Santa Monica Car Accident Diminished Value Claims
Need Help Filing a Claim for Diminished Value on Your Vehicle in California?
***Please note: Our firm handles Diminished Value cases only when the accident has also resulted in personal injury.***
After being involved in an accident, your vehicle may be repairable. Its value, however, can never be restored to what it was before the crash. No matter if your car was fully repaired, it will now be worth less than an identical one that was never damaged in a traffic collision. This loss in value is called diminished value. When you go to sell your car or trade it in, a prospective purchaser can discover its accident history through Carfax reports. Dealers may be reluctant to take your car in a trade-in and, if they do, will most likely offer you a significantly lower amount for it.
Learn more about how our team can help with your diminished value claim if you've been injured in a car accident by contacting us online or calling (310) 692-9582 today!
Here is Checklist of the Information We'll Ask For During Your Initial Consultation.
Use a Santa Monica Car Accident Lawyer to Recover Your Loss
The only way that you can recover any compensation for diminution in value on your car, truck, or SUV is through a diminished value claim against the at-fault driver's insurance company. You can only make the claim against the other driver's carrier. You cannot make a diminished value claim under your own auto insurance policy.
Insurance companies don't like to admit that the right to make such a claim exists. They will not volunteer that you have this right, and if you do make the claim, they will often deny that you can make the claim under California law. In the rare event that an insurer does agree to pay you something on your diminished value claim, they will certainly lowball you. Using their insurance formulas that greatly favor their interests and discount yours, you will be lucky to get anything that approaches your loss. That is why you need the aggressive and experienced legal representation of a Santa Monica diminished value claim lawyer at McGee Lerer Ogrin
Results That Speak for Themselves
-
$122,500,000 Global Settlement Sexual Abuse
Represented 14 of 124 childhood sexual abuse victims against the City of Santa Monica.
-
$18,000,000 Auto v. Truck
Client rear-ended by trucking company.
-
$10,000,000 Auto v. Big Rig
Family struck by a big rig.
-
$4,090,000 Auto v. Auto
Family struck by a County of Los Angeles employee.
-
$3,500,000 Negligence, Personal Injury
Client who was injured when a piece of machinery fell off a plumbing truck onto his foot.
-
$3,500,000 Warehouse Accident
Client whose foot was run over by a forklift driver.