Appraisal Property Claims Loss

How to select a Qualified Appraiser?

Article by Neal Mcloughlin

 

Well obviously, choose me!

But lets just for argument say I am busy and you need to select proper representation in Appraisal. Here is what you should look for.

We all know or should at this point if you have been reading my blog. As one source put me to sleep with “The insurance appraisal process for property claims can be an effective and efficient way for insurance claim disputes to be settled. Choosing an unbiased independent appraiser to represent your claim will be the most important choice during the appraisal process. Your selection should be strategically and carefully considered because it could mean the difference between having enough money to rebuild and restore your property, or not. ” Thanks C3, actually good guys.

OK, wake up time. We get it if you pick the wrong Appraiser, you just flushed your money and more important time down the drain. But on the upside, you gave some money to an unemployed public adjuster who was a friend of your adjuster. That’s something, I guess if you are into charity. Continue reading “How to select a Qualified Appraiser?”

Insurance Appraiasal
Property Claims Loss Appraisal

What is Appraisal???

Article by Neal McLoughlin

As an insurance contractor you should know.

Well, sit back here is everything you need to know, for starters.

Appraisal is defined by the International Risk Management Institute Inc out of Dallas, Texas as “Appraisal Clause — property insurance provision allowing either the insurer or the insured to demand a binding appraisal of damaged property in the event of a dispute as to its value and establishing the required appraisal procedure. A few jurisdictions now allow either party to reject the demand for appraisal, as evidenced in state amendatory endorsements for commercial property policies, homeowners policies, or both. Allowing the insurer to reject an insured’s demand for appraisal is disadvantageous for insureds.”

That’s the boring part. Continue reading “What is Appraisal?”