Who pays for the appraisers and umpire in a policy-invoked Damage Claim appraisal?
Each party pays for their own appraiser. The cost of the umpire and any shared expenses are typically split equally between the parties, though the specific policy language governs.
Can a Damage Claim appraisal resolve disputes about coverage, not just loss amount?
No. The appraisal process resolves only the amount of loss, such as pre- and post-damage value, not questions of coverage, liability, or causation. Courts consistently enforce this distinction to keep the appraisal process within its intended scope.
What documentation should I prepare before invoking the appraisal clause in my policy?
Gather your policy copy, the insurer's claim estimate or denial, photos of the damage and pre-event condition, repair bids, receipts, prior appraisals, and any maintenance records. You should also document the dispute in writing when invoking the clause and identify your chosen appraiser at that time.
How long does the insurance company have to pay after a binding appraisal award is issued?
Payment timelines are governed by state law and typically range from 30 to 60 days after the award is issued, though your policy may specify a shorter window. Because no uniform federal deadline applies, it is worth checking the insurance regulations in your state.