Don obtains from Equity Insurance Company a policy that provides that if the parties cannot agree on the amount of a loss covered by the policy, an estimate of the value by an impartial third party can be demanded. This is

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The policy provision that allows for an impartial third party to estimate the value of a loss when the parties cannot agree is called an appraisal clause. This is a common provision found in many insurance policies to help resolve disputes over the value of a loss.

Don Obtains from Equity Insurance Company a Policy That Provides