Appraisal and Umpire Services
What is an Insurance Appraisal?
Most insurance policies have an “Appraisal Clause”.
“If you and we fail to agree on the amount of loss, either one can demand that the amount of the loss be set by appraisal. If either makes a written demand for appraisal, each shall select a competent, independent appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial umpire. If the two appraisers are unable to agree upon an umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an umpire. The appraisers shall then set the amount of the loss. If the appraisers fail to agree within a reasonable time, they shall submit their differences to the umpire. Written agreement signed by any two of these three shall set the amount of the loss.”
Appraisers
An insurance appraiser is a competent and disinterested party hired to represent either an insurance company or an insured during a dispute.
Umpires
An insurance umpire is a competent, disinterested, impartial individual who is charged with making a decision regarding the value of a property or the amount of property loss.
Our team of experienced appraisers and umpires have an extensive history of mediating and settling disputed claims expediently and fairly. Contact us to see how we can help you.
