What is appraisal?

Appraisal is when the insurance company and policy holder are in a disagreement and need to have the claim reviewed by a third party.

Does it matter what insurance company you have?

Yes, it does matter. There must be an appraisal provision in the policy that covers your loss for the insurance company to demand it or for you to be able to demand it.

When Can you Demand Appraisal?

In order to demand appraisal, aside from having that provision in your policy,  it can only be used when the claim has been confirmed. Meaning: if the insurance company confirmed the type of damage and coverage, and are paying to repair it, but you want to dispute the amount of money it’s going to cost you to replace or recover the damaged property, then the appraisal process would be appropriate.

What is the Appraisal Process:

If we establish throughout your claims process that we have a clear disagreement, we can demand the dispute be settled through the appraisal process. Each side will hire their own appraisers. After they have completed their investigations, the two appraisers will present their estimates and negotiate a final settlement. Call All American Public Adjusters, Inc to see how we can help you.

Appraisal Clause

“If you and we fail to agree on the amount of loss, either may demand an appraisal of the loss. In this event, each party will choose a competent and impartial appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge of a court of record in the state where the “residence presses” is located. The appraisers will separately set the amount of loss. If the appraisers will separately set the amount of loss. If the appraisers submit a written report of an agreement to us, the amount agreed upon will be the amount of the loss. If they fails to agree, they will submit their differences by the umpire. A decision agreed to by any two will set the amount of loss. ”

Each party will:
1. Pay its own appraiser; and
2. Bear the other expenses of the appraisal and umpire equally.