The appraisal process has long been a hot button topic for those in the insurance world, and the ramifications are evident to both insured parties and insurers. Many, but not all, states have established precedents that lay out the scope of the appraisal process. For states where the precedents have been laid out, determining the scope is simple enough, but for residents of other states, the process can be quite complicated.
Determining the scope of loss in a property insurance case also means looking at the cause of the damage, something that all property owners should keep in mind. Determining scope of loss, and responsibility, is key to finding a fair and equitable decision, even as insurers and property owners continue to wrestle with the process.