Appraisal of Loss. If YOU do not agree with US on the amount of loss, either party may demand an appraisal of the loss. In this event, within sixty (60) days after the date a CLAIM is filed, each party will select a competent appraiser. The two appraisers will select an umpire and separately state the actual cash value of the VEHICLE and the amount of loss. If the appraisers fail to agree, they will submit their differences to the umpire. Each party will: a) pay their chosen appraiser; and b) bear the expenses of the umpire equally. An appraisal shall not act as a waiver of OUR rights or YOUR rights under this Agreement.
Appraisal of Loss. The Appraisal of Loss section is not applicable. Agreement Cancellation and Refunds If YOU have made a CLAIM or if YOU cancel more than sixty (60) days after the purchase date, YOU or a person authorized by YOU will receive a prorated refund of the purchase price, less a $50 administration fee, which represents the actual cost needed to issue and service the Agreement. State Disclosure THIS AGREEMENT IS SUBJECT TO LIMITED REGULATION BY THE OFFICE OF THE COMMISSIONER OF INSURANCE.
Appraisal of Loss. Upon receipt of notice of loss or damage in accordance with Section 3.01, the Corporation shall appoint an adjustor who shall inspect the loss or damage within 30 days of the occurrence of such loss or damage. In circumstances where the amount of loss or damage cannot be determined within the 30 days, the Corporation may defer such claim until the loss or damage can be accurately determined to the satisfaction of the Corporation.
Appraisal of Loss. If the Named Insured and Underwriters do not agree on the amount of a Loss, each party shall select and pay an appraiser or other qualified expert (the “Appraiser”) to state the amount of the loss or reasonable expenses, and the Appraisers shall choose an umpire. If the Appraisers cannot agree on an umpire, the Named Insured or the Underwriters may request a judge of a court having jurisdiction to make the selection. Each Appraiser shall submit the amount of the Loss or reasonable expenses to the umpire, and agreement by the umpire and at least one of the Appraisers as to the amount of a Loss shall be binding on all Insureds and Underwriters. The Named Insured and Underwriters will equally share the costs of the umpire and any other costs other than the cost of the Appraisers. This provision shall govern only the appraisal of the amount of a Loss, and shall not control the determination of whether such Loss is otherwise covered by the Policy. Underwriters will still retain and do not waive their rights to deny coverage or enforce any obligation under this Policy. FPC-B RECOVERED PROPERTY If the Insured or Underwriters recover any property, money or Data Assets after a loss payment is made, the party making the recovery must give prompt notice of the recovery to the other party. If the recovered property is money or other funds, the recovery shall be applied first to any costs incurred by Underwriters in recovering the property, second to loss payments made by Underwriters, and third to any Retention payment made by the Named Insured. If property other than money or funds is recovered, then the Named Insured may keep the recovered property and return the loss payment, plus the any costs of recovery incurred by Underwriters, or keep the loss payment less the costs of recovery incurred by Underwriters and transfer all rights in the property to Underwriters.
Appraisal of Loss. If the Named Insured and Underwriters do not agree on the amount of Consequential Reputational Loss, each party shall select and pay an appraiser or other qualified expert (the “Appraiser”) to state the amount of the loss or reasonable expenses, and the Appraisers shall choose an umpire. If the Appraisers cannot agree on an umpire, the Named Insured or the Underwriters may request a judge of a court having jurisdiction to make the selection. Each Appraiser shall submit the amount of the Consequential Reputational Loss or reasonable expenses to the umpire, and agreement by the umpire and at least one of the Appraisers as to the amount of Consequential Reputational Loss shall be binding on all Insureds and the Underwriters. The Named Insured and Underwriters will equally share the costs of the umpire and any other costs other than the cost of the Appraisers. This provision shall govern only the appraisal of the amount of Consequential Reputational Loss, and shall not control the determination of whether such Consequential Reputational Loss is otherwise covered by the Policy. Underwriters will still retain and do not waive their rights to deny coverage or enforce any obligation under this Policy. All other terms and conditions of this Policy remain unchanged.
