It a Twister! The Appraisal Process and the Insurer’s Dilemma

It a Twister! The Appraisal Process and the insurer’s Dilemma by John C. Trimble and Meghan Ruesch was written to give advice to insurance companies on how to handle appraisal.

Many Florida Insurance Companies would rather choose to go to appraisal to avoid costly legal fees. Florida Policy Holders can also take advantage of this insurance policy provision too!

“Most significantly, though, and it bears repeating, an insures cannot simply refuse or ignore an insured’s demand for appraisal, particularly based on a perceived coverage defense.”

Coverage arguments is a complex discussion designed for attorneys, however once the insurance company has a made a positive coverage determination evidenced by making a payment to the policy holder.

Then depending if the insurance policy has the appraisal provision and how it reads, policyholders may be able to take advantage of the appraisal clause.

To better understand some of the complexities to appraisal you may want to read this article that was written to the insurance companies?