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An Umpire is an independent third-party in the Appraisal process, and is typically engaged at the commencement of the Appraisal. In general, the Umpire will only become actively involved in the Appraisal process if the appraisers cannot come to an agreement on the value of the loss.
What we do key takeaways:
- Review the submissions of both appraisers.
- We may also prepare our own analysis.
- An Appraisal Award is rendered when at least two of the three parties agree to a loss value.
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