Florida Statute 627.7015 governs insurance appraisals in Florida. It allows either the policyholder or the insurance company to request an appraisal if they disagree on the cost of damages.

Insurance appraiser’s procedures:

If the appraisers fail to agree, they will submit their differences to the umpire. An itemized decision agreed to by two of these three will set the amount of loss. Such award shall be binding. Each party will pay its own appraiser and bear the other expenses of the appraisal and umpire equally.

Definition of an insurance appraiser

An Insurance Appraiser evaluates the value of property for insurance purposes. They inspect and assess the condition of a property, calculate its worth, and determine the amount of money needed to repair or replace it in the event of a loss. Responsibilities include inspecting damaged properties, estimating repair costs, and negotiating settlements with claimants.