Law360, New York (September 06, 2012, 12:53 PM ET) -- The meaning of “amount of loss” in the standard insurance appraisal clause is not limited to determining the value of property, according to a recent case by the Minnesota Supreme Court. The majority opinion in Quade v. Secura Insurance, 814 N.W.2d 703 (Minn. 2012) purports to clarify the current scope of appraisal clauses, finding that the appraiser’s duty to determine the “amount of loss” necessarily includes a determination of causation.
In the opinion, the court attempted to navigate the murky area of division of authority between...
Case Study: Quade V. Secura Insurance
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