When policyholders and their insurance companies disagree on the amount of a property damage or other loss claim, they request an Appraisal, a method of Alternative Dispute Resolution that is set forth in the insurance policy. Both parties will pick an independent expert to examine the claim and determine a value, and that decision is binding. 

The language will often, but not always, state that appraisal is mandatory when properly demanded by the insurer or insured. It is important to have a qualified Appraiser review your policy to determine your options.

When properly executed, appraisal is binding on the parties as to the amount of loss only. Appraisal does not determine coverage. If not properly invoked, employed, and/or carried out the process may not be binding, so it is important to select a qualified appraiser and umpire.

For more information or you need an appraiser call us for a free consultation.