Sunrise Insurance Appraisal Dispute Lawyer
If you have asked your insurance company for an appraisal and they have denied your request, you are in a very challenging position. It is critical that you understand how a denial will impact you so you can protect your rights and maximize your claim. Insurance companies often refuse to enter the appraisal process because they disagree with coverage details or the scope of loss. Our Sunrise insurance appraisal dispute lawyer can explain your rights and make sure they are upheld at all times.
Why Request an Appraisal for Your Insurance Claim?
The appraisal process is meant to help resolve disputes between insurance companies and policyholders regarding the value of damage or other losses. Any time there is a disagreement, either party can request an appraisal. There is typically an appraisal clause within the insurance policy that grants either party this right.
Submitting a formal written demand letter is the first step when asking for an appraisal. The letter should outline the need for an evaluation based on the terms within the policy and the reason for the request. Each side will then choose an appraiser they want to value the damage. The findings are then submitted to an insurance umpire, an objective third party, who will review the documentation and make a decision.
While obtaining an appraisal sounds fairly straightforward, insurance companies deny appraisals just as they deny claims. This makes the entire process even more difficult for policyholders.
Why Do Insurance Companies Deny Appraisals?
Unfortunately, there are many reasons insurance companies deny appraisals. The most common of these include:
- Excluded events: Your insurance company may argue that the damage was caused by an excluded event. For example, if you state damage was caused by wind but the insurer argues it was from flooding, which is not included in most homeowner’s insurance policies, they may deny the appraisal.
- Late notice: It is important that you provide timely notice to your insurance company. If you do not notify your insurance company within the timeframe outlined in the policy, the insurer may deny your request for an appraisal.
- Disputes over value of damage: You may believe that the damage to your property is a certain amount, but the insurance company may not agree. If there is a dispute about the value of the damage, the insurance company may refuse to enter into the appraisal process.
Our Insurance Appraisal Dispute Lawyer in Sunrise Can Help with Resolution
If you are involved in an appraisal dispute with your insurance company, there are many options that can help you resolve it. At Geyer Fuxa Tyler, our Sunrise insurance appraisal dispute lawyer can explain what these are, including mediation, arbitration, or filing a lawsuit. Our experienced attorney can help you determine which option is best for you and help you navigate the process so you have the best chance of a favorable outcome. Call us today at (954) 990-5251 or fill out our online form to schedule a consultation and to get the sound legal advice you need.