6060 Appraisal Group

The 6060 Difference

Our decades of experience related to insurance claims adjusting, cause and origin discovery, estimating, building and contracting give us a well balanced perspective in valuing and appraising an insurance loss. Whether hired as the insurance carrier’s appraiser, the policyholder’s appraiser or serving as the umpire, 6060 conducts appraisals competently and impartially. 

Nationwide

Each state has certain regulations, guidelines and case law related to appraisal; how it is conducted and the effectiveness of the outcome, so it is important to hire a company knowledgeable with your particular state.  6060 Appraisal Group has the experience and the resources to properly conduct an appraisal in any state.

The Appraisal Process

01.

Disagreement

A dispute arises over the value and/or extent of an insured loss between the insurance carrier and insured.

02.

Invocation of Appraisal

Either party, in writing, demands appraisal based on the policy language. Each party will assign a competent and impartial appraiser to value the loss.

03.

Panel Assembly

The two appraisers will select an umpire to be the 3rd party on the appraisal panel. The two appraisers will each inspect, document and value the loss in an attempt to reach an agreement on their positions. If the two appraisers come to an agreement, they will set the amount of loss and execute the appraisal award.   

04.

Invocation of Umpire

If the two appraisers are unable to agree, the umpire will be invoked to rule on the differences of the two appraisers.

05.

Final Decision

Once the differences of the two appraisers have been resolved in the eyes of the umpire, 2 of the 3 members on the appraisal panel will sign and execute the appraisal award OR 3 out of 3 members will unanimously agree on the award. 

06.

Appraisal Award

The appraisal award is then delivered to the carrier with a minimum of 2 signatures to apply coverage and submit payments concluding the appraisal process.  

Some Numbers

Our Accomplishments

1
Losses Appraised
0
States Serviced