If you don’t believe that your insurance company is offering you the full value of your property losses during the claim adjustment process, you may have the option of invoking the appraisal clause. Pursuing this process is a decision that should be carefully considered and strategically planned. An experienced and trusted public adjuster can explain your options and rights, and will help you navigate successfully through this course of action. Compass Claim Solutions offers top quality insurance appraiser services for business and homeowners who are involved in disputes with their insurance companies regarding a variety of loss claim matters. For more information on our insurance appraiser services, contact us right away to discuss your claim.
Understanding How the Appraisal Process Works
The appraisal process allows the property owner to bring in an independent insurance appraiser to determine the value and scope of the insurance claim. Meanwhile, your insurance company will also select and hire an appraiser of its own.
During the appraisal process, your independent appraiser and the appraiser of your insurance company will select and agree to a neutral umpire who will act as an arbiter or “judge” in the event that they cannot agree on certain valuations. The neutral umpire will make the final determination on the settlement offered.