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Client Alert - It's Complicated: Welcome to Wild World of Appraisals
March 8, 2022
Samuel Gilot
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Insurance Appraisals, Appraisals
In theory, the appraisal process is designed to be a quicker and more cost-effective alternative to litigation in which the insured and the insurance company get down to the crux of most insurance disputes: the amount of loss. When money is involved, things are never so simple. Two recent decisions highlight the continuing appraisal quagmire.