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Diminished Value

Diminished Value Attorney in Phoenix

Diminished Value Attorney

Traffic accidents damage thousands of motor vehicles each year. According to the National Highway Traffic Safety Administration, a motor vehicle collision happens every ten seconds in the United States.

The financial consequences of an automobile accident can last long after your automobile is repaired. A car involved in a crash is permanently diminished in value. Diminished value happens when a vehicle involved in an auto accident suffers physical damage structurally, cosmetically, or both. Even if the car is repaired to an immaculate, like-new condition, it is still worthless money than it was before the automobile accident occurred.

The diminished value of a vehicle becomes apparent when an individual attempts to sell it. Many states require full disclosure of all accidents in which a vehicle may have been involved. As most buyers prefer cars that have not been involved in an accident, an owner of a vehicle involved in an accident will receive less money for his or her vehicle than if the vehicle were never involved in any accidents at all. Diminished Value Attorneys can assist in recovering the loss.

Three Diminished Value Types

Three main types of diminished value apply to diminished value claims. However, not all three types of diminished value are used when legally compensating individuals for the reduced value of their vehicles. These three main types of diminished value are the following:

  1. Immediate diminished value: This type of diminished value refers to the difference in resale value of the vehicle because of a motor vehicle accident.
  2. Inherent diminished value: This type of diminished value refers to the loss of a vehicle’s market value. It is the most widely recognized and accepted form of diminished value and is also the most common basis upon which any supplemental forms of diminished value would be added.
  3. Repair-related diminished value: This type of diminished value refers to the depreciated amount of a vehicle as a result of improper or incomplete repairs, poor quality repairs, or items left unrepaired. Typically, the amount of repair-related diminished value is determined by the overall quality of the repairs.

Diminished value attorneys have helped recover DV in every state and by every major insurance company. Nearly every state allows individuals to file a claim of diminished value if their vehicle has been involved in an accident that is not their fault. And even if the other party does not have insurance, individuals who carry uninsured motorist coverage on their policy may be able to file a diminished value claim under their own policy.

Be aware that there exist two different types of diminished value insurance claims: first-party insurance claims and third-party insurance claims. First-party insurance claims occur when individuals damage their own car, and their insurance company pays the claim. In first-party insurance claims, individuals may still recover the lost value of their vehicle as long as their insurance company does not specifically exclude coverage for diminished value. Third-party insurance claims occur when a negligent driver damages another party’s car and the negligent driver’s insurance company pays the claim. In third-party insurance claims, all state courts generally support claims for diminished value as long as the loss can be proven.

Several factors may affect the calculation of your vehicle’s diminished value, including:

  • The vehicle’s condition before the accident
  • Vehicle’s age
  • The vehicle’s value undamaged
  • Prior accidents
  • Marketplace demand
  • Mileage

It is important to keep in mind that every vehicle is different and that the amount of diminished value will vary accordingly. A systematic calculation of your vehicle’s diminished value is therefore tricky. An individual can also pursue a diminished value claim on his or her own by requesting that his or her insurance adjuster address the diminished value of his or her vehicle. But unless that individual is trained to handle diminished value claims, his or her request will most likely be turned down by the insurance company. That’s why you should contact Wattel & York. Only the Diminished Value Attorneys at Wattel & York have the expertise and experience necessary to calculate your vehicle’s diminished value following an accident accurately.

Diminished Value Attorneys

If you or someone you know has been the victim of an automobile accident and is considering filing a claim of diminished value, don’t hesitate to contact Wattel & York, Diminished Value Attorneys. Call us toll-free at (877) 572-4143 or complete a simple case form on our website.

An initial consultation is free of charge. If we take your case, we work on a contingent-fee basis — which means you pay us only if you receive a monetary reward or recovery of fees. Don’t hesitate any longer; a lawsuit must be filed before the statute of limitations in your state expires. So call us now. You may have a valid claim entitling you to compensation for diminished value caused by an automobile accident. Got a Legal Question? Click to Call!

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Online Reviews

“Amazing people, they had my claim for about a week before they were able to get my truck totaled out. Otherwise I would have been stuck with a truck that had heavy front end damage if they hadn’t stepped in to help me. I tried to deal with my insurance company myself for over a month and that got me nowhere, all I got was a massive headache and a messed up truck. They are very professional and act quickly on your claim. I highly recommend them to anyone who is looking for help.”

Candy J.

