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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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