Diminished value claims in Plano
Plano's corporate headquarters district and West Plano neighborhoods are dense with late-model luxury vehicles, and the Dallas North Tollway, SH 121 and US-75 corridors are heavily traveled.
When one of those collisions damages a late-model luxury, exotic or performance vehicle, the owner is usually entitled to recover far more than the repair invoice from the at-fault driver's insurer: the diminished value of the vehicle after repair and the loss of its use while in the shop. Texas law supports both claims. Insurers pay them when the claim is documented by an independent appraisal and presented by a firm that files suit.
Texas rules that govern a Plano claim
- Third-party claim. The claim is against the at-fault driver and their liability carrier. Your own insurer generally does not owe diminished value under a standard Texas policy.
- Two-year deadline. Suit on a property damage claim must be filed within two years of the collision.
- Proportionate responsibility. Recovery is reduced by any share of fault assigned to you, and barred if your share exceeds 50%.
- Where suit is filed. If the insurer refuses to pay, the lawsuit against the at-fault driver is generally filed in Collin County or the county where the driver lives.
The full guide to Texas diminished value law →
Vehicles we see most in Plano
Working with us from Plano
Our nearest office is the Dallas Office at 7700 Preston Rd, Ste. 703, Dallas, TX 75034. Most claims are handled entirely by phone, email and secure upload, and meetings are by appointment. The fee is one-third of the recovery if the claim resolves without suit and 40% if we file, with nothing up front. Fee details.