&nbps;

 

What is an Appraisal?

Appraisal

[uh-prey-zuh l]

noun

1.

An Appraisal happens just before an insurance Policy is put into effect and is undertaken by the insurance company. The objective of an Appraisal is to determine property’s current replacement cost in the event of a loss. This step is helps ensure that a policyholder is not over- or under-insured.

Share |
 

Related Content

The Best of Both Worlds

The Best of Both Worlds

Here are a few reasons we’ve chosen to be independent.

What is Risk?

What is Risk?

Do you know what Risk is?

Protecting Those Who Matter Most

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.