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We are Experts in Loss of Use Law
At Kohan Law Firm, we have vast experience in laws surrounding diminished value and loss of use.

If you have been in a car accident with your luxury or exotic car that was not totaled but received a significant amount of damage, you may be entitled to more money than you know about. Most insurance companies won’t tell you that you may be able to get a significant amount of money for a diminished value claim. Many people do not even know what diminished value means.

We utilize our knowledgeable network of experts to help recover the damages that ... that you are lawfully entitled to.
 
 
You ARE entitled to receive that $105,000!
What Insurance Companies Don't Want You to Know
The Dirty Secret You Should Know
Diminished Value Secrets
If you have been in a car accident with a newer car that was not totaled but received a significant amount of damage, you may be entitled to more money than you know about. Most insurance companies won’t tell you that you may be able to get a significant amount of money for a diminished value claim. Many people do not even know what diminished value means.

Diminished value is the difference in value between a vehicle with an accident history, and the same vehicle without an accident history. Diminished value is the monetary difference between a car’s pre-accident value and its value after the accident - the automatic loss in value from a collision. Diminished value is very hard to prove, so many times you need to hire an attorney who handles diminished value claims, depending on what state you live in.

Diminished value exists as a real concept in the insurance world and it is paid all throughout the country. Diminished value is the best-kept secret that your auto insurance company hopes you never learn. Diminished value is a reality, even in cases where repairs eliminate all visual evidence of damage. Diminished value is most pertinent in relation to late model cars that have low miles and have suffered structural damage. The amount of repair related diminished value is determined by the overall quality of the repairs.


Diminished Value and Insurance
Insurance companies generally do not acknowledge the right to recover diminished value. Insurance companies would have you believe they are your advocates when in reality they are your adversaries. Insurance companies promise to restore your vehicle back to its pre-accident condition, but fail to define exactly what that means. Nowadays, a vehicle’s crash history is easy to track online, and a history of an accident can cost a vehicle owner thousands of dollars.


Diminished Value and Accidents
The fact that it has been involved in an accident and repaired causes your vehicle to have diminished value. It has been estimated that 55% of consumers would not buy a car that had been in an accident. Although your body shop does an excellent job and your vehicle looks as good as it did before the accident, having been in a collision it’s now much less desirable if you should decide to sell it now or down the road. If you list your car for sale in the newspaper for the Kelley Blue Book Value, the first thing a buyer will ask is “Was this car in an accident?” If your beautiful late model car sustained structural damage, or was repaired with cheap foreign parts, your buyer will likely not pap the same value for it as they would have before the auto accident.
At Kohan Law Firm, we specialize in serving owners of exotic brand vehicles. Our professional expertise allows our clients the best in legal representation. Call us today to meet our team.
Testimonials
"A little know secret"

My Lamborghini Huracan is my baby!  You can imagine the disappointment and stress I was going through when the valet at a restaurant I was visiting damaged pretty much the entire passenger side. I was referred to Tom by the body shop fixing the car. I had no idea that not only the valet people needed to pay for the repairs, but  they also had to pay me for reasonable value of the car for the time it was down and the difference in price of the car before and after the accident. I guess it’s a “little known secret.” Tom took the time to explain the whole thing to me in plain English. During the case, Tom updated me at every step and was always around if I had a question. 
I.S.
"He answered all my questions"

My 2013 Ferrari 458 Spider was damaged at a car wash. I happened to meet Tom at a function a few months after the Ferrari was repaired and I thought the case was closed. Tom explained to me that even though the Ferrari was repaired, we might be entitled to loss of use and diminished value damages. Tom got us close to $100,000 in diminished value and loss of use damages. He answered all of my questions and fought for the highest damages possible. This would not have been possible without his help! We have now had a long standing relationship and I have use Tom’s services for incidents with other cars in the fleet. Appreciate the time and effort you and  your team put into my case!
M.A.
C.E.O., a Los Angeles based exotic car rental company
"accessibility, great results and professional"

I was driving my brand new Bentley less than 2 weeks after I leased it when another driver rear ended me. I was talking to one of my friends and telling him about how little the insurance company was offering me for diminished value/loss of use. He then advised me to contact a lawyer for my diminished value/loss of use claim and referred me to Tom Kohan. We talked on the phone the same day and met later in the week and the rest was taken care of. I ended up getting a much better settlement offer than I was initially offered.  If you get into an accident you should definitely get legal representation, I recommend Tom for his accessibility, great results and professionalism. Great job!
N.D.
"passionate about what he does"

I was unfortunate enough to get into an accident due to negligence of the other driver right before Christmas. From the initial contact to the final conclusion of my  loss of use claim, Tom and his team have been very responsive and provided me with outstanding representation. Given his high profile status, Tom’s approach is very personal and caring. He is very passionate about what he does.
S.D.
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Tel: 310-349-1111
Fax: 888-476-7010


515 South Figueroa St.
Suite 1200
Los Angeles, California  90071

Email: TKohan@MyCarAttorney.com
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The information on these web pages and social media pages is not intended to serve as legal advice or as a guarantee, warranty or prediction regarding the outcome of any particular legal matter.
Laws in each jurisdiction vary significantly and have major distinctions and complexities. Moreover, since the law and the substance of topics covered on this website change frequently, the firm cannot guarantee that the material on this website is current and complete. The information on this website is subject to change at any given time and may be incomplete and may contain errors. A user should not rely on the content of this website without first consulting an attorney. The information on this website is not a substitute for legal advice from a qualified attorney. If a user relies on the material on this website, it is at his or her own risk.
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Tel: 310-349-1111
Fax: 888-476-7010
Email: TKohan@MyCarAttorney.com
515 S. Figueroa St., Suite 1200,  Los Angeles, California  90071