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About The Payment For Loss Of Value Of Your Properly Repaired Vehicle.
If your vehicle was not involved in the accident, or if your vehicle was a "total loss" (sold), then skip this entire paragraph (because it does not apply to you). But, if your vehicle was damaged in the accident, this paragraph applies to you. In almost every case, a wrecked vehicle, even one that has been properly (even perfectly) repaired, is still worth less money than it was worth before the collision (because, after repairs, it is a "repaired wreck"). You are entitled to be paid for any loss in the value of your vehicle after repairs. Bayboro Marine, Inc. v. Macfarlane, 484 So.2d 1380 (Fla. 2nd DCA 1986); Fort Lauderdale Transfer and Rigging, Inc., 446 So.2d 138 (Fla. 4th DCA 1984); Hillside Van Lines, Inc. v. Matalon, 297 So.2d 848 (Fla. 3rd 1974); Air Service, Inc. v. MacDonald Const. Co., 150 So.2d 465 (Fla. 3rd 1963); Bulletin 84-270 Florida Dept. of Insurance and Treasurer Dec. 31, 1984; Memo Florida Dept. of Insurance and Treasurer Dec. 16, 1996. So, if your vehicle was repaired, then take the "loss-of-value" form (that we gave you) to a person with knowledge and experience in the used vehicle business, have the person fill out and sign the form (in the presence of a notary), and mail it to the insurance company representative for the other side (only) who is handling "property damage". If you do not know someone in the used vehicle business, check with "Auto Appraisal Group" at (800) 848-2886 or "Accident Inspectors" at (Toll Free 1-800-426-7662) 926-4012. If you would like a free copy of Florida laws that require the insurance company on the other side to pay you for the loss of value of your vehicle, then simply ask us, and we will provide them to you. Due to words in your own auto insurance policy, your own auto insurance company does not owe you for the "loss-in-value" of your vehicle after repairs.
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