Tale Of The Texas Appraisal Provision

Law360, New York (February 4, 2014, 2:04 PM EST) -- A long time ago in a land far, far away, property insurers and their insureds recognized that not every insurance dispute necessitated the expense and headache of a full-blown lawsuit. The result of this recognition was the birth of a new creature, the appraisal provision.

This new creature, inserted into property insurance policies, gave insurers and insureds an efficient and effective means of resolving a dispute over the amount of a covered loss when both parties agreed on all issues other than the cost to repair...
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