Appraisal is a Scalpel, not a Sledgehammer Appraisal is often central to property insurance disputes, but many people are still unsure about what it actually resolves. Most property policies use appraisal to resolve disputes over the amount of loss. Each party picks an appraiser, those appraisers choose an umpire, and if two out of three agree, that sets the amount of loss. This decision is binding only for valuation. It does not decide coverage, interpret exclusions, or determine liability. Rather
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