Right of Appraisal
Right of appraisal, does such a thing exist? Yes it does, although an insurance company will likely not tell you about it. If your vehicle is damaged, and you cannot agree on the value of the repairs, or the value of the car in the case of a total loss, you can request an independent appraisal. The appraisal clause is in your auto insurance policy, USE IT!
You and the insurance company each hire an independent appraiser to assess the value of repairs or the value of your vehicle in the case of a total loss.
Both appraisers will submit their values independently and try to reach an agreement. If no agreement is reached, a third party will be chosen to evaluate the two values and submit their own if needed. A decision reached by two of the three parties will be binding and final.
Please be aware of your right to dispute an insurance companies offer in a total loss situation or the cost of repairs if the car is repairable. If you have questions or concerns regarding your right to invoke the appraisal clause, contact us and we can put you in touch with an independent appraiser in your area who can guide you on what to do.
**You only have the right of appraisal when you file a claim with your insurance company. If you are a claimant with another company and they are not reasonably compensating you, you need to file a claim with your company. If your company is not reasonably compensating you, then it is time to use the Appraisal Clause.