Tesla Case Study: Loss of Use Claim

Most people think the damage ends once their car is repaired after an accident. But the truth is, your vehicle has likely lost value — even if it looks brand new. That lost value is called diminished value, and you may be entitled to thousands of dollars because of it. In this article, we'll explain what diminished value really means, when you're eligible to claim it, and how to make sure the insurance company doesn't leave you short.

What Is Diminished Value?

Diminished value is the reduction in your car’s resale or market value after it's been in an accident, even after full repairs. Buyers are less likely to pay top dollar for a vehicle with an accident history, and that financial gap is what you're owed. Insurance might cover the repair costs, but they rarely offer compensation for the diminished value unless you ask — and prove it.

When Can You Claim Diminished Value?

You can typically claim diminished value if:

• The accident wasn't your fault

• Your car was repaired after the accident

• The other driver’s insurance is paying (third-party claim)

• The vehicle is newer or high-value

Florida law allows you to pursue a diminished value claim against the at-fault party’s insurer. Even if your car looks perfect, its Carfax or damage report lowers its market appeal.

How Much Money Can You Recover?

Payouts vary widely depending on your vehicle's age, value, accident severity, and mileage. At Prestige VS, we've seen Florida drivers recover anywhere from $1,200 to over $12,000. Luxury, exotic, and newer vehicles typically suffer the biggest diminished value hits. A professional appraisal helps prove this loss with solid documentation.

How Do You File a Diminished Value Claim?

The steps are simple, but require precision:

1. Get your car fully repaired and keep all documentation

2. Request a professional diminished value appraisal (like from Prestige VS)

3. Submit the appraisal report to the at-fault driver's insurance

4. Negotiate or pursue legal action if they offer less than the report supports

Having a certified appraisal strengthens your claim and signals you know your rights.

Why Use a Certified Appraisal Company?

Insurance companies won’t accept vague estimates or opinions. You need a certified, detailed report that outlines your vehicle’s value before and after the accident, backed by real market data. Prestige VS appraisals are trusted by attorneys, dealerships, and adjusters because they’re clear, defensible, and fast.

Final Thoughts

Don’t let the insurance company dictate what your car is worth after a crash. If your car has been repaired, chances are it has lost value — and you're entitled to that loss. A diminished value appraisal is your strongest weapon for getting what you deserve. Contact Prestige VS today for a fast, certified report that puts real money back in your pocket.