When a car accident occurs that was not your fault, you may be unsure how to proceed. You may have a vague idea about how an insurance claim should work or know that the person who caused the crash should pay for your car repairs and medical bills, but there could be a lot more you’re not considering.
For example, you may also have additional losses related to your car’s value after the crash, depending on how significant the repairs were. After the repairs, your car’s value may be lower because the accident will now be in your vehicle’s history report. You deserve to recoup your losses for this reduced value, which our Panama City car accident lawyer can help obtain from the insurer.
How Our Diminished Value Claim Lawyers in Panama City Can Help With Your Case
As you start the process of working with insurance companies after your accident, the insurance representative may try to convince you that the company will help you receive a fair settlement.
Insurers are for-profit companies, so it is in their interests to pay victims as little as possible. No matter what the insurance rep tells you, the rep does not work for you. But when you hire the Panama City personal injury lawyers team at GED Lawyers, you have someone who actually defends your rights and is on your side.
How We Help You Seek Damages for Your Reduced Car Value
Although you may have a reduction in the value of your car after making repairs, you may not realize the effects of this reduction for a few years. When you attempt to sell or trade in the car in the future, that’s when the effects of the accident will become apparent. Potential buyers may offer you less money than you expect because of the crash in the vehicle’s report.
You deserve to receive a payment now that compensates you for the reduced value your car has after repairs. Insurance companies often don’t want to give you this payment, or they may offer you quite a bit less than what you should have. Our reduced value claim attorneys in Panama City will fight the insurance company on your behalf, seeking the money you should have.
Our Panama City Lawyers for Diminished Value Claims Can Guide You Through the Process
Making a claim for the loss of value of your car after an accident can be a complicated process. Florida law does allow victims to pursue compensation for diminished value, but as the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) points out, the state does not require drivers to carry specific insurance coverage that would pay for the loss in value to their cars. You might have a tough time receiving payment on your own.
The at-fault driver’s insurance company may choose not pay you for the reduced value of your car. In fact, it may ignore your demands for any money based on the loss in value of your car. If so, Ged Lawyers has a few options we can try to help you receive the money you deserve.
We Can Seek Payment From the Other Driver’s Insurance Company
Even if the insurer told you that it does not want to pay you anything for the lost value in your repaired car, our team of Panama City diminished value claims lawyers may be able to convince the insurer to pay you money as part of a settlement. This isn’t easy, but we can use our collective decades of experience to develop a strategy to help you.
We will use the facts in the case to clearly show that your car now has a reduced value versus what it had prior to the accident.
Seeking a Payment From Your Insurance Company
If the other driver’s insurance company simply refuses to pay you anything for your car’s lost value because it says the policy doesn’t require such a payment, we may be able to try to use your policy’s uninsured motorist/underinsured motorist coverage to obtain the payment you deserve. It really depends upon the terms of your policy.
Because the other driver’s policy does not have reduced value coverage, we can claim that this driver is underinsured. We then can seek payment from the insurer that compensates you. This isn’t always an easy process, as your insurer might not pay either, but we will work hard to seek the money you deserve.
Our Attorney for Diminished Value Claims in Panama City Also Can Help With Your Personal Injury Claim
If you have had an accident that’s done significant damage to your car, you are probably also dealing with severe injuries requiring medical care. When you hire Ged Lawyers for your diminished value claim, we also serve as your Panama City personal injury lawyer. We can seek payment for your medical bills, lost wages, and pain and suffering.
We can take over management of your case at any point, as long as you haven’t already agreed to a settlement with the insurance company. We prefer that you hire us as early as possible in the case, so we can guide you and collect evidence on your behalf.
Work With Our Panama City Diminished Value Claim Attorneys Today
As you are handling the aftermath of a crash that you did not cause, you may find yourself dealing with several situations. Trying to recover from your injuries while managing a claim with the insurance company can be stressful.
Reach out to the Panama City diminished value claim lawyers at Ged Lawyers as soon as possible for a free consultation. Let us take over the legal and financial aspects of your case, so you can focus on regaining your health and spending time with your family.
