Courts in Georgia have recently ruled in favor of insureds on the issue of diminished value after property losses. (Photo: Shutterstock)

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A federal district court in Georgia has refused to dismiss as untimely a lawsuit against State Farm Fire and Casualty Company alleging that it failed to pay for “diminished value” under a homeowners’ insurance policy. The court found that the plaintiffs had plausibly alleged that the insurer had waived the policy’s one-year suit limitations period. This is the second recent district court decision to reach this conclusion.

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