Diminished Value

After an accident, the value of your vehicle is likely to be less than it was prior to the accident. This decreased amount, diminished value, can make re-selling your car in the future difficult – even impossible.

Even if you opt not to disclose the information, Carfax and other services exist to assist buyers in tracing a vehicle’s previous insurance claims. In other words, the diminished value of your vehicle can become public knowledge – and you may wish to seek compensation to make up for this loss.

Chances are, your insurer does not provide coverage for diminished value (few companies do). They are not required by law to do this in most states, including Texas. Regardless, our law firm can strive to help you recover compensation for your vehicle damages.

Through third-party claims and other methods, The Law Offices of Regis Mullen & Shane Mullen, Inc. will work with you to explore any and all options leading to a fair outcome that leaves you satisfied.

For this reason, we encourage you to properly and thoroughly document your vehicle’s loss in value. Then, learn more regarding diminished value claims by requesting a free legal consultation with our Texas law firm.

If you or a loved one is a victim of an automobile accident, call The Law Offices of Regis Mullen & Shane Mullen, Inc. now at (214) 747-5240 or CLICK HERE TO SUBMIT A SIMPLE CASE FORM. The initial consultation is free of charge, and if we agree to accept your case, we will work on a contingent fee basis, which means we get paid for our services only if there is a monetary award or recovery of funds. Don’t delay! You may have a valid claim and be entitled to compensation for your injuries, but a lawsuit must be filed before the statute of limitations expires.