Escape Clauses Ruin Appraisal Process
Several states have adopted consumer unfriendly commercialproperty appraisal provisions. What these states have done is toremove the teeth from the appraisal provision by makingparticipation in the appraisal process voluntary.
The way the appraisal currently works is this (quoting thecommercial property policy): If the insurer and the insured“disagree on the value of the property or the amount of loss,either may make a written demand for an appraisal of the loss”–andeither and demand are the operative wordshere.
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