When a home or business is damaged and the claim reaches an impasse/dispute, the appraisal provision that included in most commercial and residential insurance policies can serve as the best alternative dispute resolution method and will help you to avoid a VERY expensive and VERY time consuming litigation. The Insurance appraisal process results are far more superior and result in MUCH larger settlements than any other dispute resolution such as lawsuit or mediation. Most attorneys will claim you won’t pay a fee with the prevailing party provision but in the end when the "Global Settlement" is discovered; the smoke and mirrors will reveal you may have paid upwards of 50% of the total settlement on attorney fees and other costs.
It is the job of an appraiser to assess and evaluate the damage and provide an impartial, informed estimate of the value of the loss. The policyholder and the insurance company both will have their own independent appraiser assess the damage, and if the two appraisers cannot agree then a third appraiser will be used to resolve the differences. The third appraiser is called an umpire and is either agreed between the appraisers or appointed by a court having jurisdiction. Appraisal boils down to an agreement of two of the three appraisers. (SEE BELOW)
What is a Insurance Appraiser?
Insurance Appraiser are experts on property loss adjustment who are retained by policyholders to assist in preparing, filing and adjusting insurance claims. Employed exclusively by a policyholder who has sustained an insured loss, these professionals manage every detail of the claim, working closely with the insured to provide the most equitable and prompt settlement possible. A Insurance Appraiser inspects the loss site immediately, analyzes the damages, assembles claim support data, reviews the insured’s coverage, determines current replacement costs and exclusively serves the client, not the insurance company.
A recent settlement recovery, the insurance company paid the insured a total of $9,456.80, then hired us to be their Insurance Appraiser and we settled the claim for $1,007,906.04, just under a million dollars in additional "NEW" settlement money. It pays to hire a Insurance Appraiser with the experience, expertise and a proven track record of success.
Hiring our A+ rated Florida Insurance Appraiser means your chances of getting the largest possible appraisal settlement are dramatically increased. Our Insurance Appraiser can be retained to adjust disputes ranging from homeowner insurance claim, condominium claims and commercial insurance claims.
National Adjusters team have been considered top experts and leaders among the insurance claims industry for decades. Our Insurance Appraiser specialize in fire damage insurance claims , water damage claims like pipe breaks / leaks or slab leaks, flood damage claims and an assortment of other property damage claims (we do NOT handle auto claims). Our Insurance Appraiser have also been representing insurance appraisals for policyholders for disputes on theor natural disaster claim such as tornado claims, hail, wildfire, earthquake and hurricane claims.
Understanding the Appraisal Process
Typically, insurance companies include an appraisal or arbitration clause in every policy. The clause stipulates that in the event that the property owner and the insurance company cannot agree on the value of the loss, either party may demand an appraisal and, in some occasions, that both parties must agree to enter into an appraisal.Each party selects an appraiser and the two appraisers — one from the policyholder and one from the insurance company — work together to agree on the value of the damaged property. A mutually agreed-upon or court-appointed umpire will handle any disputes between the appraisers, and any agreement signed by two of the three parties will set the value of the loss. Arbitration is similar except that instead there is a panel of arbitrators that form the position of the umpire in appraisals and the lawyers or advocates for the parties present to the sometimes one person sometimes three panel of arbitrators.
Sometimes there is a disagreement over the insurance company's valuation of an insurance claim. Policyholders often think the only way to settle the dispute is to hire a lawyer. Fortunately, this is not the case. National Adjusters can be hired at act as your Florida "Insurance Appraiser" for Appraisal, which is a method of Alternative Dispute Resolution often found in many homeowner and commercial insurance policies.
The language will often, but not always, state that appraisal is mandatory when properly demanded by the insurer or insured. It is important to have a qualified Appraiser review your policy to determine your options. When properly executed, appraisal is binding on the parties as to the amount of loss only. Appraisal does not determine coverage. If not properly invoked, employed, and/or carried out the process may not be binding, so it is important to select a qualified appraiser and umpire.
Rather than engaging in prolonged and expensive litigation, this alternative dispute resolution process can save both parties significant money and time. Complete has a long-standing record serving as the appraiser for homeowners and insurance companies, as well as the umpire in disputes between the parties.
Whether the damage is due to fire, flood, wind storm, hail or other natural phenomena, Complete has the experience working on residential, commercial, and industrial properties from every angle to know how to resolve discrepancies and disagreements. We are intimately familiar with the actual time and realistic costs of materials it takes to bring a property back to its original state.
Rather than engaging in prolonged and expensive litigation, this alternative dispute resolution process can save both parties significant money and time. Complete has a long-standing record serving as the appraiser for homeowners and insurance companies, as well as the umpire in disputes between the parties.
Whether the damage is due to fire, flood, wind storm, hail or other natural phenomena, Complete has the experience working on residential, commercial, and industrial properties from every angle to know how to resolve discrepancies and disagreements. We are intimately familiar with the actual time and realistic costs of materials it takes to bring a property back to its original state.
The appraisal language in a HO3 policy typically reads as follows:
Appraisal. If you and we fail to agree on the actual cash value, amount of loss, or cost of repair or replacement, either can make a written demand for appraisal. Each will then select a competent, independent, appraiser and notify the other of the appraiser's identity within 20 days of receipt of the written demand. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge of a district court of a judicial district where the loss occurred. The two appraisers will then set the amount of loss, stating separately the actual cash value and loss to each item.
Contact National Adjusters to act as your appraiser. Once hired National Adjusters Insurance Appraiser will invoke the Appraisal clause/provision, the insured's appraiser and the insurance carrier's appraiser will estimate the damage and try to come to an agreement on the amount of loss.
If the appraisers fail to agree, they will submit their differences to the umpire. An itemized decision agreed to by two of these three will set the amount of loss. Such award shall be binding.
Each party will pay its own appraiser and bear the other expenses of the appraisal and umpire equally.
To inquire about the services of National Adjusters to act as your insurance appraiser, please fill out this form below.
When you have a homeowners claim dispue you should have representation right away from a top rated Insurance Appraiser. You will receive more with us representing you than an attorney
Commercial property damage claim disputes are severely underpaid more than most claims. Not using an Insurance Appraiser on a commercial dispute is a mistake. Keep in mind attorneys fees can be upwards of 50% of your dispute settlment
Our Insurance Appraiser have assisted countless condominium associations claims over the years and have obtained multi million dollar appraisal settlements for our clients. The insurance company does NOT want to pay, as your Insurance Appraiser we will make them!
National Adjusters, Inc. may be able to assist you on many types of claim disputes. We help with property damage appraisal and we do NOT handle AUTO claims
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