Frequently Asked Questions
Receiving fair compensation for a lemon or your vehicle’s diminished value can be a confusing process. Lost Value Legal is here to help you! Learn more about diminished value, lemon law, and other types of claims we handle.
Diminished Value Claims
The amount you get for a diminished value claim depends on the situation. Lost Value Legal will analyze the repairs and your vehicle’s value before and after the accident. We use market driven data to maximize your recovery. Our attorney is a certified motor vehicle appraiser and, most importantly, a motor vehicle enthusiast. We love what we do.
Lost Value Legal handles diminished value claims on a contingency basis. If we don’t recover for you, you owe us nothing. You have nothing to lose by contacting us. We will assess your claim and determine whether a diminished claim makes sense in your specific circumstance using market driven data. Our consultations are free and no obligation.
A diminished value claim worth it if you own your vehicle and are not at fault in an accident. Buyers of any vehicle will pay less for a vehicle that had prior accidents, repairs, or damage. A vehicle that had structural repairs or frame damage can have an even higher diminished value after an accident. Typically, the more expensive or newer the vehicle, the higher the diminished value recovery can be. The value of diminished value of exotic, luxury, or sports cars can be tens or hundreds of thousands of dollars.
Yes, if you are not at fault and your vehicle was damaged in an accident, you can sue the at-fault driver for the diminished value of your vehicle. In some circumstances, our law firm will sue the at-fault driver to recover the diminished value. Pursuing a lawsuit might make sense because vehicles with a bad vehicle history report are worth less than ones that have not been damaged. When you go to trade or sell your vehicle, your vehicle might be worth less than one with a clean history that has never had repairs.
Loss of Use Claims
Loss of use is compensation you receive for being unable to use your vehicle after an accident that is not your fault. The compensation can be the cost of a rental vehicle like yours that was damaged by the at-fault driver.
The value of loss of use depends on your vehicle and the time it is unusable. The longer your vehicle takes to be repaired or cannot be used, the higher your loss of use claim will be. More expensive vehicles might have a higher loss of use claim because the cost of a similar luxury, exotic, or sports car can be significantly higher than a more common vehicle. Some cars can have a loss of use value that exceeds $1,000 per day. This can result in a significant claim.
If you are not at fault in an accident, then the at-fault driver (or their insurance) will be responsible for paying a loss of use claim. Our law firm will determine all potential responsible parties to make sure you get the recovery you deserve.
Total Loss Claims
It depends. Usually the cost of repairs and your vehicle’s actual cash value determines whether a car is a total loss. Determining an accurate cost of repair and your specific vehicle’s actual cash value is critical to determine whether it’s a total loss. Insurance companies may say your vehicle’s actual cash value is too high or the cost of repair is too low. This would prevent your car from being a total loss when it should be.
Lost Value Legal uses the latest market driven data to determine the value of total loss vehicles. Our attorney is a certified motor vehicle appraiser and knows how to make sure you are compensated fairly. Insurance companies may try to lowball you on the actual cash value of your vehicle once it has been totaled. We make sure you are paid what you are owed.
Lemon Law Claims
Florida lemon law protects consumers who purchase or lease vehicle with substantial and unrepairable defects within the first 24 months of ownership. The manufacturer is entitled to repair the vehicle. If it is not adequately repaired or it has been out of service for the same defect, then the vehicle could be a lemon.
Keeping great records about your attempts to have the vehicle repaired is very important. This is because manufacturers are entitled to try to repair the defects before the car is determined to be a lemon. If the manufacturer cannot repair the car within the time permitted by law, you might be entitled to a refund of the purchase price (minus a usage deduction) or a comparable replacement vehicle.
Florida lemon law provides that the manufacturer pays for the owner’s attorney if a vehicle is a lemon. This is why it is important to retain an attorney if you believe your vehicle is a lemon – there is no cost to you to make things right. After you retain an attorney, the manufacturer will know you are serious.
Florida’s lemon law protects consumers purchasing vehicles for 24 months following the delivery of the vehicle. Florida lemon law deadlines are strict. Don’t miss your chance for compensation.
A car qualifies for Florida's Lemon Law if it has a substantial, warranty-covered defect that impairs its use, value, or safety, and the manufacturer or dealer can't fix it after a reasonable number of attempts. Usually, the manufacturer has three attempts for the same defect or the vehicle has been out of service for repairs for a cumulative total of thirty days or more.
Yes, Florida’s lemon law applies to recreational vehicles, but the law is slightly different than a regular car. Contact us if you think your RV is a lemon so we can evaluate your claim. You should be able to enjoy your recreational vehicle, not have it sit in the shop.
Lost Value Legal
We are a law firm. There are businesses that advertise assistance with vehicle claims, however they are not law firms that can file a lawsuit. Insurance companies know when someone is represented by a lawyer and will take the claim more seriously.
Unsure if you Have a Claim?
Call us at 561-680-6000 or click the button below and fill out our form. We'll reach out and determine whether we can help you.