Mini-course: Appraisal vs. Arbitration Many courts confuse arbitration and appraisal. Due to that treatment by the courts, the two words are often used interchangeably and can even result in the application of state arbitration codes. In this mini-course, we will differentiate the two terms and how it is used in an insurance appraisal setting. Click …
Negotiations in Appraisal In this course, we will understand the significance of negotiation in Appraisal. What you will learn in this course: Determining Your Client’s BATNA Determining Opposing Party’s BATNA Selecting an Approach to the Negotiation Choosing a Strategy: Adversarial vs. Non-adversarial Approach Summarize Your Argument Stages of Negotiation Process [vc_snc embed_type=”_blank” item_id=”24″ item_name=”negotiations-in-appraisal-scorm12-jp9Fg1md” button=”medium” …
Welcome to the Beta Version of this Course Please wait for the window below to load, and once it does, click it to being the course. Please pay attention to interactive aspects where you must click to continue. Once we have the finalized course installed with the quizzes and course structure, you will have free …
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Introduction: The Appraisal Clause is a provision that functions as an alternative dispute resolution, allowing either the insurer or the insured to demand a binding appraisal of damaged property in the event of a dispute as to its value and establishing the required appraisal procedure. The “appraisal clause” offers a means for a policyholder, or …
Subject Matter Course: Timing Issues in Appraisal When to Demand for an Appraisal Timely demand for appraisal Factors determining the timelessness of an appraisal Cited case: Terra Industries, Inc. v. Com. Ins. Co. of America [Iowa] Timing Issues stemming from Appraisal Demands, Demonstrated Cited cases Butler v. Property and Casualty Ins. Co. of Hartford [Texas] …
A) The Demand 332B) The Appraisal Agreement 336 1. The Agreement to Appraise 336 2. The Agreement to Select an Umpire 341C) Remedies if Appraisal is Wrongfully Refused 344D) Failure of Appraisal Pursuant to the insurance contract, the appraisal demand must be in writing. The demand must be clear and unambiguous, such that a person …
Pursuant to the Standard Fire Policy, “An award in writing, so itemized, by any two when filed with this company shall determine the amount of actual cash value and loss.” The award must be in writing and sufficiently clear so that a reasonable person could comprehend its conclusion. The award must be signed by at …
