• Ruling on Statutory “Bad Faith” Claim Following Appraisal Award Threatens the Appraisal Process
  • October 9, 2012 | Author: Susan Stryker
  • Law Firms: Bressler, Amery & Ross A Professional Corporation - Fort Lauderdale Office ; Bressler, Amery & Ross A Professional Corporation - Florham Park Office
  • The role of appraisal as a means to resolve first-party property insurance claims has been the subject of some debate in Florida over the last several years. Appraisal provisions initially were incorporated into homeowners insurance policies in order to provide a means by which insurers and their policyholders could efficiently resolve disputes over the amount of a covered loss. The entry of an appraisal award is final and binding with respect to a first-party property insurance claim.