More Coverage Issues May Go To Appraisal Panels In Minn
January 23, 2015
Most property insurance policies contain a provision that allows either the insurer or the insured to demand appraisal when the parties fail to agree on the “amount of loss.” Appraisal provisions generally require each party to select an appraiser who then selects a competent and disinterested umpire. Together, the appraisal panel determines the amount of the insured’s loss.
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