost value! What most insurance companies won’t tell you is that you may be entitled to recovered money for value lost. If your vehicle is being repaired from an auto accident, call me today to find out how we can help recover lost value by bringing a Diminished Value (DV) claim. You can call Newlin Law to assist you with your diminished value claim Florida or keep reading this page for more information.
What is Diminished Value? Diminished value or (DV) refers to the lost value of a vehicle that has been involved in an auto accident and subsequently repaired. Often, damage to a vehicle can be so severe that it can never be sold as a “certified used vehicle.” This can reduce the sale value by as much as 40%. You should know that if your vehicle has suffered diminished value, you may be entitled to recover money damages from the at-fault insurance company?
What is a Diminished Value Claim? A Diminished Value claim is a claim brought against an at-fault insurance company for loss of value to a repaired vehicle. Even if an insurance company has paid to repair your vehicle fully, you may be entitled to more?
How do I find out if I have a valid Diminished Value claim? Call Dan Newlin Injury Attorneys at 800-257-1822: By answer a few simple questions, our experts will be able to determine if you have a valid Diminished Value claim. Insurance companies will tell you that you do not have the right to pursue a claim beyond repairs for your damaged vehicle. THEY ARE WRONG! Florida courts have held that insurance companies are responsible for a loss of value (McHale v. Farm Bureau Mutual Insurance Co.)
We will send one our experts out immediately to evaluate repairs made to your vehicle. If it is determined that the vehicle has Diminished Value, we will aggressively pursue damages from the at-fault insurance company. Contact me today… you deserve a fighting chance.