Can I Be Compensated for Loss of Vehicle Value After an Accident with a Commercial Vehicle?

Following an auto accident in which your vehicle has been damaged, you can’t escape the fact that your vehicle will never be worth the amount of money it was worth prior to the accident. Consumers have the ability to research your car’s vehicle history and learn about any accidents the vehicle has been involved in. When your vehicle has been in an accident and has been repaired, it has lost value!

Most insurance companies don’t want you to know that you may be entitled to recovered money for value lost even after they’ve paid for your repairs following an accident. Florida courts have held that insurance companies are responsible for a loss of value (McHale v. Farm Bureau Mutual Insurance Co.). If your vehicle is being repaired after an auto accident, call Dan Newlin Injury Attorneys today to find out how we can help recover lost value by bringing a Diminished Value (DV) claim.

What is Diminished Value?

Diminished value (DV) refers to the lost value of a vehicle that was repaired following an automobile accident. Vehicle damage can sometimes be so substantial that the car cannot be sold as a “certified used vehicle.” This can reduce the sale value dramatically.

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. The insurance company may have paid for all the repairs following an accident, but do not let them off the hook without being compensated for your vehicle’s diminished value.

How do I get a Diminished Value Appraisal?

Call Dan Newlin Injury Attorneys at 800-257-1822. Let our experts evaluate repairs made to your vehicle and receive a professional diminished value appraisal. Commercial insurance companies will tell you they are not responsible for anything beyond repairs for your damaged vehicle. THEY ARE WRONG! Some commercial vehicles are self-insured. Getting compensation when involved in an accident with a commercial vehicle is particularly difficult. Call us today! If we determine that your vehicle has Diminished Value, we will immediately pursue damages from the at-fault insurance company. Contact the best Florida truck accident Attorney, Dan Newlin, today…you deserve a fighting chance.