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How the Appraisal Process Works, Step by Step
Many property insurance policies include an appraisal clause, a built in process for resolving a disagreement over the dollar value of a covered loss without going to court. If you have never been through it before, knowing the general steps can make the process feel...Browse the full Resources Index
When Should a Policyholder Consider Invoking Appraisal
When a property insurance claim moves forward, most of the process happens directly between the policyholder and the insurance company. An estimate is submitted, the claim is reviewed, and in many cases both sides reach agreement on the amount of the loss without any...Browse the full Resources Index
Actual Cash Value and Replacement Cost: How the Difference Plays Out in Appraisal
Two figures show up in almost every property insurance claim: actual cash value and replacement cost value. Understanding the difference, and how each one is calculated, helps explain why appraisal panels sometimes spend as much time on valuation as they do on scope...Browse the full Resources Index
