One of the practical advantages often associated with the appraisal process is speed, particularly when compared to resolving a dispute through litigation. Understanding why appraisal often moves faster can help explain its appeal for many valuation disputes.
Litigation generally involves formal court procedures, including filing deadlines, discovery, and often a crowded court schedule, all of which can extend a case well beyond a year in many circumstances.
Appraisal, by contrast, is generally a more direct process focused specifically on the disputed dollar amount, without the broader procedural steps required in a court case, which often allows it to move more quickly.
Because appraisal typically does not require court filings or extensive legal discovery, the time from invoking the process to reaching an award can often be measured in weeks or months rather than years, though this varies by claim complexity.
While appraisal is not the right fit for every dispute, its potential to resolve a straightforward valuation disagreement more quickly than litigation is one reason it is a commonly used tool in property insurance claims.
This article is general education, not legal advice, and rules can vary significantly by state and by policy. If you have questions about your own claim or your legal options, talk with your insurance company, agent, or an attorney familiar with your state’s laws.
Russ Lis is a working property insurance appraiser and umpire based in Minnesota, serving clients nationwide. Have a question about your own claim? Contact Appraisal Resolution.