Diminished Value Claims

Diminished Value Claims Lawyers

Advising Diminished Value Claims with Dedication and Compassion

Diminished Value Claims:

Diminished value claims recover the loss in value of your vehicle after it is involved in an accident. We are one of the few law firms in Florida that handle diminished value claims. 

Many people do not realize that a car may drop in market value even after your insurance has paid to fix all the damage. Potential buyers could see the history of the car, or notice the additional parts, and not want to pay expected price for it.

If your vehicle sustained damage in an accident, contact Retamar & Millian, P.A. for a free consultation. 

Filing a Diminished Value Claim

Some insurance specify whether or not they will cover diminished value claims, sometimes it’s for an additional charge. We can help you figure that out. There are multiple steps to filing a diminished value claiming making it a bit more complicated than most car accident related claims.

Here are a few steps to getting an appraisal for a diminished value claim.
  1. Consult the car’s NADA value
  2. Calculate a 10% base loss rate
  3. Apply a damage multiplier
  4. Apply a mileage multiplier
We can also help you. Contact Retamar & Millian, P.A. for a free consultation. 
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