We’ve been asked the question: What’s the difference between Appraisal vs. Mediation? If you and your insurance company disagree on the value of your claim, fear not; you are armed with powerful tools at your disposal prior to filing a lawsuit.

Appraisal is a clause in most insurance policies where each party selects an appraiser to represent them. The selected appraisers will meet and discuss the claim and attempt to agree on the value. If they cannot agree, they will select an umpire who will decide the value of the claim.

Mediation is a more formal legal process where both parties submit their arguments to a neutral mediator.  Mediation is similar to an informal mock trial in that you will have an opportunity to argue your case to the mediator. One main difference in mediation versus a trial is that you will confidentially speak to the mediator outside of the presence of the insurance company.  The mediator must keep secret anything you wish to not reveal. This presents a great opportunity to explore the strengths and weaknesses in your claim.  The mediator will go back and forth speaking to you and the insurance company in private in an attempt to settle the claim.  The mediator is typically a seasoned trial attorney or retired judge. It is important to note mediation is non-binding unless both parties agree to the settlement.

If the insurance company agrees, you do not need to file a lawsuit in order to have a mediation. We have found in some claims mediation is the quickest, most cost-effective approach to settling a claim and putting money in our client’s pocket prior to filing a lawsuit.

Feel free to contact us for a free consultation and claim review should you have any questions!

 

Writers Information:

Sye J. Broussard, J.D., M.B.A.

Broussard | Dove, APLC

p. 337-419-0000

e. Sye@BroussardDoveLaw.com

4865 Ihles Road | Suite 7 | Lake Charles, Louisiana | 70605

www.GeauxClaimsAttorney.com

Geaux Local | Geaux with Experience | Geaux with Results

 

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