Meaning appraisal clause
What does appraisal clause mean? Here you find 5 meanings of the word appraisal clause. You can also add a definition of appraisal clause yourself
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appraisal clauseProperty insurance provision allowing either the insurer or the insured to demand a binding appraisal of damaged property in the event of a dispute as to its value and establishing the required appr [..]
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appraisal clauseUsed when the insured and insurer agree that the loss is covered, but the amount of the loss is in dispute. In general, each party selects its own appraiser. If the appraisers cannot agree, they selec [..]
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appraisal clausea provision in an insurance policy for a procedure to be followed in determining the amount of a loss when the insured and the insurer cannot agree
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appraisal clauseAppraisal clause is a provision in an insurance policy that allows the insurer or the insured to demand an independent estimation of a claimed loss. It allows either the insured or insurer to demand a [..]
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appraisal clauseThe clause in an insurance contract providing for an appraisal in case of dispute as to the amount of loss.
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