Appraisal Services for Policyholders
From time to time policy holders hit a road block in the claim process. The insurance company and policy holder cannot come to an agreement on the scope of damages. Policyholders often back down and give in to the insurance company. Policyholders do have other options, and the right to an appraisal is one of the most effective and practical options available.
In almost every insurance policy there is an appraisal provision, often called the “Appraisal Clause” or “Statutory Appraisal.”
Appraisal Clause – If you and we fail to agree on the amount of loss, either may demand that the amount of loss be set by Appraisal. If either makes a written demand for Appraisal, each shall select a competent, independent appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial Umpire. If the two appraisers are unable to agree upon an Umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an Umpire. The Appraisers shall then set the amount of the loss. If the Appraisers fail to agree within a reasonable time, they shall submit their differences to the Umpire. Written agreement signed by any two of these three shall set the amount of the loss
For More information on this give A. Schoeneman & Co., Inc a call at 1-773-539-7446
Some states do not have licensing for Public Insurance Adjusters. A. Schoeneman & Co., Inc has been called on behalf of large corporations to small Homeowners to act as a consult in this case. Claim Managers and Consultants play a huge role in FEMA claims and A. Schoeneman & Co., Inc is trained to handle any and all types of claims processes.
Ever question if you or your business is insured properly? Get and independent review from someone who is trained in policy negotiation to make sure your exposures are covered.