In the context of property insurance claims, an appraisal is typically a process for determining what the value of the loss is. Most of these insurance policies contain what's referred to as an appraisal provision, which basically means that either side can invoke appraisal whenever the issue at hand is what is the amount of loss? What is the
value of the loss? What that process is, is that the insurance company appoints someone characterized as an appraiser. You, as the policyholder, appoint your own appraiser, and if the two of them can't figure out or work out what the amount of the loss is, then a third person gets appointed, referred to as an umpire. Whatever two out of the three individuals determine is the amount of loss, generally speaking, that will be the amount of the loss that the parties are bound to.
You can reach Miami Homeowner Insurance Claims Lawyer J.P. Gonzalez-Sirgo by dialing his direct number at (786) 272-5841, calling the main office at (305) 461-1095, or Toll Free at 1 (866) 71-CLAIM or email Attorney Gonzalez-Sirgo directly at [email protected].
