Frequently Asked Questions

 An appraiser is a professional who assesses the value of property, such as real estate, personal property, or insurance claims. They provide an unbiased estimate based on market data and other relevant factors. 

 The appraisal process typically involves the following steps:

1. Selection of Appraisers: Each party selects an appraiser.
2. Independent Appraisals: Both appraisers conduct independent assessments.
3. Comparison and Negotiation: The appraisers compare their findings and try to agree on a value.
4. Involvement of an Umpire: If they cannot agree, an umpire is appointed to make the final decision.

 Appraisers should have relevant certifications and training, such as being a Certified Insurance Appraiser (CIA) or Certified Property Insurance Appraiser (CPIA). They should also have experience in the specific type of property they are appraising.

 An umpire is needed when the two appraisers cannot agree on a value. The umpire reviews both appraisals and makes a binding decision. 

 An umpire should have extensive experience in appraisals and dispute resolution. Certifications like Certified Insurance Umpire (CIU) or Certified Property Insurance Umpire (CPIU) are often required.

 Yes, appraisers and umpires must adhere to state-specific laws and regulations. They must also follow ethical guidelines and standards set by professional organizations

 An appraisal benefits the insured by ensuring a fair and accurate property loss valuation, providing an unbiased expert opinion, promoting transparency, resolving disputes without costly litigation, offering peace of mind, and often leading to a quicker settlement. 

Many insurance policies include an appraisal clause, which allows either party to request an appraisal if there’s a disagreement over the value of a loss. This process involves both parties selecting an appraiser, who then works together to determine the value of the loss, often with the help of an umpire if they can’t agree.

We offer free policy reviews and can confirm if your specific policy allows for appraisal.