|
Obtaining the services of a state-licensed appraiser is a great idea but the license doesn't have to be from any particular state. It is just a credential as to the appraiser's expertise. In reality, no license in even necessary to do diminished value appraisals. Indeed, most of the independent appraisers say they are certified or some other nonsense but very few are licensed anywhere.
To answer your question, insurance companies pay out thousands of dollars every day for third-party diminished value claims.
|