Estimating & Workflow
Appraisal process
The formal way an insurance policy resolves a value dispute. Each side names an appraiser, the two choose an umpire, and the majority of the three sets the value. It is not a lawsuit and often happens before litigation. The policyholder's appraiser relies on the estimate and records to support the value.
Common questions
What does "Appraisal process" mean in Xactimate estimating?
The formal way an insurance policy resolves a value dispute. Each side names an appraiser, the two choose an umpire, and the majority of the three sets the value. It is not a lawsuit and often happens before litigation. The policyholder's appraiser relies on the estimate and records to support the value.
Where does "Appraisal process" show up in a claim?
The term matters on estimates and scopes across the insurance restoration workflow. Browse the glossary for related terms.
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