Many times homeowners and business owners find themselves in disagreement with the insurance company on the extent of damages, or the amount of money it will cost to repair the damages. When the insurance company refuses to bend, you have the option to demand appraisal.
The Appraisal Clause, also know as The Appraisal Provision, allows you to have third parties voice their opinion on the damages, and amount to be paid. It's been described sort of like court arbitration, but without courtrooms, lawyers, and judges.
Most Policies Have the Insurance Appraisal Clause.
Don't be afraid to invoke appraisal; it is your right. Your hired appraiser will explain the appraisal process to you, and keep abreast any all progress and changes.
Coming to an agreement with the insurance company will save you some time, if they are willing to be fair, and you are satisfied with the results of your own negotiating skills. If this doesn't happen, and you feel defeated, don't lose hope. Read through your policy and see if appraisal is an option.
Appraisal prices vary, depending on where the properties are located, extent of damages, length of time involved, etc. Appraisers are paid by the hour sometimes, and then other times they are paid by the job. There again, it depends on many factors. It is the home owner or business owner's (the insured's) responsibility to pay their appraiser; but the difference in funding to repair your claim counterbalances the expense; it comes out of money that you never would have had. Please call us for a better approximation of costs. You don't have to take the insurance company's word for how much your damages are worth. If you feel that you need more money to get back to pre-loss status, it's best to use a public adjuster or to invoke your right to appraisal. Begin by finding your policy, and giving us a call. We have professional and experienced public adjusters and appraisers on staff ready to take on your claim!