Benefits of Insurance Appraisal
Insurance Appraisal is meant to resolve disputes between you, the policyholder and your insurance company. The main purpose of insurance appraisal is to allow a quick and inexpensive resolution of the disputed insurance claim. Appraisal is a form of alternative dispute resolution, and provides the following benefits to the policyholder:
- Saves you money: removes the high costs of hiring Attorneys and Litigating
- Saves you time: allows for a much quicker resolution than filing a Lawsuit
- Saves you stress: takes the burden off the policyholder and allows an Expert of their choice to take over
- Saves you drama: provides a final and binding amount which is immediately required to be paid
Not only that, but the Courts will appreciate as well! Insurance appraisal is preferred by the Florida Courts, as they appreciate the reduction in their docket load. They will also enforce the appraisal clause when an insurance company is attempting to get out of complying.
When hiring an Appraiser, the qualifications are often guided by the insurance policy. These policies typically require the Appraiser to be competent and disinterested.
Competency is generally defined as someone who has the knowledge and experience to calculate the damages for the specific issues in the claim dispute. Therefore, licensed public insurance adjusters are typically the preference when policyholders look for an Appraiser to resolve their claim. Public Insurance Adjusters in Florida are the highest designation that an insurance professional can have, and these professionals are highly skilled in both damage calculation, negation, and of course are also very well versed in advocating for you, the policyholder!
