What is the role of an Umpire during the appraisal process?

The role of an Umpire during the appraisal process is to offer a final value in disputed property assessments. In situations where there is a disagreement between the insured party and the insurer regarding the value of a claim, the Umpire acts as an impartial third party. Their function is to evaluate the evidence and determinations provided by the appraisers selected by both parties, ultimately making a decision that resolves the dispute. This is crucial because the appraisal process is intended to be a fair and balanced means of reaching an agreement on a claim's value, and the Umpire's input is essential for facilitating that outcome in contentious cases.

This central function distinguishes the Umpire from roles such as signing off on claims, negotiating between parties, or establishing policy limits, which fall outside the specific duties associated with resolving disputes over property valuations.