When Is A Party Appointed Appraiser Disinterested

Florida Insurance Guaranty Association v. Branco and limits on who parties can appoint as their disinterested appraiser for loss disputes.

Law360, New York (October 21, 2014) -- Most property insurance policies contain a provision that allows either the insurer or the insured to demand appraisal when the parties fail to agree on the amount of a loss. Appraisal provisions generally require each party to select a "competent and disinterested" appraiser, who in turn selects a "competent and disinterested" umpire. Together, the appraisal panel determines the amount of the insured’s loss — they do not determine coverage or interpret the policy.