About Diminished Value Attorneys

Our mission is to hold insurance companies accountable by enforcing the legal right to diminished value, ensuring vehicle owners are fully compensated when a crash permanently reduces the market value of their car.
 

 Diminished value is the loss in a vehicle’s market value after an accident, even when the vehicle has been fully repaired.
 

 Yes. “Lost value” is a plain-English term for diminished value, which is the legal term used by courts and insurance companies.
 

 Yes. A vehicle can lose value after repairs because accident history typically lowers resale and trade-in value.  
 

 No. Insurance companies usually do not pay diminished value unless the claim is specifically made and enforced.
 

 In most cases, diminished value is paid by the at-fault driver’s insurance company, subject to state law.
 

 You are not required to hire a lawyer, but attorney involvement often increases the likelihood of recovery when insurers dispute or deny claims.
 

 No. Any vehicle can suffer diminished value depending on the damage, repair history, and market conditions.
 

 Sometimes. Whether diminished value is available under your own policy depends on state law and policy language.
 

It depends!  Diminished value is typically calculated using market data, comparable vehicle sales, accident history, and repair documentation. However, not all market data or comparables are the same! This is where it pays to have an advocate because the insurance companies certainly do and the numbers they use are typically one-sided...theirs!
 

 Most diminished value claims are handled on a contingency basis, meaning legal fees are paid only if compensation is recovered.