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Diminished Value Claims

Diminished Value Claims in California

Demand Compensation for the Diminished Value of Your Vehicle

Carolyn, a car accident client of the firm.

If your vehicle was damaged as the result of a car accident in Long Beach, even after repairs, it will have lost considerable value. Because it has an accident history, your vehicle is now automatically worth less than an identical vehicle that has no accident history. Your vehicle will be much less desirable to a prospective buyer. It may have lost up to a third or more of its pre-accident value. With the accessibility of Carfax information today, anyone can discover your car's accident history. If you attempt to trade it in at a dealership, you will be offered less for it, or the dealership may not even take the vehicle.

You are entitled to compensation for the diminished value of your vehicle and should demand that the other driver's insurance company pay you for this loss. Contact McGee, Lerer & Associates today to get started with a free consultation!

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 & Associates, 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.

It's Not Too Late to Turn to McGee, Lerer & Associates!

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.

Contact McGee, Lerer & Associates to get started on your diminished value claim today. You are also invited to get a free second opinion on your case from our firm.

Why Choose McGee, Lerer & Associates?

What Makes Us Different
  • Five Convenient Locations
    We have 5 offices in Southern California - Los Angeles, Pasadena, Santa Monica, Long Beach & Valencia
  • 24/7 Availability
    We can be available nights and weekends and come to you at the hospital or at home.
  • No Fees Unless We Win
    If we are unsuccessful in our efforts to recover your compensation, you owe nothing. Learn more here.
  • Individual Attention
    We take the time to understand all the unique factors of your case to achieve the best results.

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Our Previous Clients Tell Their Stories

Learn What It's Like to Work With Our Firm

At McGee, Lerer & Associates, your satisfaction is our priority! See for yourself what our clients have to say about working with us.

    "This law firm is very professional"

    After my car accident, I didn't know what to do. I tried to fix the problem myself, and my insurance ignored me. After speaking with Catherine and her working group Maria and Nick, I have actually been able to achieve what my insurance said would not be po

    "They make you feel like you are their only customer"

    They were always available to answer my messages and questions. I am very grateful to them. I recommend them.

    "Thank you so much, my family and I are very grateful."

    Thank you McGee Lerer & Associates! Your services went beyond expected. You always kept me updated with calls and emails. I am very satisfied with the facility you sent me to. They were excellent!! Doctors and staff were friendly. Thank you so much, my fam

    - L.J.
    "ny questions my wife and I had Catherine or Denise we’ll gladly answer. Once again highly recommend this firm."

    McGee, Lerer and Associates’s, thank you for your help. I highly recommend this firm. Catherine was our lawyer who helped my wife and I out during the whole process of a car accident we were. Denise as well helped us through out the process. Any questions

    - R.A.
    "hey helped me get the medical treatment I needed. I recommend this firm for personal injury cases!"

    After a bad car accident I was referred to McGee, Lerer and Associates. I closely worked wih Catherine and Rachael, who always had time to answer my questions and were concerned with my wellbeing and healing after the accident. They helped me get the medic

    - M.J.
    "I want to thank Catherine and her team for making this process fast and easy for me and my husband. Any questions we had they answered right away."

    I want to thank Catherine and her team for making this process fast and easy for me and my husband. Any questions we had they answered right away.

    - E.A.
    "I Highly recommend them!"

    I'm 24 years old and barley understand my car insurance to be honest. When i got into my accident I was easily discouraged and willing to just accept what happened and not do anything. Luckily a close friend of Catherine's is a customer at my restaurant an

    - M.P.
    "very professional customer service and excellent staff."

    Excelllent team of attorneys. Changed the bad experience of getting into a accident to a positive outcome. I got all the medical help I needed to recover. very professional customer service and excellent staff.

    - N.G.