Long Beach Car Accident Diminished Value Claims

Insurance Companies Fight Diminished Value Claims

The vast majority of accident victims don't know that they are entitled to be paid for the diminution in value of their vehicle. Insurance adjusters certainly won't advise them of that right. In fact, insurance adjusters will often tell accident victims who raise the issue on their own that diminution in value damages are not recoverable under California law. Wrong.

California law does entitle an accident victim to be paid for the diminished value of their vehicle. Insurance companies don't want you to know this and fight these claims vigorously. They worry that if car accident victims learn that they are entitled to this money, the floodgates will open and insurance companies will be inundated with a diminution in value claims from car accident victims and their attorneys.

Most Attorneys Don't Handle Diminution in Value Claims

Most personal injury attorneys do not handle diminished value claims. Why? Either because they aren't aware the money is recoverable, or because diminished value claims don't have enough value for the law firm. At McGee Lerer Ogrin, we began handling these claims after being fed up with seeing car accident victims have to bear the financial consequences of a negligent driver's actions.

No Fee on Diminished Value Claims

If we also represent you on a car accident injury claim, we will waive our fee on any money we collect for you on a diminished value claim if we can settle your diminished value claim prior to filing a lawsuit.

If you already have an attorney on your injury claim, but your attorney does not handle diminished value claims, we may be able to take over your case. It will cost you nothing to move over your case.  

It's Not Too Late to Turn to McGee Lerer Ogrin!

Have you been injured in a car accident? If you have already hired a personal injury attorney to represent you, and the attorney does not handle diminished value claims, you are welcome to contact our office to discuss whether we can assist you. If your diminished value claim is not of sufficient value for our firm to be able to take on the claim, we can tell you what you need to do, at no charge, so that you can pursue the claim on your own.

If you would like our firm to take over your injury claim and also represent you on a diminished value claim, we can discuss that as well. If you do decide to change attorneys, you pay no additional attorney's fee. The one attorney's fee is divided between your first and second lawyer; your portion of the settlement remains the same. Our team can help with your car accident diminished value claim if you've been injured.