Insurance Appraisal Dispute Resolution
Insurance Claim Appraisal Basics: How Damage Disputes Get Resolved By Jason Plasters, Principal Building Consultant What Is an Insurance Appraisal in a Property Damage Claim? Insurance Appraisal provides an alternative method for dispute resolution, in lieu of pursuing mediation or litigation when a dispute arises. At a high level, an insurance appraisal is a formal process conducted by competent, experienced appraisers who assess both the extent and value of insurance claim related damages. These experts, appraisers, typically evaluate: Scope and extent of damage Verification of the date of loss Appropriate repair and/or replacement methods Current, local market repair costs and material availability. Their role is to bring consistency and technical accountability to the evaluation, resulting in a complete and accurate valuation for the insurance claim. Why the Insurance Appraisal Process Exists When disagreements arise during an insurance claim, the stakes can quickly escalate—from delays in repair to the risk of