Expert Appraisal Services

Understanding the Insurance Appraisal Clause

The insurance appraisal clause is designed to resolve disputes over the amount of loss in an insurance claim, not coverage. It provides a faster, more structured alternative to litigation, helping policyholders and carriers avoid costly and time-consuming court proceedings.

How the Insurance Appraisal Process Works

Both the insurance carrier and the policyholder select independent appraisers to evaluate the loss. These appraisers review documentation, inspect damages, and attempt to reach an agreement on the value. If they cannot agree, a neutral umpire is appointed to review the differences and issue a binding decision.

This insurance appraisal process promotes fair, unbiased outcomes based on accurate valuations and is commonly used for third-party appraisal, total loss appraisal, and fair value loss appraisal.