We Are The Appraisers Of Choice For Policyholders In Ontario
An appraisal is a statutory condition that provides a dispute resolution mechanism to resolve a disagreement over the valuation of a property insurance loss. At MPRC we are the appraisers of choice for policyholders when they are not happy with the initial settlement offer from their insurer. Our success at appraisal is based on our extensive experience as property valuation specialists and as restoration advocates – our settlement awards speak for themselves.
We at MPRC recognize that policyholders are not always aware of their contractual rights, responsibilities, and options when making a claim. Therefore it is important that policyholders understand that – they have the:
- Right to question and challenge the insurer’s experts, procedures and estimates.
- Responsibility to retain the expert of choice to manage and quantify the claim.
- Option to request an appraisal to resolve the disagreement over the valuation of their claim.
When the appraisal process is triggered, the policyholders appraiser along with the insurers appraiser will need to select an experienced, impartial and independent umpire that understands construction methods and valuations. The two appraisers will submit their evidence and disagreements to the umpire. The umpire will recommend a valuation based on the best supported evidence. This valuation will become the “settlement award” when one of the two appraisers agrees with the umpires recommended valuation.
As experienced insurance appraisers, we align ourselves with a team of experts to get our clients the Replacement Cost Valuation (RCV) award they deserve. Our extensive construction expertise gives us the advantage, over our competition, in establishing and advocating the best evidence to support the correct settlement award.
Appraisal awards are binding and are required prior to addressing further legal disputes over policy wordings or claim denials. MPRC is affiliated with lawyers and public adjusters to help policyholders address any of the insurers off-coverage positions.
Our appraisal team will help you protect your single biggest investment – your home or building. Call us today at (647) 978-1931 or email us at email@example.com to learn more about how we can help you.
Proudly helping policyholders across all of Ontario with their Insurance Appraisal needs
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Call MPRC before or after you have reported your insurance claim – we work directly for you to protect your biggest investment.