California Beach Camp

Diminished value Florida refers to a form of insurance claim that is allowed in the state of Florida and centers around the loss of value in an automobile resulting from an accident. Specifically it is the difference in value that exists between two cars of the same make and model in the exact same condition, but having a different value because one has been in an auto accident. For example, you can have to cars of the same manufacture, made in the same year and are in the same condition inside and out, including the engine. One car sells for ten thousand dollars while the other is going for eight thousand dollars. The car worth eight thousand dollars, was worth ten before an auto accident. Repairs were made to bring it back to the same condition it was in before the accident, It can no longer be distinguished from the ten thousand dollar car it was or the other ten thousand dollar car that was not in an accident. But once people find out about the car’s accident history, demand for the car will drop off and the price drops with it which creates the diminished value problem.