Scope and Value Disputes
Sometimes it is the case that the insurer and insured do not disagree that the loss is covered under the policy, but there is a dispute as to the value of the loss or the scope of the damages. In valuation disputes, a policy holder may have other options prior to litigation including appraisal. An appraisal typically involves selecting appraisers who are competent in the field. If appraisers cannot agree on the value of the loss, an umpire is selected to determine the final appraisal award.
Sometimes, scope and value disputes cannot be resolve prior to litigation, but early expert intervention can assure that your property is protected.
Contact The Lynn Law Firm For A Free Consultation
Over the past 50 years, our product liability attorneys at the Lynn Law Firm have recovered millions of dollars in compensation for clients in Syracuse, Binghamton, Watertown, Utica, and throughout the state of New York. To schedule a free case evaluation, contact us online or call 315-474-1267 today.