The Collision Law Center
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After an accident in Florida, the insurance company will inspect your car and will determine what the cost of repairs would be. If it costs more to fix the car than what it is worth, then they will declare the car a total loss. When this happens, instead of paying to fix the car, the insurance company […]

The strength of a diminished value claim in Florida depends on many factors. One very important factor is whether or not your car sustained any frame (or structural damage) in the accident. Frame damage is more serious than minor, cosmetic damage because it involves the actual structure of the vehicle. Usually, frame damage occurs when […]

Our law office is frequently asked the following question, “Is my diminished value claim in Florida worth pursuing?” In the State of Florida, there is no specific rule or formula for determining diminished value. Many factors must be considered and these factors must be weighed in order to determine whether or not it is feasible […]

collision law center, diminished value, insurance news

Two main types of diminished value claims exist: 1) Inherent diminished value: As the name implies, an inherent loss of value is the value the vehicle loses simply because it has been involved in an accident. The vehicle loses value by the mere fact that it now carries an accident history that will probably be […]