When do you need an Insurance Appraiser or Umpire?
There are two common instances where an Insurance Appraisal is necessary. The first instance is when purchasing home insurance. An appraisal helps determine the value of your home and its contents so that you can avoid being under-insured or overpaying on your premiums.
The second, is if your home becomes damaged during a covered incident such as flooding or a windstorm and filing a claim is needed. The insurance company will send an adjuster to determine the value of compensation for the property loss. In the event that you do not agree with the claim appraisal you have the right to hire your own Certified Appraiser.
If your Certified Appraiser and the Insurance Adjuster cannot come to an agreement, they will seek out an Umpire. This is an impartial third party that reviews both appraisals and determines the final settlement.