What is an insurance appraisal?

An insurance appraisal is a process used to determine the value of an insurance claim. It is used to help settle disputes between the insurance company and the insured over the amount of the claim. In Washington, insurance appraisers are licensed and must be appointed by the insurance company. The appraisal process starts when an insured submits a claim to their insurance company. The insurance company reviews the claim and decides whether to accept or deny it. If the claim is accepted, the company may ask for an insurance appraisal to determine the value of the claim. During the appraisal process, the insurance company will appoint an appraiser to evaluate the claim and come to an agreement over the amount of the claim with the insured. The appraiser will review records, estimate the cost of repairs, and may use specialized knowledge or experience in certain areas. They will then make a recommendation to the insurance company and the insured about the value of the claim. The ultimate goal of an insurance appraisal is to come to an agreement over an amount that both the insurance company and the insured agree is fair. An appraisal can help to both save time and money, as it avoids costly legal battles over the amount of a claim.

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What is an insurance appraisal?

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