Chip Merlin | Property Insurance Coverage Law Blog | July 23, 2017 Appraisals can result in losing propositions for policyholders. I often teach that policyholders need to make certain that they do their best during appraisal and not expect a bad award to get overturned. Policyholders need very hardworking, honest, and knowledgeable persons selected as… Continue reading Appraisers Agreeing Not To Include Issues of Loss May Render Policyholders with No Later Recovery
Tag: insurance appraisal
Resolving Disputes Regarding Value of the Loss through the Appraisal Process
J. Robert Keena | Hellmuth & Johnson PLLC | June 13, 2017 With an increase in storm damage events throughout the Midwest, insurers are becoming increasingly frugal when adjusting storm damage losses. In the past, disputes regarding the value of the loss typically involved disagreements on pricing. Today more aggressive practice by insurers on even… Continue reading Resolving Disputes Regarding Value of the Loss through the Appraisal Process
Is a Dispute Over General Contractor Overhead and Profit Appropriate for Appraisal?
Edward Eshoo | Property Insurance Coverage Law Blog | February 22, 2017 In Windridge of Naperville Condominium Association v. Philadelphia Indemnity Insurance Company,1 a federal district court in Illinois recently addressed the issue whether appraisal is appropriate to resolve a dispute over the need for a general contractor to perform repairs following a covered loss.… Continue reading Is a Dispute Over General Contractor Overhead and Profit Appropriate for Appraisal?
How Late is Too Late to Amend Insurance Appraisals?
Summer L. Frederick | Zelle LLP | November 22, 2016 Appraisal clauses have appeared in most first-party property policies for well over 100 years. However, it is only in the last 15 years or so that appraisal has received such enormous attention in Texas. Before 2002, appraisal was almost a nonissue. To illustrate the lack… Continue reading How Late is Too Late to Amend Insurance Appraisals?
Impossibility of Performance Does Not Excuse an Insurer from Appraisal
Christina Phillips | Property Insurance Coverage Law Blog | July 24, 2016 The appraisal process is to provide a plain, speedy, inexpensive and just determination to an insurance dispute. However, as many first party property lawyers and homeowners have experienced, appraisal is not necessarily speedy, inexpensive or just. In fact, many times the insurer will… Continue reading Impossibility of Performance Does Not Excuse an Insurer from Appraisal