Claim Appraisal Representation
A specialty niche for our company is acting as an claim appraiser in the resolution of disputed claims. When claims reach a standstill in negotiations most policies have a provision for a process called “appraisal of the amount of the loss”. This process involves each party (the insurer and the insured) picking an impartial and qualified appraiser to evaluate the amount of damages to the property.
The two appraisers may or may not have differences in the amount of the loss at the end of the day, but if they do those differences are submitted to a third party known as the umpire. The umpire is someone who is either agreed to by both appraisers at the outset or is appointed by a court. The umpire’s job is to evaluate the differences and make a decision as to what the correct value should be.
Claim Appraisal is designed to be an informal, but binding process. We have served as an appraiser and umpire on numerous losses and Clay Morrison, our company’s president is extremely experienced in this field.