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Gaming the System: The Appraisal Process

Gaming the System: The Appraisal Process

Texas policyholders struggling to have their valid claims paid in full and on time are forced to resort to the courts. But, often insurers are escaping accountability and gaming the system by using the last trick up their sleeve: the appraisal process. 

Many Texas judges have gutted these consumer protections by treating 11th-hour property appraisals as a kind of get-out-of-jail-free card. Faced with insurers who drag out and lowball claims, these judges don’t impose any penalties so long as the insurer invokes — and pays — a last-minute appraisal of the damages. 

- Shannon Loyd, For the Express-News

Read the article here.

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