The Applied Technical Services Family of Companies (FoC) offers dispute resolution services that help insurance companies determine an asset’s fair value.
Insurance claims can be a stressful process for all parties involved, especially when the insurer and the insured disagree on an asset’s valuation. While these disputes are common, it doesn’t make them any less of a challenge to address. Our appraisers have the credentials, credibility, and experience needed to evaluate circumstances through an objective lens to determine the value of an asset.
What is Dispute Resolution?
In the context of an insurance claim appraisal, dispute resolution is a highly structured process designed to resolve instances where an insurer and a policyholder disagree on the valuation of a loss. Insurance claim appraisals are a type of alternative dispute resolution, which are pathways that allow two parties to resolve their dispute without escalating litigation.
Independent appraisers, such as ATS, conduct thorough and impartial investigations on behalf of one of the disputing parties, and another appraiser conducts an unbiased investigation on behalf of the other party. If the two appraisers can’t agree on the asset’s valuation, they will jointly select an umpire who can help resolve the dispute.
About Our Dispute Resolution Services
Our network of over 1,200 experts specializing in consulting, property condition assessment, litigation support, and forensic services enables us to provide comprehensive advice and guidance to clients in even the most challenging of claim dispute resolution scenarios. Our dispute resolution services are primarily focused on disputes involving residential properties. Our experienced professionals follow detailed steps and procedures, helping them determine the actual cash value or replacement cost value of the claim. The information we gather and present is critical to helping insurance companies establish an asset’s valuation.
The Benefits of the Insurance Claim Appraisals
The insurance claim appraisal process is an effective alternative to litigation. Unlike lawsuits, which can be incredibly costly and time-consuming, insurance appraisals are much more streamlined, often resulting in a resolution in a matter of months. Insurance appraisals are ideal when an asset’s valuation is the source of the dispute, whereas lawsuits can solve disagreements pertaining to policy coverage.
Contact Us
Call +1 (888) 287-5227 or submit an online request form to speak with one of our representatives about our dispute resolution services.
