Fundamentos de Seguro de PropiedadPregunta 285 de 531
After a fire claim, either party invokes the appraisal clause. What will the appraisal decide?
a.The amount of the loss, not whether it is covered
b.Whether the insured breached a policy condition
c.Whether a policy exclusion applies to the loss
d.The premium owed for the remainder of the term
Explicación
Appraisal is a valuation mechanic rather than a coverage forum: each side names an appraiser, the two appraisers select an umpire, and agreement by any two of the three sets the amount of the loss. Coverage questions, such as whether an exclusion applies or a condition was breached, stay with the parties and, if it comes to that, the courts. An insurer that pays an appraisal award normally keeps its right to contest coverage on other grounds.
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