Who bears the cost of the appraisers in the appraisal process?

In the appraisal process, the costs associated with appraisers are typically shared between the insured and the insurer. This collaborative approach is rooted in the principle that both parties benefit from having their respective interests represented during the assessment of a claim. By agreeing to share the costs, both the insured and the insurer can ensure a fair and impartial evaluation of the loss or damage.

This arrangement encourages cooperation and helps expedite the appraisal process, as both parties have a vested interest in resolving disputes and reaching a fair outcome. Sharing the costs also highlights the nature of the appraisal process, which is designed to be an impartial mechanism for settling disagreements regarding the amount of loss, rather than being a financially burdensome endeavor for either party.