Here is a quote from a commonly used appraisal clause in personal auto policies:
A. If we and you do not agree on the amount of loss, either may demand an appraisal of the loss.
In this event, each party will select a competent and impartial appraiser. The two appraisers will select an umpire. The appraisers will state separately the actual cash value and the amount of loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be binding.
Each party will:
1. Pay its chosen appraiser, and
2. Bear the expenses of the appraisal and umpire equally
B. We do not waive any of our rights under this policy by agreeing to an appraisal.
If your claim is against the insurance company of another person, then you can still get a professional appraisal to help with the negotiation of your claim, but you’ll have to present your evidence properly and there will be no appraisal clause language in effect so it will really be important to present strong evidence to compel the insurance company to settle with you. Our reports will document every aspect of your vehicle’s fair market value and make the negotiation process easy.
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