PROPERTY INSURANCE APPRAISAL
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From the Resources Library
How to Know If Your Claim Is a Good Fit for Appraisal
Not every property insurance disagreement is a good fit for the appraisal process, and understanding a few general signs can help you think through whether appraisal might be appropriate for your specific situation. Appraisal is generally designed for disputes...
What Nationwide Appraisal Experience Brings to a Local Claim
Property insurance appraisal involves both general principles that apply broadly and specific rules that vary by state, and appraisers who have worked claims across multiple states often bring a useful, broader perspective to a local claim. Exposure to a range of...
How Major Weather Events Lead to More Appraisal Requests
Large scale weather events, such as hurricanes, hail storms, or widespread wind damage, often lead to a noticeable increase in appraisal requests in the affected areas, and understanding why can provide useful context. Major storms typically generate a large...
Do you have a dispute over a property insurance claim?
Appraisal Resolution is an independent appraiser and umpire focused on objective damage assessment and the fair resolution of property insurance claim disputes. Appraisal is a contract-based process, outlined in the policy’s appraisal clause, for resolving disagreements over the amount of a covered loss. We are based in Minneapolis, Minnesota and work nationwide.
What is Appraisal?
Appraisal is a policy provision found in the loss settlement section of a commercial or residential property insurance policy.
It is an alternate dispute resolution which can resolve disagreement when the insurer and insured do not agree on the amount of loss. It is an alternative to a lawsuit. Appraisal does not address coverage issues but can include or exclude items based on causation depending on the state. Once the appraisal clause/provision is invoked, the insured’s appraiser and the insurance carrier’s appraiser will estimate the damage and try to come to an agreement on the amount of loss. If the appraisers fail to agree, they will submit their differences to the umpire. An itemized decision agreed to by two of these three will set the amount of loss. Such award shall be binding.
Each party will pay its own appraiser and bear the other expenses of the appraisal and umpire equally.
If you are looking for a fair and reasonable Appraiser and Umpire please reach out to us today to learn more.
A fair process ends with a resolution both sides can accept.
ALL PERILS INCLUDING FIRE, SMOKE, WATER, HAIL, WIND, HURRICANE, & BUSINESS INTERRUPTION
OBJECTIVE APPRAISER ENGAGEMENTS NATIONWIDE
NEUTRAL UMPIRE APPOINTMENT FOR APPRAISERS
