Recovering the Full Extent of Your Property Loss

When your vehicle is damaged in an accident, repairs may restore its appearance and function—but often, the vehicle’s market value still takes a hit. This hidden loss is called diminution of value, and many drivers don’t realize they can pursue compensation for it. At Collazo Law Group, we specialize in helping Florida clients recover the full financial impact of their vehicle’s loss in value—beyond just repair costs.

What Is Diminution of Value?

Diminution of value happens in two main ways:

  • Inherent Diminution: Even if repairs are perfect, your vehicle’s accident history makes it less desirable to buyers, reducing resale value.

  • Repair-Related Diminution: When repairs are subpar, visible flaws or lingering issues further lower the vehicle’s worth.

Florida law recognizes your right to claim inherent diminution of value from the at-fault driver’s insurer. This claim is separate from your repair bills and requires expert evidence to prove the loss.

How Is Diminution of Value Calculated?

A professional appraiser evaluates your vehicle by considering:

  • Make, model, and year (luxury and newer cars often lose more value)

  • Condition and mileage before the accident

  • Severity of damage from the collision

  • Quality of repairs performed

  • Current market trends for similar vehicles

The appraiser compares your car’s market value before the accident to its value after repairs, factoring in its accident history. The difference reflects the diminution of value.

Navigating the Legal Process

Insurance companies may resist paying for diminution of value claims, but we’re ready to fight for you. Our approach includes:

  • Ensuring your vehicle is properly repaired by trusted professionals

  • Securing an independent appraisal from certified vehicle valuation experts

  • Sending a detailed demand letter to the at-fault party’s insurer with strong evidence

  • Negotiating assertively for a fair settlement

  • Pursuing litigation if the insurance company refuses to compensate fairly

Why Collazo Law Group?

Unlike many firms that focus only on personal injury, we recognize that diminished vehicle value is a real financial loss. We provide:

  • Specialized expertise in diminution of value claims

  • Comprehensive representation addressing all facets of your accident-related losses

  • Access to respected appraisers who provide credible valuation reports

  • Aggressive advocacy to ensure you receive the full compensation you deserve—even if court action is necessary

Get Your Free Consultation Today

Don’t let the insurance company shortchange you. If your vehicle’s value has dropped after an accident, contact Collazo Law Group for a free consultation. We will review your case, explain your rights, and guide you step-by-step toward recovering the true value of your loss.

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