Insights from the NAIC 2019 Summer Meeting

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Appraisal as an Insurance Policy Remedy

“I Don’t Agree With My Insurance Company’s Damage Offer, Now What?”

Appraisal as an Insurance Policy Remedy

By Michael C. Perlmuter, JD, President & General Counsel

The insurer says, “Okay,” presenting you the workup of a damage estimate and hoping the amount will pass the blink test. But the number isn’t all right with you.

You have tried in good faith to resolve your insurance claim for the significant damage to your business, residential real estate or personal property, but the insurance company offered $x and you want/need/deserve and are actually insured for $x-plus-plus-plus!

What next?

Do you have to accept what your insurer offers?

Or,…

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