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Home Insurance Law

Virginia courtroom upholds close to $1.7 million appraisal award in Church Mutual property protection case

admin by admin
2025年4月17日
in Insurance Law
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Virginia courtroom upholds close to $1.7 million appraisal award in Church Mutual property protection case
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Ephesus disputed the insurer’s valuation and invoked the coverage’s appraisal clause, set forth in Type A 100, § C(2) (Jan. 2001). That provision required every get together to nominate a “competent and neutral appraiser,” with a third-party umpire resolving disagreements. The insurer’s appraiser valued the web substitute price at $68,148.78, whereas the church’s appraiser submitted an estimate of $1,692,642.89. The umpire agreed with the upper estimate, leading to an appraisal award that considerably exceeded the insurer’s valuation.

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