Vehicle Diminished Value Claims

Vehicle Diminished Value Claims

Sloan Curtis Automotive Group has been helping clients with diminished value claims since 2012. We have over 30 year’s experience handling diminished value claims. You can count on us to use our knowledge of the auto industry, vehicle appraisals, and insurance companies to help you get the diminished value owed to you.

FYI: INSURANCE COMPANIES DON’T WANT YOU TO KNOW YOUR RIGHT TO RECOVER DIMINISHED VALUE!

Diminished Value (DV) is the loss in market value that occurs when a vehicle is wrecked and repaired. A reasonable consumer will not pay the same price for a wrecked, then repaired vehicle, as they will for a vehicle with no accident history. Even if the repairs were done well, the vehicle will still lose value. Most vehicles suffer a 15% to 25% or more loss in market value. That’s even after being repaired.

In Florida, Florida law permits owners to recover for diminished value from the at-fault party’s insurance policy following an accident. You have (4) years, from the date of accident, to file a diminished value claim.

What to do if you are in an auto accident?

First, make sure you and your passengers are ok or need medical assistance. Call police. If possible, take 360 high-quality photos of the damage to your vehicle, the scene of the accident, and insurance cards and ID. Take photos that show entire vehicle in a single frame, close up photos of damages, unibody-frame damage, undercarriage, interior, VIN number, and mileage on odometer.

Save ALL receipts for towing, storage, body shop, rental car.

If your vehicle fits within these parameters, we can help you.

Diminished Value Checklist:

- Vehicle 4 years or newer

- Mileage less than 80K miles

- First accident ever

- Not a leased vehicle

Contact us to discuss your possible diminished value claim with our intake specialist at (407) 766-0400.

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