Prompt Payment Statute Penalties Not Applicable to Post-Appraisal Payments

Originally published by J. Ryan Fowler.

Almost every policy I read contains an appraisal clause in it. These clauses often allow one party to demand appraisal to set the amount of loss in an insurance claim. Simply put if the insured and insurer disagree on the dollar amount to fix covered damage the appraisal policy can be used to determine the…… Continue Reading

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