What Is Appraisal Clause?

Appraisal Clause across 2 exams

Appraisal Clause appears on the following exams. Each defines it in the context candidates are tested on:

Personal Lines

A contractual provision allowing either party to demand an independent appraisal of disputed claim values; both parties select appraisers who then select an umpire to resolve disagreements. This is a key dispute-resolution tool tested extensively on property exams.

Public Adjuster

A policy provision that lets the insurer and insured each hire an independent appraiser to resolve a dispute over the amount of loss, with an umpire deciding any remaining differences.