When a policyholder and the insurance carrier disagree upon the amount to be paid on a property or liability claim, then upon written request of either party, the dispute may be submitted for an Appraisal Clause or Arbitration. Each party selects an Appraiser. It is then up to the two Appraisers to come to a mutual settlement agreement.
In the event the two Appraisers are not able to reach an agreement, the Appraisers will select a neutral third party known as the Umpire. Each appraiser will be paid by the party selecting him or her, and the umpire expense shall be shared equally by both parties. The parties are bound by the final agreed decision of any two Appraisers or the Umpire.
The Ramirez Law Group, PLLC can provide a service for this process by either being an authorized independent appraiser or Umpire. Whether you’re an Insurance Company or a Private Party, contact our office to schedule your appointment. Learn today how you can benefit from this valuable service.
The Ramirez Law Group, PLLC has an office conveniently located in Phoenix, Arizona but services are available throughout Arizona and New Mexico.
If you are in need of a professional independent appraiser or umpire, email or call us today for a Free Consultation.