When you and your insurance company don’t agree on the value of your loss, the appraisal process may be used to help resolve the dispute.
📌 Key Points About the Appraisal Process
- Focuses only on the amount of loss, not coverage issues.
- Each side selects an independent appraiser.
- A neutral umpire can step in if the appraisers disagree.
- Agreement by any two of the three is binding.
- Typically faster and less costly than going to court.
⚖️ Why This Matters for Homeowners
While appraisal can speed up the resolution of a claim, it may not always work in your favor, especially if your insurance company undervalued your damages from the start. Understanding your rights and whether appraisal applies to your policy is key.
💡 Get a Policy Review
If you have any questions about appraisal, give us a call and we can look at your policy.
📞 407-590-1345
