What is property damage insurance appraisal?

Minneapolis, MN commercial litigation attorney Michael Moline talks to us about how property damage insurance appraisal works.

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Phone: (612) 336-9354


Property damage insurance appraisal is a little known but very important element of everybody’s property insurance in Minnesota. When there is a dispute over how much money the insurance company is going to pay to repair damage or how much damage there is to a structure, the way that it is resolved is through property damage appraisal. That is where the insured, the property owner, picks an appraiser that represents his interest, the insurance picks somebody who is the appraiser that represents their interest, and the two select a neutral third who is called the umpire. The three-judge panel then listens to the dispute and comes up with a determination and issues a final binding award.