How Can I Receive Compensation if My Vehicle is Worth Less After an Accident?

Did you know that approximately 55% of consumers will not buy a car that has been in an accident? Additionally, surveys show that 81% of car shoppers will not purchase a vehicle that has been in a wreck unless they receive a sizeable discount.

Even the most comprehensive repairs cannot hide the fact that your vehicle was in an accident. With multiple websites available to consumers or car dealerships that show precisely what and why repairs were made, the fact that your car was in a wreck will never go away. Unfortunately, a car that has been in an accident and consequently repaired loses value! If you are getting your vehicle repaired because of an auto accident, call BOCA Law today to discuss filing a Diminished Value (DV) claim in Florida.

Diminished value or (DV) is an estimate of the amount of value lost by a vehicle that has been involved in an auto accident and then repaired. Many accidents leave damage so severe that the vehicle can never be sold as a “certified used car,” which reduces the sale price by as much as 40%. If your vehicle has diminished value, you should know that you could receive money from the insurance company of the person who is at fault in the accident to balance your financial loss. Even if your insurance company has already paid to repair your car, you may be entitled to more.

If you want to know if you have a valid Diminished Value claim, contact BOCA Law toll-free at 855-262-2529. By answering a few key questions, our legal experts will be able to determine if you have a legitimate claim. Even though many insurance companies will tell you that you do not have the right to pursue a claim, they are incorrect, and we will be aggressive in our pursuit of your case.

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