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California court provides guidance on conducting insurance loss appraisals
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A California court last month issued guidance on how to resolve property insurance claim disputes when the insurer and insured do not agree on the scope of the loss. The guidance was couched in the court’s ruling in a case in which an apartment building owner and his insurance company disputed fire-loss damage values to the building. Read on to find out how the trial court made a mistake in directing an appraisal panel to assign loss values to items without regard to whether they actually were damaged, and for an attorney’s analysis of what this means for California appraisers.
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