What is an Umpire when it comes to insurance claims

Insurance policy may have what is called an appraisal clause included in an insurance policy. An umpire is usually an experienced claims adjuster, general contractor, or judge that is part of an appraisal panel and is brought in when two appraisers that are impartial parties named when an appraisal party in invoked and they are unable to settle. Who is responsible for paying the cost of an umpire? The cost of an umpire is split between the insured and the insurance company. The worst part of having an appraisal clause is either part can invoke, and it is most likely binding!

Property Insurance Umpire is a competent, disinterested, impartial individual who is charged with making a decision regarding the value of a property or the amount of property loss. The use of an Umpire is usually a requirement within an Appraisal clause when the insured appraiser and insurance companies appraiser are unable to reach a settlement.

If you have an appraisal clause, you need to have a public adjuster on your side from the start of the insurance claim process. They can help you document the loss and provide a detailed estimate of all the damages and make sure you are paid from all the portions of your policy that you are due. If an insurance company invokes appraisal, you will be prepared for the most successful outcome.

Call an Experienced Public Adjuster Today! (407) 212-8669