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How Appraisal Works
One process, the same from every seat at the table. What the appraisal provision resolves, what it does not, and what happens at each stage.
The process, stage by stage
Each stage below links deeper into the library.
The disagreement. The dispute is about the amount of the loss, not whether it is covered. The demand. One party invokes the appraisal provision of the policy. Two appraisers. Each party selects an appraiser, and each appraiser forms an independent opinion of the amount of loss. The umpire. The two appraisers select an umpire for the differences that remain; when they cannot agree on one, a court can appoint one. The award. The process concludes when any two of the three panel members sign the award. After the award. With the amount of loss resolved, the parties complete the claim under the terms of the policy.
Questions the process raises
The library answers these in plain language, whoever is asking.
Wondering whether appraisal fits the situation?
Reach out and tell us about the file. We serve as appraiser, umpire, or consultant, whichever party appoints us.