Mediation is an informal, voluntary, non-binding process for conducting settlement negotiations between you and your insurance company. Mediation can be a fast and cheap way to resolve insurance claim and coverage disputes. However, the insurance carrier will usually not come with the authority to offer a settlement that brings you back to pre-loss condition. Be ready to walk away if they are unwilling to offer a fair settlement. Most likely once you walk away the next step would be to go to litigation.
Make sure you read your policy to see who will be responsible for paying for the mediator. There may be a payment provision covering claim adjustment expenses that you can use to get your insurer to pay for mediation fees.
Going to mediation is a very important decision for a policyholder. If you do not have an Appraisal clause going to mediation may be the last option offered by the carrier. Before exhausting all condition of the policy to reach a fair settlement it would be a good idea to consult a Public Adjuster. Call Experienced Public Adjusters today for a free claim review! (407)-212-8669