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Expert Analysis

4 Critical Factors In NY Fire Insurance Appraisal Provisions

By Edward Murphy (March 7, 2019, 3:27 PM EST) -- For the Jackson Five, "A, B, C" may be easy as "1, 2, 3" but the same cannot be said about the appraisal provision included within most fire insurance policies based on the New York standard form fire policy. While the general appraisal provision is simple enough as stated, the devil is in the details and the application of the appraisal provision can vary greatly depending on your jurisdiction. There are some basic factors, however, that should be considered when assessing a demand for appraisal....

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