#Florida lawyers
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mfi-miami · 1 year ago
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Substance Abuse Among Florida Lawyers Is At An All Time High
Substance Abuse Among Florida Lawyers Is At An All Time High! Has Your Attorney’s Integrity Been Compromised By Addiction? Substance abuse among Florida lawyers is on the rise. So, you need to ask yourself one big question. Is my lawyer high or drunk? There is a good possibility they are. Let’s be realistic. The legal profession is not like what they show on TV. Law school is expensive. The…
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bitmanlaw · 2 years ago
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What kind of support can you anticipate from a Houston divorce attorney?
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sheldricklawfirm · 1 month ago
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Supercar Diminished Value and Loss of Use Claims in Florida
When a supercar such as a Lamborghini, Ferrari, or McLaren is involved in an accident, the aftermath can be financially devastating. Beyond repair costs, these high-end vehicles often suffer from diminished value—the loss in market value due to their accident history—even if repaired to perfect condition. Additionally, loss of use claims are essential to compensate owners for the time their supercar is unavailable for use. Understanding how these claims work under Florida law is crucial for maximizing compensation.
Understanding Diminished Value for Supercars
Diminished value refers to the reduction in a vehicle's market value after being damaged in an accident. Supercars, in particular, face steep reductions in value because potential buyers of luxury vehicles often seek pristine, accident-free cars. Even top-tier repairs cannot erase the accident from the vehicle’s history.
For example, a 2020 Ferrari 488 GTB with a minor accident may face significant devaluation simply because of the repair history. Buyers of such cars look for perfection, and the stigma of an accident can lower the value by tens of thousands of dollars. Diminished value claims ensure that owners are compensated for this post-accident loss in market value.
Loss of Use Claims for Supercars
Loss of use refers to the inability to use your supercar while it’s being repaired. For vehicles like a Porsche 911 GT3 or a McLaren 720S, this can be a significant financial and personal inconvenience, especially if the repairs take weeks or months. Florida law allows for loss of use claims to cover rental costs for a similar luxury vehicle or compensate for the time the vehicle is unavailable.
For example, while your Lamborghini Huracán is in the shop, you could claim for a comparable rental vehicle. If a similar supercar rental isn’t available, you may be entitled to compensation for the loss of enjoyment and use.
Why You Need a Supercar Accident Lawyer
If your Ferrari, Lamborghini, Pagani Huayra or Bugatti Chiron has been damaged, you’re entitled to more than just repair costs. Many people try to handle diminished value or loss of use claims on their own, only to face denials or lowball offers from insurance companies. Insurers often claim that you lack the documentation needed to prove your loss or even tell you outright that you aren’t entitled to compensation.
This is where retaining a supercar injury lawyer is crucial. Insurance companies are aware that consumers often don’t understand the intricate details of making a successful diminished value claim, and they take advantage of this. However, when you have an attorney who specializes in these claims, the situation changes.
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Dealing with diminished value and loss of use claims for supercars requires a thorough understanding of Florida law and the unique challenges posed by luxury vehicles. Insurance companies often attempt to deny or minimize these claims, leaving supercar owners with inadequate compensation. By working with a law firm that specializes in supercar claims, like The Sheldrick Law Firm, you can ensure that your vehicle's true value is recognized and that you are compensated for your losses. Don't settle for less—reach out to us for high caliber representation and protect your investment.
DIMINISHED VALUE CLAIM FORM
Complete Our 3 Minute DV Form
Submit It For Review
Our Diminished Value Lawyer Will Contact You
Diminished Value Form
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FLORIDA CASE LAW:
DIMINISHED VALUE
In American Southern Insurance Co. v. Griggs, 959 So. 2d 322 (Fla. 5th DCA 2007), the court reinforced the right of vehicle owners to recover diminished value as part of a property damage claim when the at-fault party is negligent. The ruling emphasized that even if a vehicle is fully repaired, it may not regain its pre-accident market value, making diminished value compensation essential. This is particularly important for luxury and supercar owners, as vehicles like a Ferrari or Porsche can suffer significant market value losses due to their accident history, regardless of repair quality. Griggs solidifies the legitimacy of pursuing diminished value claims in third-party cases, ensuring that owners can claim both repair costs and the market value lost after an accident, helping to avoid substantial financial loss.
