First, a brief overview of the insurance appraisal clause and how a Settlement Dispute Appraiser comes into play. Appraisal is a clause within most insurance policies that allows a process to settle insurance claim disputes. The claim disputes may be about damage to buildings or personal property. Let's say that a policyholder suffers a flood, fire, or tornado to their structure. The insurance company sends an adjuster who determines the damages to be $200,000. However, the policyholder has a contractor that has provided an estimate for $325,000. A dispute between the two parties has begun in both the cost of repairs and the scope of damages. An agreement on the costs cannot be reached. Either the insurance company or the policyholder now has the right to demand appraisal via written request. To resolve such disputes, each party must choose an independent appraiser sometimes know as a Settlement Dispute Appraiser. Insurance Claim Appraisal Services is what we do.
Insurance Appraisal Services Group exceeds in their knowledge of the insurance appraisal process, are experts as Settlement Dispute Appraisers, and is available to represent the facts of the loss on your behalf. To execute the job as a Settlement Dispute Appraiser properly, not only should one be educated in the appraisal process, but one should also be qualified to review the differences between the policyholder and insurance company. Our extensive experience with building repairs, building materials, construction, and the process of insurance appraisal disputes qualifies us as a choice above all. We have extensive knowledge of Xactimate and MSB IntegriClaim. We are capable of reading and understanding the estimates these programs produce and can work professionally with the Appraisal Panel to determine a realistic amount of loss for the claim.
Step 1: Step one of our appraisal dispute process is to obtain as much documentation that is available on the claim being disputed. We will collect a copy of the insurance companies estimate, the policyholder's estimate, as well as any other documentation that is available. We will vigorously review and inspect each estimate line-by-line for discrepancies.
Step 2: Our appraisal dispute process will continue with a complete and thorough inspection of the property that has been damaged. This thorough inspection will be conducted piece by piece and room by room (if any rooms remain). We will conduct this inspection with the two different estimates that are being disputed. With these estimates in-hand during our inspection we can determine if one estimate has missed items to be addressed and/or if the other is excessive.
Step 3: The inspection will include 50 to 300 photos (depending on the size of the loss and extent of damage). These photos will prove and support our findings. The photos will be taken in a manner that supports our position of whether items can be saved or will require replacement.
Step 4: Many rooms or even an entire building may be damaged beyond recognition. In these cases we will conduct an interview with the owners of the property to confirm room layouts, types of wall and floor finishes, electrical items, cabinetry, and more. We will consult and interview both the policyholder and insurance claims adjuster to determine discrepancies. This type of questions and answer session will paint a clear picture of the TRUE value of the damages. The proper value of the claim depends on it's accuracy.
Step 5: All the data collected during our appraisal dispute process will then be programmed into Xactimate estimating software. Xactimate configures and displays the data in the exact format that most insurance companies require. Line by line, piece by piece, the exact square feet of drywall, paint, wallpaper, carpet, etc., will be calculated for a real and accurate cost to settle the claim. In fact, Xactimate is used by more than 70% of insurance companies.
Any items that are in question will be reviewed by our group of engineers, building inspectors, or contractors as additional documentation to support the true repairs. Foundations, brick, support beans, or electrical may require removal and may not meet current building codes. These professionals can advise on ways to keep these types of materials or why they will require replacement.
Step 6: After all this has been completed we will meet with the other parties appraiser and discuss each others findings. In some cases an agreement cannot be reached between the two appraisers. In the event this happens, the two appraisers will submit their differences to the Insurance Appraisal Umpire.
We provide insurance appraisal and settlement dispute services to both insurance companies and policyholders. Choose the method that is right for you.
Policyholders or Their Representatives: If you are a policyholder or you represent an insured and are looking for a settlement dispute appraiser, please continue here.
Insurance Companies: If you work at an insurance company and would like to speak to us about your appraisal needs, please Contact Us Here. or call (919-669-9111) to discuss your appraisal dispute needs.
We provide independent appraiser services in North Carolina (NC), South Carolina
(SC), Georgia (GA), Florida (FL), Alabama (AL), Mississippi
(MS), Louisiana (LA), Texas (TX), Virginia (VA), Maryland
(MD), Delaware (DE), Washington DC, Pennsylvania (PA), New Jersey (NJ), New York (NY),
Ohio (OH), Kentucky (KY), Indiana (IN), and Oklahoma (OK). If you are in need of any type of Insurance Appraisal Services as outlined; please do not hesitate to contact us. We are here
to help you in any way we can.