Welcome to Warrior Appraisal

PETE@WARRIORAPPRAISALS.COM

DAMAGE TO YOUR HOME OR BUSINESS: WHAT SHOULD YOU DO?

Call an Attorney? Call a roofer? 

Call someone who cares about you! Warrior Appraisal!! We will give you a Fair & Honest assessment of your damage in a detailed estimate with photos and a sketch to support all damages (Interior or Exterior using the preferred estimating platform called Xactimate which is used by your insurance company and their adjusters)

The first step in this process will be accessing the damage and ensuring the damage exceeds your deductible. This is where Warrior Appraisal/Loss Consultants make a full inspection of your home or business from Top to Bottom and everything in between. Once the estimate is completed and there is enough damage to support filing a claim.

As YOUR Building Consultant/Appraiser, we can address all levels of this insurance process with you…

Option 1

With Warrior appraisals, we will provide you (the insured) with a detailed estimate with photos and sketches of the interior rooms or roof to show you the damaged and non-damaged areas in the affected areas. Damages and Photos will be provided to you with a detailed estimate with photo documentation to support the estimate.  The estimate is based on local labor rates and materials to be used. This will ensure a proper evaluation of the costs involved.

A full estimate with photo documentation showing the damages will be presented by Warrior Appraisals, to give the field adjuster with a full explanation to support the reason for those charges and the photo documentation with the photos to support the damages. 

NOTE: Warrior Appraisals will provide an estimate and photos of what the Insurance Company should be allowing for and what the contractor should be charging for. 

If the field adjuster's estimate does not cover or allow for the damages presented to them... you have the right to invoke the Appraisal Clause. 

Appraisal Clause

We are at an impasse… A Difference in the scope of work and pricing of the total job!

From here, invoking the Appraisal Process.

APPRAISAL/ DISPUTE RESOLUTION

Dispute resolution… What is it? How could you benefit by using this appraisal clause in your Insurance policy?

What is Dispute Resolution? Insurance dispute resolution is a process for settling disagreements between insurance companies and policyholders over issues such as the amount due on a claim or damaged areas not being paid in full.

How Is It Done? Resolution methods may include negotiation, appraisal, mediation, arbitration, or, in some cases, litigation. In many instances, professional advocates like public adjusters and lawyers can guide and support this process.

Common Types of Insurance Disputes

Insurance disputes can vary widely, but certain types occur more frequently than others. These include home insurance disputes, which often revolve around compensation for any given peril. (A peril is a specific risk or cause of loss) Perils can include events like Fire, Windstorms, and theft, to name a few…

How do we get to the dispute phase in this process? The first thing is that you filed a claim with your insurance company. For example, you filed a claim for Wind damage to your siding and roof with interior damage to your ceiling due to a roof leak.

The claim adjuster will come out and inspect the property; He will take photos of the exterior documenting the damage to the siding for each elevation. He will inspect the roof. He will mark the damaged shingles and count them, for the total amount of damaged shingles on that slope. He will proceed to the interior rooms that have water stains/damage on the ceiling and walls, and document the damage. He will adjust for these damaged areas.

From this point, the adjuster will create an estimate of all damages. This will be his opinion on the amount of damage we seen during our inspection. The adjuster will write an estimate outlining the damage to each of the affected areas. He will provide this estimate to your carrier.

You will receive a copy of the estimate from your insurance carrier, and the estimate will outline the total cost of repairs for both labor and materials. This is known as the RCV (Replacement Cost Value) it will show the RCV – your deductible and It will also show your ACV (Actual Cash Value) better known as depreciation.

It will look something like this: 

EXAMPLE

RCV $25,555.09 to fully repair and replace the cost of the job.

Deductible $2500 (your deductible may vary). This is your shared portion of the claim.  $25,555.09 -2500.00= $23,055.09

Depreciation: Based on the age of the material... the older the material, the more depreciation.  The newer the material the less depreciation.  example having a $6000.00 depreciation amount. 

 $25,555.09 Damages -2500.00 Deductible = $23,055.09 - $6000.00 Depreciation = a payment of $17,055.09 called an AVC

Note: depreciation will be recovered in full once the  work has been completed for a total of $6000.00

IF ESTIMATE DOES NOT COVER THE ENOUGH MONEY TO COVER THE DAMAGES.... you can invoke the Appraisal process.

Invoking the Appraisal process 

Each party will choose an appraiser and both appraisers will try to settle the dispute for each party. When the 2 Appraisers are named by each party together they will select a Neutral Umpire to preside if the 2 appraisers cannot agree to settle their differences, the Umpire makes a fair settlement for Both Parties.

The 2 appraisers will inspect the property and document the actual damage and write their own position or estimate for the damages. Both parties will have their point of view of how much damage… and how it is to be repaired or replaced. After both parties settle on a fair scope, they will sign a document called the Award.  

This will be binding as both parties will sign the Award, agreeing to the total costs and all repairs to the affected areas.

IF the 2 appraisers cannot agree on the scope of work or cost, the Umpire they have chosen will settle their dispute. The umpire will inspect the property with both appraisers present. Each appraiser will explain their point of view on the damaged areas and how they wish to have repairs or replacements completed. The umpire will decide on the best course of action on the damage. The umpire will render his decision; this will be binding to all parties. Two of the three panel members,  the Umpire and one Appraiser, will have to sign the Award to make it binding.

                        Warrior Appraisals     "We Fight for What you deserve!!"