Common use of HOW IS PROPERTY DAMAGE COVERED BY THE INSURANCE POLICY ASSESSED Clause in Contracts

HOW IS PROPERTY DAMAGE COVERED BY THE INSURANCE POLICY ASSESSED. If the damage cannot be determined privately between the parties, it is assessed using amiable and mandatory expertise, on condition of our respective rights. Each party chooses their own expert. If these experts cannot come to an agreement, they will call on a third expert, all three coming to a majority decision between them. In the event of the failure by ourselves or yourself to appoint an expert, or if the 2 experts fail to come to an agreement on the choice of a 3rd expert, the appointment is made by the President of the court of first instance of the place where the Claim event occurred. This appointment is made by a simple request signed by at least one of us, the party who has not signed is summoned to the expertise by registered letter. Each party pays their expert’s costs and fees and, when applicable, half of the third expert’s fees.