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What is an Insurance Claim Appraisal?
If we and you disagree on the amount of loss, either may make written demand for an appraisal of the covered loss. Each party will select a competent and impartial appraiser and notify the other of the appraiser selected within 20 days of the demand.
Most insurance policies contain a provision which stipulates that either the insurance company or the insured has the right to demand an “Appraisal” if that party disagrees as to the amount of the insured loss. The purpose of the Insurance Claim Appraisal process is to offer both parties to the insurance contract a less expensive and more expedient alternative to going to court in order to reach a settlement. Appraisal has many similarities to binding arbitration but the two processes are not identical. The Appraisal Panel is made up of three participants. Therefore, the insurance company and the insured both select a competent, impartial Insurance Claim Appraiser to represent them in the process. Before the Appraisal Process begins, the appraisers agree to a neutral Umpire. If needed, the umpire will make a final ruling on the differences of the two appraisers.
Our practical knowledge of the insurance carrier’s outlook on property insurance claims will prove most beneficial in moving our clients’ disputes forward toward an equitable resolution with the insurance carriers. We find the Appraisal process, properly utilized, can be a very effective means to properly conclude complex insurance claims. To Visit our “Insurance Claim Appraisal” website click HERE
What is an Insurance Claim Appraiser?
Representation for Insurance Claim Disputes
Unbiased and Competent Insurance Claim Appraisers
We Handle All Types of Property Damage Insurance Claims
Insurance Claim Appraisal
We provide Insurance Claim Appraisal Services to homeowners & business owners across the United States
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