Connecticut Insurance Appraisals

What is a Connecticut insurance appraiser? If you have a Connecticut insurance claim and subsequent settlement, a claim appraiser might be needed as part of the Insurance appraisal provision. This process takes place when an insurance policyholder is in disagreement with the insurance company’s settlement. Instead of fighting in court to straighten out the disagreement, the appraisal clause is used for determining a decent final settlement offer. Both the policyholder and the insurance company hire their own insurance appraiser to calculate the cost of damage.

Together, the two hired claim appraisers then work to find a compromise that both the insurance company and the policyholder can handle. By using insurance appraisers, lengthy Connecticut litigation and court appearances are not needed. The job of claim appraisers is to appraise the damages and the cost of an insured loss and work together with the other party’s appraiser to navigate the disagreement and come to an agreed final settlement dollar figure. Generally, we see that the majority of the time the two can reach an agreement. However, on very rare occasions the matter is escalated a step further, and a third party is brought in to act as an umpire and decide which of the two first two appraisers is correct.

A good claim appraiser must be familiar with the insurance industry and the appraisal process. They must attempt to reach an equitable settlement based on what they know and what appears fair and reasonable. If you have an insurance problem in Connecticut, selecting a skilled insurance claims appraiser is your best option to settle a disagreement quickly and fairly. It’s generally recommended that you select an appraiser who is also an experienced independent adjuster or home improvement contractor. That individual should also use the same type of estimating software that is common in the industry. This ensures that everyone is speaking the same language.  The claim appraiser should have the knowledge and tools to accurately review your losses. In addition, insurance appraisers should have superior communication and negotiation skills, working carefully on your behalf.

To help our clients navigate complex market dynamics, Reliable Property Adjusting’s owner and founder, Jeff Erekson, is available to serve as an appraiser or umpire. With years of experience in claims adjusting and negotiation, he understands the estimating software, and he has a deep understanding of critical building components. Jeff also excels at expediting resolutions. He consistently works to help all parties reach a clear understanding of the facts of each claim and the most reasonable resolution.

Contact us to learn more and find out our fee schedule.

To learn more about the in-depth legal aspects of the appraisal process, feel free to read this legal brief on the matter. We use this as a means of navigating the process. Understanding the Insurance Policy Appraisal Clause- A Four-Step Process