Appraisal Process

When an insurance claim is covered but the amount of loss is underpaid or disputed, appraisal provides a fast and effective way to resolve the difference. It is a contractual process written into most insurance policies and focuses strictly on the value and scope of the damage, not coverage.

Appraisal can be invoked once a covered loss is acknowledged and there is a disagreement between the insurance company’s estimate and the policyholder or contractor’s estimate. Either party may submit a written demand for appraisal in accordance with the policy. Once invoked, both sides are required to participate.

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Each party selects an independent appraiser who inspects the property, reviews documentation, and evaluates the scope and cost of repairs. The appraisers attempt to reach agreement on the value of the loss. If they cannot agree, a neutral umpire is brought in to resolve only the disputed items. Any decision agreed to by two of the three becomes binding. Umpire involvement is needed in only a small percentage of cases.

Most appraisals are resolved within forty-five to ninety days and cost significantly less than litigation. The policyholder pays their appraiser, the insurer pays theirs, and any umpire fee is typically split evenly.

Appraisal matters because it levels the playing field and provides a clear, efficient path to a fair and defensible claim resolution—without unnecessary delays, legal battles, or added expense

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Call or Text now to see if Appraisal is right for you - 972.974.8281