They're in parallel, not series. They don't cause a voltage drop.
I'm not entirely clear on how the parallel diodes work myself, nowhere I've read seems to explain it particularly, I just know that it's the accepted method for protecting components from the high-voltage spike due to inductive loads. I believe the diode short-circuits the inductor, allowing the magnetic field to drive a small current back through the inductor, which slows the rate at which the magnetic field collapses and prevents this spike reaching sensitive components elsewhere.
If someone could correct / expand on that it'd be helpful