Appraisal Clause
A provision in homeowner's insurance policies allowing either party to invoke an independent appraisal process when there is a dispute over the amount of a covered loss.
What It Means
A provision in homeowner's insurance policies allowing either party to invoke an independent appraisal process when there is a dispute over the amount of a covered loss. Each party hires their own appraiser. The two appraisers then select a neutral umpire. It's a key tool for Ohio homeowners facing an underpaid roof damage claim.
Appraisal is also the tool Ohio homeowners use when an insurer won't budge on a shingle mismatch. See our guide to Ohio's shingle matching rule for how that dispute plays out.