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After an accident, your car can lose value even when repairs look perfect. That loss is called diminished value. In Florida, only certain owners can file a claim. Use this guide to confirm eligibility, avoid common mistakes, and learn when to hire a certified appraiser.
What Is Diminished Value?
Diminished value is the reduction in market price that remains after repairs because the vehicle now has an accident history. It affects trade in numbers and private party sales alike.
Eligibility: Who Can File a Diminished Value Claim in Florida
Florida allows diminished value recovery only in third party claims. That means the other driver was at fault and you are filing against their insurer.
You are typically eligible when:
• You are the vehicle owner (not a lessee).
• The crash was not your fault (third‑party claim).
• The vehicle has no prior accidents or claims before this loss.
• The vehicle is generally under 10 years old, unless it is an investment‑grade or high‑value classic that holds or increases in value.
• Repairs have been completed, or you have repair documentation.
Who Cannot File a Diminished Value Claim
• First party claims with your own insurer (DV is not owed to insureds).
• Leased vehicles (the owner of record is usually the lessor).
• Vehicles with earlier losses on record, in most cases.
Example: When Diminished Value Applies
A simple illustration:
| Scenario | Fault | Ownership | Eligible for DV? |
| Rear ended at a stoplight | Other driver | Owned (not leased) | Yes |
| Single vehicle collision | You | Owned | No |
| Minor hit with prior accident history | Other driver | Owned | Usually No |
| Collector car appreciating in value | Other driver | Owned | Possibly (case by case) |
How Diminished Value Is Calculated
Appraisers at Auto Praise compare pre loss value and post repair value using comparable vehicles, repair scope, used car market data, and damage severity. Structural damage, airbag deployment, or broad repainting can increase the loss. We rely on market data and recognized references to produce a USPAP compliant report.
When to Hire a Diminished Value Appraiser
• After repairs have been completed and you have the final repair bill or the estimate of record.
• The carrier disputes the amount of loss despite solid repairs.
• You need a credible, independent valuation to support negotiation.
Why Choose Auto Praise
Auto Praise provides certified diminished value appraisals recognized by insurers and attorneys. Our appraisers hold IACP, I‑Car Platinum, and Florida adjuster credentials with 30+ years of automotive experience.
Key Takeaways
• In Florida, only third‑party claimants can pursue diminished value.
• Leased vehicles and prior accident histories usually disqualify claims.
• Documentation and a certified appraisal improve outcomes.
FAQs
Can I file diminished value with my own insurance?
No. Florida limits DV to third‑party claims against the at‑fault driver’s insurer.
Does DV apply if my car is leased?
No. You must be the titled owner (financed or paid off is fine).
What if my car is older than 10 years?
Most older vehicles do not qualify unless they are high‑value or investment‑grade classics.
Do I need to finish repairs first?
Yes. Appraisers measure the market loss after repairs or with complete repair documentation.
How do I prove diminished value?
Use a certified, USPAP‑compliant appraisal with real market comps and repair evidence.
See our other blog about diminished value.
Reference: Florida Statutes – Property damage liability framework and related insurance requirements: https://www.flsenate.gov/Laws/Statutes/