In Trinity Universal Insurance Co. v. Metzger, 360 So. 2d 960 (Fla. 3d DCA 1978), the court ruled that vehicle owners are entitled to recover both the cost of repairs and the diminished value from the at-fault driver’s insurance company. The court recognized that even after a car has been fully repaired, it can still lose value due to the stigma of having been in an accident. This case is especially relevant for supercar owners, as the value of high-end vehicles like a Ferrari or Lamborghini can drop significantly post-accident, even with flawless repairs. Trinity Universal underscores the importance of pursuing diminished value claims alongside repair costs to ensure full compensation for the loss in value.
In Papadopoulos v. Auto-Owners Insurance Co., 581 So. 2d 1387 (Fla. 2d DCA 1991), the court reinforced the principle that vehicle owners can recover diminished value in third-party claims, meaning the at-fault party's insurance is responsible for compensating the owner for both repairs and any decrease in the vehicle's market value. This case emphasized that, even if a vehicle is fully repaired, it might still suffer a loss in value due to its accident history, which is particularly important for luxury and high-end vehicles. The ruling in Papadopoulos is critical because it clarifies that a vehicle owner can pursue the full amount of the vehicle's lost value in addition to the costs associated with the repair. The court's decision helps establish the right to claim compensation for the market stigma attached to a vehicle that has been in an accident, despite any efforts to restore it to its original condition. This case is often cited in Florida when pursuing third-party diminished value claims, ensuring that accident victims are fully compensated for their losses, beyond just the cost of repairs.
These landmark Florida cases serve as strong legal precedents for pursuing diminished value claims, ensuring that vehicle owners can recover not only the cost of repairs but also the loss in market value caused by an accident. By understanding and leveraging these rulings, supercar and luxury vehicle owners can seek full compensation when they’re not at fault, protecting the true value of their investment.
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Has Your Diminished Value or Loss Of Use Claim Been Denied?
Insurance companies often deny Diminished Value or Loss of Use claims for various reasons, and it's important to understand why. Below are five common reasons an insurance company might deny your claim, along with details about each.
1. Lack of Proper Documentation Insurance companies often deny claims because they argue there is insufficient evidence to support the diminished value or loss of use claim. They may assert that you haven't provided the necessary proof of the vehicle’s pre-accident value, post-repair market value, or clear documentation showing the time period for which the vehicle was unavailable.
Tip: To counter this, ensure you gather appraisal reports, repair bills, rental receipts, and market comparisons showing your car’s value before and after the accident. Expert reports, especially for supercars, can be essential to building a strong case.
2. Claim Filed Against the Wrong Policy If you attempt to file a first-party diminished value claim, it will likely be denied, especially in Florida, where only third-party diminished value claims are allowed. The insurance company will argue that your policy doesn't cover such claims, forcing you to pursue a claim against the at-fault driver’s insurance.
Tip: Make sure you understand the difference between first-party and third-party claims. In Florida, third-party claims are allowed, meaning the at-fault driver’s insurance must cover diminished value and loss of use.
3. Failure to Meet Eligibility Criteria Insurance companies will deny claims if they believe you are not eligible based on the circumstances of the accident. If you are partially at fault or the at-fault party is underinsured, insurers might deny the claim or offer reduced compensation. They may also claim the damage does not meet their threshold for a diminished value loss.
Tip: Prove that you were not at fault, and provide evidence of how the accident directly affected your car’s market value. Legal representation can help dispute any inaccurate determinations.
4. Dismissal Due to Vehicle Type For luxury or supercars, insurers sometimes argue that because these cars are difficult to appraise or have volatile market values, the claim is exaggerated or unwarranted. They may also claim that because the car was restored to high standards, the diminished value is negligible.
Tip: Supercar owners should always use expert appraisers to establish the diminished value and loss of use claims. Independent appraisers who specialize in luxury vehicles are crucial to proving that the car has lost value, despite flawless repairs. Hiring a licensed appraiser and citing Florida case law that is relevant and in your favor will leave the defense with little to no options.
5. Dispute Over Repair Quality or Necessity Some insurance companies will argue that the repairs performed on your vehicle were unnecessary or exceeded what was required, leading to an inflated diminished value claim. They might also argue that if you failed to mitigate damages (for example, by not getting timely repairs), you may forfeit your right to a full diminished value or loss of use claim.
Tip: Always retain full documentation of your vehicle’s repair history and work done. Ensure that the repairs are performed by reputable shops specializing in luxury vehicles to avoid disputes over the quality or necessity of the work.
By understanding these common reasons for denial, you’ll be better equipped to strengthen your diminished value or loss of use claim. If your claim has been denied, seeking legal assistance from a firm experienced in supercar claims can help you navigate the complexities and challenge the insurance company’s decision. Should you have any problems, allow for attorney Kayla Sheldrick to handle your case. With hundreds of thousands of dollars recovered from diminished value and loss of use claims, we are confident and ready to succeed on the next qualifying DV or LOU claim that comes our way.
