Appraisal Services

An appraisal is similar to binding arbitration and is used in adjusting insurance claims to resolve the complicated differences in your claim of the value of the loss and what the insurance company is willing to pay. An appraisal panel is formed to review the claim submissions and damages. You will select an appraiser to advocate your claim and the insurance company then picks an appraiser to advocate its defenses.  The two appraisers must agree to who will be a fair and impartial Umpire, or a Judge from the court will select an impartial Umpire. A decision of any two of the three becomes binding and the award.  During the appraisal process sometimes industry experts are used to resolve the disputes.  This takes the decision out of the hands of the Insurance Company’s adjusters and even the Judge or jury, which is not familiar with insurance claims. Appraisal resolves the claim quicker than the lengthy process of litigation and at a significantly lower cost to the insured.