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Expert Analysis

2 Insurance Rulings Showcase Trend Favoring Appraisal

By Matthew Weaver and Jessica Gopiao (November 30, 2021, 3:55 PM EST) -- In the insurance world, the appraisal remedy, when invoked timely and in the right case, is an important tool toward promptly and efficiently resolving complex commercial property and homeowners' insurance claims. Similar but narrower than arbitration — its contractual cousin — appraisal at its most basic is an extrajudicial method of determining the amount of loss under a property insurance policy....

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