George E. Reede, Jr. and Jessica E. Pak | Claims Journal Appraisal and arbitration are similar – and different. Are they so similar that appraisal can be called a form of arbitration, or are they so different that appraisal is a thing unto itself? And most important, the next time you contemplate demanding appraisal –… Continue reading Viewpoint: Is Appraisal an Arbitration? Yes and No. Maybe. Sort of.
Tag: Insurance Appraisals
The Pitfalls and Opportunities of Appraisals
Patricia McHugh Lambert and Selin Demir | Pessin Katz Law I was dumbstruck. After all, the person that I was speaking to was an attorney, smart and well versed in many areas of insurance. I had just told him that insurance professionals needed to have updated knowledge on the intricacies of appraisals and the appraisal… Continue reading The Pitfalls and Opportunities of Appraisals
New Policy Forms May Call For Umpire and Appraiser Credentials
Advise & Consult, Inc. It seems that some new property insurance policy forms may require additional criteria for determining the qualifications of appraisers and umpires. Here are some details from State Farm’s new California property insurance policy: f. To qualify as an appraiser or umpire for a loss to property described in COVERAGE A –… Continue reading New Policy Forms May Call For Umpire and Appraiser Credentials
Demanding Insurance Appraisal in a Timely Manner
Advise & Consult, Inc. Insurance appraisal is becoming a more and more popular alternative dispute resolution option concerning the amount of a covered loss. However, while appraisal clauses are often included in property insurance policies, there is rarely given a specific time period in which the property owner must demand appraisal. Courts are repeatedly being… Continue reading Demanding Insurance Appraisal in a Timely Manner
No Expectation of Privacy for Representative of Insurance Company Performing an Appraisal
Denise Marra DePekary and Kenneth Sharperson | Weber Gallagher Simpson Stapleton Fires & Newby Sometimes there is a disagreement between an insurer and an insured regarding the valuation of a property damage claim. To resolve these disputes, many homeowners and commercial property insurance policies contain appraisal provisions that provide an option for the insured or… Continue reading No Expectation of Privacy for Representative of Insurance Company Performing an Appraisal