Many insurance policies have an appraisal clause that can be used to resolve insurance claim disputes. The policy holder and the insurance company each get their own appraiser. the two appraisers agree on an umpire. The appraisers each separately appraise the loss and if the two appraisers can not reach an agreement in the amount of damages, they bring their results to the umpire. The 2 appraiser and the umpire, known as the appraisal panel, then work to come to an agreement on the appraisal award. Any two signatures make the appraisal award binding.

How does this work in real life, well here’s a short fictional story to illustrate…

Once upon a time, there was a man named Mark who had recently lost his home to a terrible fire. He had paid for home insurance for years, so he thought he was well-protected. But when he went to file his insurance claim, he was shocked and disappointed to learn that his insurance company was only willing to pay a fraction of what he believed was the full value of his loss.

Feeling frustrated and worried about how he would recover from such a devastating loss, Mark decided to do some research to learn more about the mysterious and confusing world of insurance claim appraisal. He soon discovered that there were many factors that went into determining the value of his loss, including the type of building materials and life cycle of each material, building codes and the extent of his damages.

Determined to fight for what he believed he was owed, Mark hired a skilled and experienced insurance appraisal consultant to help him navigate the complex world of insurance claims.

Over the course of several weeks, they worked tirelessly to document every aspect of Mark’s loss and to present a clear and compelling case to his insurance company appraiser.

Finally, after many long meetings and careful negotiations, his appraiser consultant was able to secure the full value of his with the insurance company’s appraiser. Mark was overjoyed to be able to replace his home and start rebuilding his life. And he knew that he had learned a valuable lesson about the importance of being informed and empowered when dealing with insurance claims.

In the end, Mark’s story was a powerful reminder that insurance claim appraisal isn’t just about technicalities and paperwork – it’s about real people, with real losses, who deserve fair and compassionate treatment from their insurance providers. And with the right resources and support, anyone can stand up for their rights and protect their financial well-being in the face of unexpected disasters.

If you have a property damage claim and are disputing the settlement made by your insurance company, get a second opinion at no cost. Call Florida Insurance Claim Appraisal at 1-888-554-5012 to find out if you are eligible to settle your insurance claim by appraisal.