2/9/2020

“I was in an accident and decided to call Wattel and York. After months of going to a Chiropractor, I finally felt better. When it came time for settlement, the insurance company was making an offer I wanted to accept, Mr. Wattel advised against it and felt the insurance company was shortchanging me. He recommended I file a lawsuit and that will get them to cave. Well, Dave filed suit, and sure enough, the insurance company increased their offer by $4,000! I am very satisfied with how my case was handled.”

Nardeasha S.

20/20/2020

“Wattel & York were flat out outstanding with my personal injury case. They made the process painless and kept in constant communication throughout the entire time. Any questions I might’ve had were promptly answered and detail oriented. They gave me crucial advice that I would’ve otherwise not been aware of. I couldn’t have asked for more from them. Put your trust in these guys, you won’t be disappointed. Thanks Wattel & York.”

Mattew P.

13/9/2020

“Thank you so much for all your hard work on our behalf! Thinking I could handle it on my own, I was originally reluctant to take my accident claim to an attorney. But I am SO glad I called you instead. Your people were always helpful, pleasant and responsive at every step along the way. You represented us with honesty and integrity and made a traumatic experience as painless as it could be. And best of all, you helped us get a settlement that was fair and far more than I could ever have negotiated on my own! I highly recommend Wattel &York to anyone who has suffered a personal injury.”

Cathy M.

“I was the passenger in a vehicle that was 'T- Boned' at an intersection in 2014. The issues of responsibility and recovery became a difficult and convoluted confusion. I really needed help. This Team at Wattel and York walked me patiently and encouragingly through difficult months, sorting through issues and finally arriving at a satisfactory conclusion. I especially want to name two great and encouraging "warriors" of Wattel and York who directed me along the way..Brian Torba and Melissa Patterson..to them and the whole team I say "Thank You" with heart felt gratitude. Sincerely, God Bless You.”

Robert G.

“Honesty. Integrity. Transparency. Partnership. Wattel & York brought all of these qualities and more to my accident case. I'd love to thank all of the team members who helped me with the process: David Guzman, who conducted the initial interview in my home, Aly Shomar-Esparza, who seamlessly guided me through paperwork and filings, Debbie Harrach, who conducted final review, paperwork revisions and scheduling, and Thomas Grisoni, who counseled me before and attended my deposition. I never felt alone during the arduous process and always knew there was a professional team looking out for my best interest. I highly recommend Wattel & York if you are unfortunately involved in an accident that was not your fault.”

Russ W.

“I was a passenger in a car that got t-boned a few years ago and got a huge gash. I didn't know a lot about lawyers, so I basically just picked one on the flip of a coin. I called Wattel and York and they explained everything, I went into the office and filled out paperwork. Got treatment on my gash over the time I worked with them, glad I did as it opened back up a couple times and bled. They did really good, got me the maximum amount of money, and made sure I was well taken care of. I was updated from time to time so that was good. The only thing I might change is I never got to thank or talk to my lawyer. I think it was because I was already used to dealing with the lady at their Glendale office so they just kept her as my point of contact. So it's okay, I'll thank them with a good review. The last thing I could say about them is months after I thought my case was over they called me and said they had another check for me for a few hundred dollars. Apparently, they negotiated with the hospital I went to after the accident. It was a nice surprise and shows they really had my interests in mind.”

Trent B.

“Wattel & York has been great for me in the past few years. I was involved in a really bad accident while I was on Active Duty in Yuma, Arizona and they have been patient with me every step of the way through a very long process. I would recommend them to anyone thank you for all your help.”

Levy G.

“Appreciate David taking the time to speak with me. He was most kind. From the front line with the receptionist, to him, the firm was a class act all the way around.”

Claire B.

“Dave Wattel represented me and my son on a Personal Injury case from a motor vehicle accident back in 2009. Jake P. handled my deposition and Dave did the Quarterbacking. The insurance company hired NFL referee Ed Hochuli's firm to try and deny our claim. But Wattel & York made it look as easy as Tom Brady on the football field. The result was more than acceptable and my son and I were compensated for our injuries and rehabilitation. Dave Wattel cares about his clients. If I ever find myself in a situation like this again, Wattel & York will be on speed dial!!”

Vince C.

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2175 N. Alma School Rd #B-107 Chandler, AZ 85224

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4901 W. Glendale Avenue Glendale, AZ 85301

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Phoenix

2942 N. 24th Street, Suite 105 Phoenix, AZ 85016

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2933 N. Campbell Ave. Tucson, AZ 85719

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1102 S. 4th Avenue Yuma AZ, 85364

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260 Newport Center Drive, Suite 100 Newport Beach, CA 92660

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6314 19th Street West, Suite 15 Fircrest, WA 98466

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