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insurance policy provides for the right of appraisal should
an insured fail to agree with his/her insurance company
representative's valuation of the loss. Appraisal is a
form of mediation that allows the insured to avoid litigation.
It's intention is to provide a prompt and relatively inexpensive
resolution to a claim that has not been able to be negotiated
and settled through normal adjustment. Both the insured
and the insurance company assign a competent and disinterested
property loss appraiser to represent their side of the
claim. Both sides then mutually agree on an individual
who will serve as an umpire in the process. Both appraisers
present their position to the umpire, and the umpire makes
a just decision based on these opposing positions. The
entire claim is appraised in such a manner. The insured
has the right to agree with this appraisal decision, or
go on to litigation. |
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Appraiser
Services
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Michael
A. Vaughan, P.A., President of Vaughan & Associates,
and his colleagues, have been named as appraiser for the
insured in over 500 losses throughout the United States.
Because we are a Public Adjusting company, we are only
chosen by insureds who find themselves at a crossroads
with their insurance company. We are not chosen by insurance
companies to represent them against insureds seeking appraisal.
This allows us to stay clearly focused on the insured's
interests. |
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Umpire
Services
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Michael
A. Vaughan, P.A., President of Vaughan & Associates,
and his colleagues are also often named as umpires for
the appraisal process. It is because of the integrity
and fairness we have in our business practices that many
insurance companies agree to nominate Vaughan & Associates
as umpires for their appraisals. |
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Fees
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| Appraiser
and umpire services are paid on an hourly basis. If an insured
chooses a representative of Vaughan & Associates to act
as his/her appraiser, then insured is billed on an hourly basis
for this service. If a representative of Vaughan & Associates
is nominated and accepted to be an umpire, then the insured
is responsible to pay 50% of the umpire’s fees. The insurance
company will pay the other 50%. |
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