A(n)______ clause in an insurance policy provides that if the parties cannot agree on the amount of a loss covered under the policy or the value of the property lost, an estimate by an impartial and qualified third party can be demanded.

Question

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An appraisal clause in an insurance policy allows for an impartial and qualified third party to estimate the value of the property lost or the amount of a covered loss when the insurer and insured cannot agree on these amounts.

A(n)______ Clause in an Insurance Policy Provides That If the Parties