Who is responsible for evaluating a fire insurance claim?

In South Carolina, the parties responsible for evaluating a fire insurance claim are the insurance company representative who is handling the claim, a qualified independent appraisal company, and a judge or jury if necessary. The insurance company representative typically evaluates the claim and makes an initial determination of the damage and cost of repairs. The independent appraisal company, which is chosen by the insured and approved by the insurer, performs a professional analysis of the claim to determine the amount of damage and the cost of repairs. The independent appraisal company has no financial involvement in the result of the claim and acts as an impartial third party in the evaluation. In cases where the insurance company and the insured cannot agree on the value of the damage or the cost of repairs, either party may take the dispute to court. In this situation, a judge or jury is responsible for evaluating the fire insurance claim and making a ruling on the dispute. The judge or jury analyzes the evidence and testifies presented by both sides before making a decision.

Related FAQs

What will happen if I fail to submit the necessary documentation to my insurance company?
What are some of the common reasons why a fire insurance claim is denied?
What types of damage are covered by fire insurance?
What restrictions apply to filing a fire insurance claim?
What happens if the fire insurance claim is contested by my insurance company?
What happens if I can't prove my losses with documentation?
What should I do if my insurance company refuses to pay my claim?
Is there a statute of limitations on filing a fire insurance claim?
Can I sue my insurance company if my fire insurance claim is denied?
What is the time limit to file a fire insurance claim?

Who is responsible for evaluating a fire insurance claim?

Related FAQs

Related Blog Posts