A first party diminished value claim is made against your own insurance company for the loss in your vehicle’s value after an accident. In Florida, these claims are generally not recognized under state law unless specific exceptions apply. If your car was damaged by an uninsured at-fault driver, you may be able to recover the diminished value under your uninsured motorist coverage. Understanding the difference between first party and third party diminished value claims is essential when seeking fair compensation for your vehicle’s loss in value.