The appraisal process can be an effective tool in resolving a dispute over damages between an insurance company and the policyholder. The following language is an example of a common appraisal clause:
“If you and we fail to agree on the amount of loss, either one can demand that the amount of loss be set by appraisal. If either makes a written demand for appraisal, each shall select a competent, disinterested appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial umpire. If the two appraisers are unable to agree uponslide1 an umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an umpire. The appraisers shall then set the amount of the loss. If the appraisers fail to agree within a reasonable time, they shall submit their differences to the umpire. Written agreement signed by any two of these three shall set the amount of the loss. Each appraiser shall be paid by the party selecting that appraiser. Other expenses of the appraisal and the compensation of the umpire shall be paid equally by you and us.”
Our team of insurance & construction professionals is available to serve as your appraiser in the insurance appraisal process. We have served as an appraiser for both insurance companies and home & business owners. Our job as your appraiser is to advocate for your position in the insurance appraisal process. Our background & expertise in both the insurance & construction industries will give you an expert to provide you with an accurate evaluation of all of the damages. We will complete a full review of all aspects of the claim including dwelling or building damages, personal or business personal property damages and additional living expenses or loss of income losses that you have sustained. We will put together a complete evaluation to present to the appraisal panel to achieve the best possible outcome for our client.