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I'm currently involved in a lawsuit with my insurance company over damages they did not adequately compensate for. And part of that lawsuit is the diminished value. I got a diminished value appraisal, forwarded it to my lawyer, and he sent the insurance co a demand letter with a copy of the appraisal. They did not respond, so court service has been initiated. If your state has a law on diminished value, by all means, pursue it. Insurance companies will gladly fail to mention it to you so they won't have to pay.
In addition to the above, I had a minor accident some years ago. I was young and didn't know much about the whole diminished value thing. Of course the Geico sure as shit didnt mention anything to me. When I was setting up the appraisal of the new damage, I mentioned to the appraiser this previous accident. He asked if I received DV, and I responded no, I had no idea what it was at the time. He encouraged me to call Geico (which I wasn't even insured through anymore) and inquire about the DV. He stated that you have 3 years to file for DV (in GA at least). I called up Geico, they looked into it, and a week later, I received a check.
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