The appraisal process is very important in the world of property insurance, and how those appraisals are handled can make a huge difference in the quality of coverage and the outcome of any subsequent claims. That is why it is so important for any newly discovered damage to be noted during the initial appraisal process.
If appraisers fail to include such newly discovered damage during their assessment of the property and their valuation, they can prevent the policyholder from receiving fair and just payment for any covered losses and even hold up the appraisal process itself. Nearly every property insurance policy includes a provision that covers the appraisal process, and those provisions typically cover disputes between the insured and the insurer regarding the amount of the loss. In cases where the two parties disagree, either party can invoke the appraisal provision and have a disinterested appraiser determine an amount of loss.
If you notice additional damage to your Building Property or Personal Property after filing your claim, you may file a Supplemental Claim. This means, essentially, that you must repeat the documentation and filing process for your original claim, including a Proof of Loss—but only for the newly discovered damage.
Supplemental Claims should start with immediately notifying your adjuster, agent and/or company representative. Once you have completed documentation, present it to your adjuster who may need to make another property visit to verify your loss. more…