This articles discuss specific concerns regarding misinterpretation of the Appraisal Clause in Colorado. The questions is whether appraisers and umpires should be restricted from discussing depreciation within the appraisal clause function. Our opinion is that any amount beyond the amount…
Tag: appraisal clause
The appraisal clause is designed to be a simple and low cost form of mediation in the event of a disagreement on the value of damages; generally limited to property claims. Much like mediation, there are few written rules governing…