Appraisal Demand Request

Appraisal Demand Request

WHEREAS: Requesting Party Name: ; Responding Party Name: .

WHEREAS: The parties are bound by a written agreement or insurance policy containing an appraisal provision that permits either party to demand appraisal to determine the amount of loss or value;

WHEREAS: Requesting Party submits this formal Demand for Appraisal to initiate the appraisal process, to obtain an independent determination of the disputed amount, and to define the scope, timing, and payment obligations for the appraisal proceeding.

Claim and Property Details

Date of Loss:    Nature of Loss:

Scope of Appraisal

The appraisal shall determine the amount of loss, cost of repair or replacement, and any other specific monetary items in dispute. The appraisal scope includes on-site inspection, itemized estimate, supporting documentation and photographs, and a written appraisal report stating the appraised amount and methodology used. The appraisers shall adhere to generally accepted appraisal standards and the procedures set forth below.

Appraisal Procedure

Each party shall select a competent appraiser and notify the other party in writing of the appraiser's name, address, and qualifications no later than: .

If the two appraisers are unable to agree on an umpire within days of appointment, an umpire will be selected by mutual agreement or according to the procedure set forth herein. The appraisal award shall be issued within days after the umpire is selected.

Binding Appraisal: Binding    Non-Binding:

Payment Terms

Appraisal Fee Amount: $    Fee Allocation:

Late Payment Fee: . Failure to timely pay required fees may result in suspension of appraisal activities or imposition of reasonable additional costs.

Term and Termination

Effective Start Date:    Expected Completion Date:

Either party may terminate this appraisal request for material breach, failure to pay required fees, or by mutual written agreement. Termination for convenience requires prior written notice of days. Termination does not relieve the terminating party of obligations accrued prior to termination.

Confidentiality

All appraisal reports, estimates, supporting documentation, communications made for the purposes of appraisal, and the appraisal award shall be treated as confidential between the parties and their retained consultants unless disclosure is required by law or court order. Confidential materials may be used solely to resolve the dispute and not for unrelated commercial purposes.

Governing Law

This Appraisal Demand Request shall be governed by and construed in accordance with the laws of the State of , without regard to conflict of laws principles.

Entire Agreement and Remedies

This Demand, together with any incorporated appraisal provisions of the underlying policy or contract referenced above, constitutes the entire agreement between the parties regarding appraisal and supersedes prior oral or written communications concerning the appraisal process. Remedies for breach include injunctive relief, enforcement of appraisal procedures, and recovery of reasonable costs and attorneys' fees where permitted by applicable law.

Notice

All notices shall be in writing and delivered by hand, registered or certified mail, or commercial courier to the addresses provided above and shall be effective upon receipt.

Acknowledgment

By signing below, the undersigned certifies that they are authorized to submit this Appraisal Demand Request on behalf of the party identified and that the information contained herein is true and correct to the best of their knowledge. The undersigned also acknowledges that submission of this Demand initiates the appraisal process as described above.

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