Do You Believe The Insurance Company Is Acting In BAD FAITH?
You might not be the only one with a legitimate claim, but the insurance company could be acting in bad faith by using deceptive tactics to deny or underpay your compensation. Don’t let them get away with it. Discover how insurers have a legal duty to act in good faith and what you can do if they fail to fulfill their obligations. Learn more about bad faith practices and how you can protect your rights by holding them accountable. Click here to uncover the truth and fight back!
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NEED TO SPEAK WITH A LAWYER?
Call (561) 440-7775
Ask To Speak With Attorney Kayla Sheldrick!
Supercar Owners Trust Us: Client Reviews for Diminished Value & Loss of Use Claims
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At The Sheldrick Law Firm, we pride ourselves on delivering top-tier results for supercar owners facing diminished value and loss of use claims. From Ferrari and Lamborghini owners to Tesla and Porsche enthusiasts, our clients trust us to protect their investments and secure the compensation they deserve. Don’t just take our word for it—read what our clients have to say about their experience working with us.
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Miguel O. - Kayla is a very humble, passionate and a hard worker. If you are in search of a personal injury lawyer I highly recommend her. You won’t be disappointed.
Tyler R. - Kayla was both professional and timely in handling my case - an unfortunate incident involving a drunk driver in NYC. She was clear and communicative in her initial approach and through the process. I highly recommend the Sheldrick Law Firm for PI, diminished value, and other legal matters.Thanks Kayla!
Juan P. - Kayla was great, she kept me informed all the time and the result was exactly what she said it was going to be. And since my case took a long time she reduced her fee to help me out.
Miguel O. - Kayla is a very humble, passionate and a hard worker. If you are in search of a personal injury lawyer I highly recommend her. You won’t be disappointed.
Tyler R. - Kayla was both professional and timely in handling my case - an unfortunate incident involving a drunk driver in NYC. She was clear and communicative in her initial approach and through the process. I highly recommend the Sheldrick Law Firm for PI, diminished value, and other legal matters.Thanks Kayla!
Juan P. - Kayla was great, she kept me informed all the time and the result was exactly what she said it was going to be. And since my case took a long time she reduced her fee to help me out.
Read all of our reviews, click here.
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LEARN ALL ABOUT "LOSS OF USE"
Click Here to view our Law Firm's Designated "Loss Of Use Page"
LEARN ALL ABOUT "DIMINISHED VALUE CLAIMS
Click Here to view our Law Firm's Designated "Diminished Value Page"
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theycancelledhim · 1 month ago
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https://patreon.com/TheyCancelledhim?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=creatorshare_fan&utm_content=join_link
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artielu · 2 years ago
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Case 4:23-cv-00163-MW-MAF Document 1 Filed 04/26/23 Page 1 of 77 - Politico
This is a direct link to the complaint filed by Disney against DeSantis regarding his targeted retaliation campaign against Disney because Disney opposed DeSantis' homophobic law.
It is SO WELL WRITTEN, y'all. It is in wonderfully clear, plain language that is easy to understand. For those of you whose jobs include professional writing, you know how much work and skill go into making something this simple and yet full of information. I'm sure there were dozens of rounds of edits to get to the point more quickly, simplify the language, and cut out anything unnecessary. Love it.
I'm so impressed. I encourage you all to read at least the introduction. It's only a few pages.
You come at the king, you best not miss.
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ryuukoizawa · 1 year ago
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Are you looking for based-in Child Custody Florida Lawyer? ZAGER LAW is your ultimate solution. Whether it is Asset Protection Attorney, Child Support Attorney or Asset Protection Attorney in Florida, Zagerlaw has got your back.
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hanksypanksyblog · 2 years ago
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Devil's Advocate: Siegel School of Comedy Bricks
The boys are litigating for lower powers this week with Devil's Advocate, starring the elusive Keanu Reeves! Head on down to the courtroom and do some discovery, with jokes including: Al Pacino's shower thoughts, a pretty big love bite, the incorrect number of holes, Keanu's mostly-there accent, and some mild foot stuff.
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zimmetzimmett · 2 years ago
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leaflyweedsdispensary · 2 years ago
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We give you the best quality at affordable prices
If interested order here +1(760) 565-5088
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mfi-miami · 1 year ago
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Florida Attorney Malpractice: Is It Malpractice Or Mistakes?
