Understanding the Benefits of Appraisal Services
When property damage occurs, disagreements between policyholders and insurance companies over repair costs are common. Many policyholders are unaware of their options for resolving these disputes—one of the most effective being the appraisal process. This method provides a structured way to challenge unfair settlements and achieve a fair resolution.
How Does the Appraisal Process Work?
Not all insurance policies include an appraisal clause, but for those that do, the process is straightforward:
- Each party selects an independent appraiser.
- The appraisers evaluate the damages and attempt to agree on the amount of loss.
- If they cannot agree, they select an impartial umpire.
- The final decision is made by agreement of any two out of the three.
This process ensures a fair and impartial resolution, avoiding unnecessary litigation and delays.
Is Appraisal Right for You?
Every claim is unique, and not all disputes require an appraisal. If the difference in the settlement amount is minor, appraisal may not be the best financial choice. At Twin Ports Public Adjusting, we specialize in helping policyholders evaluate their options and determine the best course of action.