Insurance 101 – Chapter 8 – Volume 93 – Rights After an Appraisal Award

When an appraisal award is rendered, the insurer has two options:

• it may challenge the award where the only ground for such  challenge is collusion between the appraisers, some business relationship between the umpire and one of the parties, or the application of an incorrect standard; or

• it may pay the claim within 30 days of the award.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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