California Diminished Value Claims Lawyer in Pasadena
Representing Clients Throughout Pasadena, California
***Please note: Our firm handles Diminished Value cases only when the accident has also resulted in personal injury.***
Has your car, truck, or SUV been seriously damaged in an auto accident in Pasadena? Even after extensive repairs, you know that it has lost considerable value merely due to the fact that it was involved in an accident and now has a tainted vehicle history.
Trying to sell your repaired vehicle will be difficult, given the fact that anyone can discover its history through a simple investigation over the internet. Even a dealer may be reluctant to take your vehicle and, in any trade-in, will offer you a substantially lowered credit than you would have obtained before the accident. Next to an identical car on a used car lot, your vehicle may be worth up to a third less due to its history of damage.
What is Diminished Value in CA?
The diminished value of a vehicle is the loss in value that your car takes when it has been involved in an accident. An accident on your car's record will lower its resale value. Dealerships and private sellers are able to research your car's history using online tools. This type of value hit even affects cars that have been fully repaired after an accident.
Types of Diminished Value in California
If your car was in an accident, you may fall under three types of diminished value, which include:
- Inherent Diminished Value - This type of diminished value refers to the loss in value simply because it was involved in an accident. This is the most common type of diminished value. Many people have inherent diminished value despite repairing their vehicle after an accident.
- Immediate Diminished Value - This type of diminished value happens directly following an accident before an owner has had a chance to repair the damage.
- Repair-Related Diminished Value - If a vehicle was involved in an accident and not repaired properly or completely, it may experience this type of diminished value.
How a Pasadena Diminished Value Claim Attorney Can Help
Many people are unaware that this financial loss on your vehicle, called diminished value, can be submitted as a claim to the other driver's insurance company. Insurance companies are reluctant to make such a possibility known and are reluctant to pay such claims. Such a claim can be accomplished, however, with the help of a skilled and experienced Pasadena diminished value attorney at McGee Lerer Ogrin.
Results That Speak for Themselves
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$122,500,000 Global Settlement Sexual Abuse
Represented 14 of 124 childhood sexual abuse victims against the City of Santa Monica.
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$18,000,000 Auto v. Truck
Client rear-ended by trucking company.
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$10,000,000 Auto v. Big Rig
Family struck by a big rig.
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$4,090,000 Auto v. Auto
Family struck by a County of Los Angeles employee.
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$3,500,000 Negligence, Personal Injury
Client who was injured when a piece of machinery fell off a plumbing truck onto his foot.
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$3,500,000 Warehouse Accident
Client whose foot was run over by a forklift driver.