Motorcycle Accident Diminished Value Claims
Getting Long Beach Clients Compensation for the Diminished Value of their Motorcycle after an Accident
***Please note: Our firm handles Diminished Value cases only when the accident has also resulted in personal injury.***
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.
If you were injured in a motorcycle accident, we can help with your diminished value case. Contact us online or by calling (562) 270-0546 today!
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.
If you already have an attorney on your injury claim, but your attorney does not handle diminished value claims, we may be able to take over your case. It will cost you nothing to move over your case.
Our Personal Injury Lawyers do Handle Motorcycle Diminution in Value Claims
At McGee, Lerer & Associates, our personal injury lawyers demand and get diminished value compensation for our motorcycle accident injury clients.
Contact a motorcycle accident attorney at our firm by calling (562) 270-0546 today to find out more about your right to compensation for the diminished value of your motorcycle. If you've been injured in a motorcycle accident, we're here to help with your diminished value case.
Why Choose McGee, Lerer & Associates?
What Makes Us Different
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We have 4 offices in Southern California - Los Angeles, Pasadena, Santa Monica & Long Beach
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We can be available nights and weekends and come to you at the hospital or at home.
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If we are unsuccessful in our efforts to recover your compensation, you owe nothing. Learn more here.
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We take the time to understand all the unique factors of your case to achieve the best results.