An appraisal clause is an important feature in many insurance policies, providing a structured process to settle disputes about the value of a loss. If a policyholder and insurance company cannot agree on the repair or replacement cost of damaged property, either party may request an appraisal. Each side then appoints a qualified, independent appraiser, and together, these appraisers select a neutral umpire.

The appraisers review the damage, compare estimates, and, if disagreements remain, the umpire delivers a binding decision. This process helps avoid expensive, time-consuming litigation while ensuring a fair outcome for both parties. The appraisal clause safeguards policyholders’ rights, encourages transparency, and provides a faster, more cost-effective method of resolving insurance claim disputes.

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