What Is the Insurance Appraisal Clause?
The Appraisal Clause is a provision in many homeowners and commercial property insurance policies. It provides a way to resolve disagreements between policyholders and insurers about the value of a covered loss, without the need for legal action.
Instead of going to court, both sides select unbiased appraisers to assess the damage and agree on a fair value. It’s a quicker, less formal alternative to litigation.
Example from the policy:
“If we and you disagree on the amount of loss, either party may make written demand for an appraisal of the covered loss.”
When Is It Appropriate to Invoke the Appraisal Clause?
You should consider using the appraisal clause when:
– There’s a disagreement about the value of the claim, not about whether the damage is covered.
– You want a faster resolution without the hassle of court.
– A valid “dispute” has been established and you’ve met all your post-loss duties as required in your policy.
Things to Consider when Invoking the Appraisal Clause?
There is a Potential for Additional Costs:
– Many Policyholders are not informed or are given vague advice when Invoking Appraisal.
– There may be additional costs such as Umpire Fees, Engineering report (if needed), Foundation Report (if needed), or other Expert Reports (if needed).
-When some Policyholders may have limited funds, these Extra Expenses can be crippling.
How The HomeOwner’s Advocate Can Help
At The HomeOwner’s Advocate, we’ve helped thousands of clients get the fair settlements they deserve — as Public Adjusters and Appraisers. Whether you’re stuck in a dispute or just want expert representation, we’re here to simplify the process.
– We Answer the Phone and Provide Regular Claim Updates
– We Ensure Our Client’s Process runs smoothy without Any Potential Pitfalls
– We Fight to Maximize Your Claim Value
We work with homeowners, business owners, and contractors who trust us to handle the complexities of the insurance process — so they can focus on recovery and rebuilding their lives.
Contact Us Today
If you’re unsure whether the insurance appraisal clause applies to your situation, give us a call. We’re here to help every step of the way.
Let’s talk about your claim.
