The Umpire's Role in Texas Appraisals
For those of you unfamiliar with insurance-related appraisals, appraisals are supposed to provide a quick and easy way to resolve insurance disputes. Most insurance policies provide that after an insurance company has had the opportunity to adjust a claim, if the two sides disagree on the amount of the loss, they each can select an appraiser to represent them. Those two appraisers then attempt to resolve the dispute on their own. If the two appraisers cannot resolve the matter completely, they submit their
Keeping with the theme of looking at total loss standards across the union, I turn my attention this week to Delaware. While Delaware was more fortunate in avoiding catastrophic destruction than nearby states New Jersey and New York, it is still important to have a solid grasp of what a total loss really is in case devastation strikes.
For those of you unfamiliar with insurance-related appraisals, appraisals are supposed to provide a quick and easy way to resolve insurance disputes. Most insurance policies provide that after an insurance company has had the opportunity to adjust a claim, if the two sides disagree on the amount of the loss, they each can select an appraiser to represent them. Those two appraisers then attempt to resolve the dispute on their own. If the two appraisers cannot resolve the matter completely, they submit their