Umpires in Appraisals
Umpires in AppraisalsAppraisals are a long running method used to settle insurance disputes by determining the amount of loss for a claim. They can be cost effective and beneficial to moving the process along. One note of caution before moving through the appraisal process is ensuring that the appraisal will be enforceable against the insurer. Some newer policies have added language removing the teeth of the appraisal process by allowing one side to disagree with the result and not following through with the appraisal decision.Regardless, the appraisal process can be invoked by either party. Each side can choose their own appraiser. The appraisers can then either mutually agree upon an umpire or they can file a petition with a court to appoint an umpire.