By The Restoration HQ desk · · filed under Claims & Coverage
The Portofino appraisal fight heads to appeal
A closely watched appraisal dispute (Portofino) is heading to appeal, with implications for how the appraisal process, the main alternative to litigating a disputed claim amount, gets used and bounded.
FORAppraisal is still your fastest path to a fair number on a disputed scope, so learn the process cold and use it before you ever think about a lawyer.
AGAINSTIf appraisal keeps getting litigated and narrowed, the one fast remedy operators had is turning into another slow legal fight.
Consensus vs. contrarianContrarian: most operators treat appraisal as a black box, the ones who actually understand the mechanics (and watch cases like this) win disputes the rest settle cheap.
Sources Merlin Law Group, www.propertyinsurancecoveragelaw.com/blog/po… ()