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Diminished Value Attorneys in Los Angeles, California

Even if your vehicle is repaired after a car accident it can never be restored to the condition it was in before the accident. Whether you decide to sell your car in the future or not it is now worth less money because of the accident, this loss is called “diminished value” or "diminution in value."

Since salvaged titles sell for less money then what a car would otherwise be worth, California allows you to file a claim to compensate for your car’s diminished value after a car accident. The statute of limitations to file this type of claim is three years from the date of the accident.

With the ready availability of Carfax reports, your vehicle's history will be discoverable by prospective car buyers. You will likely have difficulty selling it and you will get less money for it. If you attempt to trade it in to a dealership, the dealership may refuse to take the vehicle, or will substantially discount the trade-in credit they offer you because the vehicle was in an accident.

At McGee, Lerer & Associates, our Los Angeles lawyers are experienced in handling diminished value claims and we will fight to get you every penny you are entitled to. Contact us today!

Insurance Companies Fight Diminution in Value Claims

Insurance companies won't tell you that you have a right to make a diminished value claim. If you do find out about this right, you can attempt to handle your diminished value claim on your own, without an attorney, but you’ll likely be met with little success.

Insurance companies outright lie to claimants and tell them that California law does not allow for diminution in value. Insurance companies worry that if they start paying these claims, the floodgates will open, and car owners and their attorneys will start demanding compensation.

Most California lawyers don’t handle diminished value claims.

Insurance companies get away with it here in California because most attorneys do not handle diminished value claims. Lawyers don't handle them because either (1) they don't know that owners of damaged, but repaired, cars have a right to this compensation, or (2) the claims aren't worth enough money to justify their involvement in a claim that they know the insurance company will vigorously fight.

No Fee on Diminution in Value Claims in CA

If we also represent you on a bodily injury claim arising out of your car accident, we will waive any fee on your diminution in value claim if we can settle the DV claim without filing a lawsuit.

Discuss your case during a free consultation

If the claim is too small for us to handle, we will tell you what you need to do to handle the claim yourself - at no charge. Call us for a free consultation: (310) 231-9717. We are available 24/7!

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