Are you looking for a hassle-free way to settle insurance claims quickly and fairly? If so, MAS Solutions is here to help. Our team of experts specializes in appraisal clause processes, ensuring that you receive the accurate settlement for your claim.

Our process is simple and transparent. We work with you and your insurance company to identify the true value of your property damage or loss. Our appraisers provide an impartial assessment of the damage, and we work to negotiate a fair settlement with your insurance company, or their appraiser.

At MAS Solutions, we understand that navigating the insurance claims process can be stressful and confusing. That’s why we make it our mission to guide you through every step of the way. Our team is dedicated to helping you get the compensation you deserve, so you can get back to your normal routine as quickly as possible.

Don’t let a stressful insurance claim get in the way of your life. Contact MAS Solutions today to learn how we can help you get the settlement you deserve.

In the context of vehicle valuation disputes, insurance policies often mandate a contractually required process called “appraisal” to resolve first-party claim disputes before resorting to legal action.

The policy outlines that if the insurer and the insured fail to agree on the actual cash value or amount of loss, either party can demand appraisal. Once requested, each party must select a competent, independent appraiser within 20 days and notify the other of their identity. If the two appraisers cannot agree on an umpire within 15 days, either party can ask a court of record to select one. The appraisers will then set the amount of the actual cash value and loss for each item. If they agree, the amount agreed upon becomes the amount of the actual cash value and loss. If they fail to agree within a reasonable time, their differences are submitted to the umpire. However, the appraisal panel is not authorized to rule on matters of coverage. The party selecting each appraiser is responsible for their payment, while the expenses of the appraisal and umpire are split equally between the parties.

Here are the simplified steps for using your insurance policy appraisal clause:

Step 1: Let your insurance company know that you want to use the appraisal clause because you can’t agree on a settlement. You can send an email, but it’s best to also send a letter by certified mail to be safe.

Step 2: Each side selects an appraiser to assess the loss, and they each pay for their own appraiser. You should choose an appraiser who is an expert in the area of your dispute and knows the appraisal clause process.

Step 3: The appraisers independently appraise the loss, discuss their findings, and try to agree on a settlement amount. Sometimes a third-party “umpire” is needed to help settle the dispute.

Step 4: If the appraisers can’t agree, they petition the umpire, who reviews the positions of the appraisers and determines the amount of the loss. You and your insurance company share the cost of the umpire.

Step 5: Submit the appraisal award to your insurance company and receive payment for the amount agreed to in the appraisal process. In Washington, the insurer must pay within 15 days.

Using the appraisal clause can help you get a fair settlement for your insurance claim. Just follow these steps and let the experts at MAS Solutions guide you through the process.