If you’re filing with your insurer and either of you doesn’t agree with the physical damage loss to your vehicle, either of you may also request for an appraisal. The appraisal works this way:
- You’ll have to choose and pay for a representative appraiser
- Your insurer will choose and pay for their own representative appraiser
- Both appraisers will choose their umpire – a neutral third-party. You and your insurer may split the payment for the umpire
- Both appraisers will hand in their estimates
- Should the appraisers disagree with the estimate, they will be made to submit the difference to the umpire. Any decision made following the said recourse will be binding