Florida Attorney Malpractice: When Do A Florida Lawyer’s Mistakes Constitute Malpractice? Potential clients ask MFI-Miami all the time about Florida Attorney Malpractice. Pissed off homeowners usually call and ask for help days before Sheriff’s Deputies are on their way to evict them. By that point, the homeowners only option is to rent a box up their belongings and rent a moving…
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sheldricklawfirm · 2 months ago
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From the WEST COAST to the EAST COAST
- Florida Personal Injury Law Firm
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We handle a variety of personal injury cases throughout all of Florida!
Auto Accidents
Dental Malpractice
Slip, Trip, or Fall Incident
Workers Comp
DUI Accidents
Commercial Vehicle Accidents
Ride Share Accidents
Motorcycle Accidents
Pedestrian Accidents
Catastrophic Injuries
INJURED IN AN ACCIDENT? SPEAK TO A LAWYER NOW!
CALL (561) 440-7775
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Continue reading…
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griseldagimpel · 2 years ago
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For those not in Florida, we don't have a state income tax. The reason we don't have a state income tax - which is also the reason a bunch of celebrities have Florida as their registered address - is because the whole rest of the world vacations in Florida at our beautiful beaches and theme parks and gives us all the monies.
Florida politicians - and especially Florida Republican politicians - are not supposed to fuck with Disney. The Mouse getting to be its own government is wrapped up in how Low Taxes actually works here, in a way that doesn't work for other places that aren't raking in massive tourism revenue.
Neither DeSantis' fascism nor Disney's corporatocracy are good, but they are at odds with each other.
Disney vs. DeSantis is so funny because it's like. Neither side even wanted to get into this. Here's how it's supposed to go: Politician does something stupid. Corporation disavows politician after public pressure. Politician disavows the disavowing. Nothing changes for either party.
But then the Florida governor got stars in his eyes. He saw an opportunity to bolster his standing before the presidential primary. He wanted to be the one who took on The Mouse and won. So in retaliation he decides he's going to tear down the decades-old agreement Disney has to govern Disney World's district.
And just like that, Disney's batshit insane legal department turns towards Florida like the Eye of Sauron spotting the ring at Mount Doom. They smell potential lost profit. They smell blood.
Disney will use any and every strategy they've accumulated over the last century of lobbying congress and DeSantis can't back down lest he admit Mickey Mouse kicked his ass. He lost control of Disney World's district even more than he already had. Now he's getting sued.
This all started because Disney was pressured into backtracking their political contributions to Florida and disavowing the Don't Say Gay law. Now they're fighting for something they actually care about: their profit margin. Disney is not an ally to queer people and they're an enemy to progressives, but damn am I rooting for them to keep humiliating the greater evil for the time being. This is high comedy.
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lewisjurnovoypensacola · 11 hours ago
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Tax Debt Assistance in Pensacola, FL - (850) 432-9110
Lewis and Jurnovoy is a local law office serving the Florida Panhandle for over 20 years. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.
Lewis and Jurnovoy 1100 North Palafox St Pensacola, FL 32501 (850) 432-9110 https://www.LewisandJurnovoy.com
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lewisjurnovoypcb · 11 hours ago
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Tax Debt Assistance in Panama City, FL - (850) 913-9110
Lewis and Jurnovoy is a local law office serving the Florida Panhandle. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.
Lewis & Jurnovoy, P.A. 2714 West 15th St Panama City, FL 32401 (850) 913-9110 https://www.LewisandJurnovoy.com
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lewisjurnovoyfwb · 1 day ago
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Tax Debt Assistance in Fort Walton, FL - (850) 863-9110 
Lewis and Jurnovoy is a local law office serving the Florida Panhandle. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.
Lewis and Jurnovoy 151 South Mary Esther Cutoff Ste. 103 Fort Walton Beach, FL 32569 (850) 863-9110 https://www.LewisandJurnovoy.com
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ljcrestview · 2 days ago
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Mortgage Lawyer in Crestview, FL - (850) 409-3350
Martin Lewis and Steven Jurnovoy joined as partners in 1998 to create the law firm of Lewis & Jurnovoy, P.A. The primary emphasis of the law firm is in the representation of individuals and sole proprietors in Chapter 13 Bankruptcy ("Debt Consolidation") and Chapter 7 Straight Bankruptcy.
Lewis and Jurnovoy 1501 S. Ferdon Blvd. Crestview, FL 32536 (850) 409-3350 https://www.LewisandJurnovoy.com/
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