As it is in many states and provinces within the U.S.A. and Canada there exists a statutory condition that is found in every contract of property insurance stating in these words or other similar words the following:
In the event of disagreement as to the value of the property insured, the property saved or the amount of the loss, those questions shall be determined by appraisal as provided under the Insurance Act before there can be any recovery under the insurance contract whether the right to recover on the contract is disputed or not, and independently of all other questions. There shall be no right to an appraisal until a specific demand therefor is made in writing and until after proof of loss has been delivered.
STEPS OF THE APPRAISAL PROCESS – OVERVIEW
Although each appraisal may be unique in its functionality, however, each appraisal does follow these basic procedural steps:
CERTIFIED UMPIRE:
Mr. Dik Lee is a certified umpire and a member of the Wind Storm Insurance Network.
DISCLAIMER – the contents of this website is for informational purposes only and is not intended to be legal advice and if you have any specific legal questions
you should seek the advice of a lawyer or paralegal or any law society in your jurisdiction.