Compensation For Diminished Value After A FL Crash

After a car accident, the first priority is to make sure you and others involved in the crash are not hurt. Injuries need to be treated immediately, and it can be advantageous for individuals to have their health assessed even if they do not feel hurt, as there could be harm that is not readily apparent. But eventually, once you are confident your health is good, you will likely turn your attention to your vehicle and any property damage that was sustained.

Compensation for property damages vary, from diminished value to total losses. Talk through possible courses of action with a lawyer after a Clearwater, Hudson, or Tampa vehicle accident.

Repair-Related Offers and Other Forms of Compensation

When another person or party is responsible for a crash, they could be held financially accountable for expenses, such as repairs and diminished value of property. Diminished value is often referred to as inherent, immediate, or repair related.

• Inherent – A vehicle is repaired to be as close to its pre-crash form as possible, yet still carries documentation of the car, truck, or van having been in an accident,
• Immediate – The difference between the worth of a vehicle before a crash and the value of it after accident repairs.
• Repair related – When an accident victim is compensated for the work to be done.

Believing you should be compensated for damage or diminished value is not enough. You need to be able to prove you have a right to financial recovery. Bring all the facts of your case to a skilled lawyer. Then, they can assess the details, negotiate with claims adjusters, and work to secure a final settlement.

Consult with Reputable Professionals

Everyone you work with throughout the compensation process should be a reputable professional. For example, when you need a quote on how much a repair to your vehicle will cost, see an authorized mechanic. Even if you know someone who does good work on cars as a hobby, they are not the individual you want to be supplying estimates to insurance company representatives and legal experts. A hobby mechanic does not have the necessary credentials to provide you with a solid form of evidence.

A Florida personal injury lawyer can illuminate the compensation process for you, making sure all paperwork is filed correctly and on time. Plus, they will understand the full worth of your claim, taking into account the age of the vehicle and any earlier accidents, so you are sure to receive a full recovery.

Are you worried about your car, truck, or van diminishing in value because of a recent Florida collision? A legal professional who has worked on a wide range of car accident settlements and lawsuits can answer your questions and inform you of best practices. To learn what is possible for you, speak to the skilled attorneys at Roman & Roman. With over 100 years of combined experience, the lawyers at Roman & Roman are knowledgeable on how to access maximum settlement amounts. Schedule your no-obligation consultation to learn more.

Although the law firm of Roman & Roman has offices in Clearwater, Hudson and Tampa, we handle cases and claims throughout  Florida. We also meet personally with our clients if at all possible, rather than impersonally over the phone or on the Internet.