The appraisal procedure is used only when the amount of the loss,not the cause of the loss,is in dispute.

Name: The appraisal procedure is used only when the amount of the loss,not the cause of the loss,is in dispute.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The appraisal procedure is a method of resolving disputes between the insured and insurance company over the value of property damage or loss. It is not used to determine the cause of the loss, only to determine the amount of loss.

The Appraisal Procedure Is Used Only When the Amount of the Loss,not