How is a disagreement regarding the percentage of loss between the insured and insurer resolved?

The appraisal process is the designated method for resolving disputes concerning the percentage of loss between the insured and the insurer. This process involves both parties agreeing to hire independent appraisers who evaluate the damage or loss and determine the value of the claim. If the two appraisers cannot come to an agreement, they can also select an impartial umpire to help make the final determination. This structured approach offers a way to provide an objective assessment, ensuring that both parties have a fair opportunity to present their case and that the resolution is grounded in an unbiased evaluation.

Using the appraisal process is typically more efficient and less costly than pursuing legal action, and it helps preserve the business relationship between the insured and the insurer by avoiding adversarial litigation. This is why it is the preferred method for addressing such disputes in crop insurance matters.