When dealing with another person’s insurance company for an accident, many attorneys will simply tell clients that they do not get involved with the property damage part of the claim and that includes diminished value and total loss settlements. In fact, MOST injury attorneys practice this policy on third party cases.
Why do they say this?
Well, normally it’s because there is no way for the attorney to make any money handling the property damages AND make sure the victim gets all their property damage money. Injury attorneys normally do a favor to victims by working on a contingency (normally 1/3 of any settlement), so that means they do not get paid up front, but only when there is a settlement and payout of damages. They don’t have to do this, and an average (not super attorney or specialist) will make at least $150.00 / hour if they bill by the hour. It is a courtesy to work on a contingency, and a bet that your claim will settle at a high enough amount to make it a worthwhile pursuit.