What To Know When Conducting Appraisals

Law360, New York (January 4, 2013, 11:58 AM EST) -- Hurricane Sandy claims may lead to disputes on the measurement of covered damages, which may cause policyholders or insurers to seek appraisal for a relatively quick resolution. This article will note some basic issues under New York, New Jersey and Connecticut law, including the timing and procedure for demanding appraisal, the scope of appraisal and the interplay between appraisal and litigation. These states are in accord on most issues, but some differences are noted below.

Timing and Procedure for Demanding Appraisal

A typical appraisal provision gives...
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