Get Paid for Your Car's Lost Value After an Accident

No Upfront Fees – You Only Pay if You Win
Fast & Easy Claims Process
Maximize Your Settlement – Get Paid for What You Deserve

Call Today Free Claim Review

#1 Car Accident Lawyer in Florida

Frequently Asked Questions

What Is a Loss of Value Claim?

A loss of value claim is a type of insurance claim that seeks compensation for the decrease in value of a vehicle due to an accident or other damage. This type of claim is also known as a diminished value claim or a diminished value assessment.

When Can I File a Loss of Value Claim?

You may be able to file a loss of value claim if your vehicle sustained damage in an accident caused by someone else’s negligence or wrongdoing; however, you will need to prove the damage caused a reduction in the value of your vehicle.

How Do I Prove the Value of My Vehicle?

To prove the value of your vehicle, you will need to demonstrate:

● The condition of your vehicle before the accident
● The extent of damage the accident caused
● The cost of restoring your vehicle
● The value of similar vehicles in the market

An experienced personal injury attorney can help you gather the evidence needed to prove the above so you can put together a strong loss of value claim.

How Is Loss of Value Calculated?

There are several methods for calculating the loss of value of a vehicle. Here are three of the most common approaches:

Pre-Accident Value: This method calculates the difference between the value of your vehicle before the accident and its value after the repairs

Repair Cost: This method calculates the difference between the repair costs and the value of your vehicle before the accident

Market Value: This method compares the value of your damaged vehicle to the value of similar, undamaged vehicles in the market.

Your insurance company may use one of these methods or a combination of two or more to determine the value of your loss.

What Types of Damages Can I Recover in a Loss of Value Claim?

If your loss of value claim is successful, you may be able to recover the difference between the value of your vehicle before the accident and its value after the repairs or after the damages have been sustained. This can include damages for the reduction in the market value of your vehicle, as well as any additional repair costs that may be necessary to restore its value.

Why Choose Us?

Our Experienced Team Ensures You Get the Full amount You Deserve

No Upfront Fees – You Only Pay if You Win
Fast & Easy Claims Process
Maximize Your Settlement – Get Paid for What You Deserve

Call Today Free Claim Review

      
   Weston & Pape Personal Injury, Car Accident & Workers Comp Attorneys
   602 Google reviews 
  Write a review 
  
 
 
   
 
 
       Posted on Google  
   
   Steve Gimenez 
 
 
 
 Trustindex verifies that the original source of the review is Google. Mr. John Pape and his assistant Mr. Ervin Rogers at Weston & Pape were professional, kind, and very personable! They worked hard on my Sons car accident case, and we’re grateful for their help in getting a fair settlement.
  
 
      Posted on Google  
   
   Bilolavek 
 
 
 
 Trustindex verifies that the original source of the review is Google. Weston & Pape Personal Injury Attorneys are the very best as they took on my small case with no of hesitation! Brittney in particular has been amazing in supporting me through the process and made it stress free! Thank you all!!! Sincerely, Jeane B
  
 
      Posted on Google  
   
   Edward Chenkus 
 
 
 
 Trustindex verifies that the original source of the review is Google. Erving and Micah are excellent and there lawyer John are Allstars. I strongly recommend them to represent you. Erving is a scholar the guy goes above and beyond for you. Very happy with them in all shapes and forms. Yall won't regret it, they way better than the bigger law firms they actually have time to spend with you when needed. And that's what sold me.
  
 
      Posted on Google  
   
   Eric Beriones 
 
 
 
 Trustindex verifies that the original source of the review is Google. The staff was very friendly and helpful. They did everything within their power to get favorable results. The whole process was smooth and they give regular updates the entire way.
  
 
      Posted on Google  
   
   Julia Robinson 
 
 
 
 Trustindex verifies that the original source of the review is Google. Some of the most considering and helpful on the job lawyers!I would refer them to new clients in a hard beat! Job well done! 💯 Thank you so much Brittany.
  
 
      Posted on Google  
   
   Gregory Lee 
 
 
 
 Trustindex verifies that the original source of the review is Google. I thank You you guys very much you are very good You have great empathy for serving. I  appreciate it. I’m blessed to have you as a team. I thank you for everything you have done. Your service was great and I will recommend you to many others. Thank you once again.
  
 
      Posted on Google  
   
   Jay Brown 
 
 
 
 Trustindex verifies that the original source of the review is Google. Karen and her department are amazing and helpful
  
 
      Posted on Google  
   
   Katrina Ellis 
 
 
 
 Trustindex verifies that the original source of the review is Google. KAREN and her department are amazing and very helpful thank you...