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Motorcycle Diminished Value

Motorcycle Accident Diminished Value Claims

Getting Long Beach Clients Compensation for the Diminished Value of their Motorcycle after an Accident

If your motorcycle sustained significant damage in a motorcycle accident but was not declared a total loss by the insurance company, you may be entitled to compensation for its diminished value from the other driver's insurance company. After the motorcycle is repaired, it will be worth less than it was before the accident. It is worthless because it has an accident history, and that accident history is discoverable by prospective buyers. If you attempt to trade it in at a dealership, the dealership may refuse to take the trade-in, or ding you on the trade-in value.

Insurance Companies won't tell you about your Right to Compensation for the Diminution in Value of your Motorcycle

Insurance companies don't want you to know that you are entitled to compensation for the diminished value of your motorcycle.

In the rare event that an accident victim makes a diminution in value claim, the insurance company will usually initially reject the claim, contending:

  • That California law does not recognize the right to recover diminution in value damages.
  • That if the motorcycle is repaired, its owner cannot claim diminution in value damages.
  • That the right to claim diminution in value does not arise until the motorcycle is sold or traded-in and the owner receives less than he would have if the motorcycle had an accident-free history.

Insurance companies fight these claims vigorously, fearing that if word gets out that they pay these claims, the floodgates will open and every owner of a damaged motorcycle that was deemed repairable will demand this compensation.

Most Personal Injury Attorneys Don't Handle Motorcycle Diminished Value Claims

Most personal injury lawyers don't handle motorcycle diminution in value claims. Either they don't know that their client is entitled to this compensation, or there is not enough money in it for the lawyer to pursue a claim they know the insurance company will vigorously fight. Either way, it's the motorcycle accident victim who loses out and gets victimized a second time.

Our Long Beach Personal Injury Lawyers do Handle Motorcycle Diminution in Value Claims

At McGee, Lerer & Associates, our Long Beach personal injury lawyers demand and get diminished value compensation for our motorcycle accident injury clients.

Contact a Long Beach motorcycle accident attorney at our firm today to find out more about your right to compensation for the diminished value of your motorcycle.

 

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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

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    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

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    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.
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    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

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    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.
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    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

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    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.

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