Mediation or Appraisal. If there is a dispute with respect to a claim under this policy, either you or we may:
a. Request a mediation of the loss in accordance with the rules established by the Florida Department of Financial Services. The result of the mediation is binding only if both parties agree, in writing, on a settlement and you have not rescinded the settlement within 3 business days after reaching settlement. You may not rescind the settlement after cashing or depositing the settlement check or draft we provided to you.
b. Request an appraisal of the covered loss if we fail to agree on the amount of the loss. Both parties must agree to the appraisal process. In this event, each party will choose a competent and impartial independent appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge of a court of record in the state where the “residence premises” is located. The appraisers will separately set the amount of the loss. If the appraisers submit a written report of an agreement to us, the amount agreed upon will be the amount of the loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will set the amount of the loss.
(1) Pay its own appraiser; and
(2) Bear the other expenses of the appraisal and umpire equally.
Mediation or Appraisal. If you or we fail to agree on the amount of loss, either may:
a. Demand a mediation of the loss in accordance with the rules established by the Florida Department of Financial Services. The results of the mediation are binding Only when both parties agree, in writing, on a settlement and, you have not rescinded the settlement within 3 business days after reaching settlement. You may not rescind the settlement after cashing or depositing the settlement check or draft we provided you.
Mediation or Appraisal. If there is a dispute with respect to a claim under this policy, you or we may:
1. Demand a mediation of the loss in accordance with the rules established by the Department of Financial Services. The loss amount must be $500 or more, prior to application of the deductible; or there must be a difference of $500 or more between the loss settlement amount we offer and the loss settlement amount that you request. The settlement in the course of the mediation is binding only if both parties agree, in writing, on a settlement and, you have not rescinded the settlement within 3 business days after reaching settlement. You may not rescind the settlement after cashing or depositing the settlement check or draft we provided to you.
2. Request an appraisal of the loss. However, both parties must agree to the appraisal process. In this event, each party will choose a competent appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge of a court of record in the state where the “residence premises” is located. The appraisers will separately set the amount of the loss. If the appraisers submit a written report of an agreement to us, the amount agreed upon will be the amount of the loss. If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will set the amount of the loss.
a. Pay its own appraiser; and
b. Bear the other expenses of the appraisal and umpire equally.
Mediation or Appraisal. If you or we fail to agree on the claim settlement, either may:
a. Demand a mediation of the loss in accordance with the rules established by the Florida Department of Financial Services.
b. Request an appraisal of the loss. In this event, each party will choose a competent and impartial independent appraiser within 20 days after receiving a written request from the other.
(1) Pay its own appraiser; and
(2) Bear the other expenses of the appraisal and umpire equally.
Mediation or Appraisal. If there is a dispute with respect to a claim under this policy, either you or we may:
a. Request a mediation of the loss in accordance with the rules established by the Florida Department of Financial Services. The result of the mediation is binding only if both parties agree, in writing, on a settlement and you have not rescinded the settlement within 3 business days after reaching settlement. You may not rescind the settlement after cashing or depositing the settlement check or draft we provided to you.
b. Request an appraisal of the covered loss if we fail to agree on the amount of the loss. Both parties must agree to the appraisal process. In this event, each party will choose a competent and impartial independent appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an
(1) Pay its own appraiser; and
(2) Bear the other expenses of the appraisal and umpire equally.
Mediation or Appraisal. If you and we fail to agree on the amount of loss, either may:
Mediation or Appraisal. With respect to coverage provided by this endorsement, the Mediation Or Appraisal Condition is replaced by the following:
Mediation or Appraisal. Appraisal and the last paragraph of the condition is deleted. The following replaces the first sentence:
Mediation or Appraisal. If you and we fail to agree on the amount of loss, either may:
a. Demand a mediation of the loss in accor- dance with the rules established by the De- partment of Financial Services. The loss amount must be $500 or more, prior to ap- plication of the deductible; or there must be
(c) premises; or The necessary amount actually spent to repair or replace the dam- aged building. loss settlement amount we offer and the loss settlement amount that you request. The set- tlement in the course of the mediation is binding only if both parties agree, in writing,
Mediation or Appraisal. If you and we fail to agree on the amount of loss, either may:
a. Demand a mediation of the loss in accordance with the rules established by the Florida Department of Financial Services. The loss amount must be $500 or more, prior to application of the deductible; or there must be a difference of $500 or more between the loss settlement amount we offer and the loss settlement amount that you request. The settlement in the course of the mediation is binding only if both parties agree, in writing, on a settlement and, you have not rescinded the settlement within 3 business days after reaching settlement. You may not rescind the settlement after cashing or depositing the set- tlement check or draft we provided to you.
b. Demand an appraisal of the loss. In this event, each party will choose a competent appraiser within 20 days after receiving a written request from the other. The two appraisers will choose an umpire. If they cannot agree upon an umpire within 15 days, you or we may request that the choice be made by a judge
(1) Pay its own appraiser; and
(2) Bear the other expenses of the appraisal and umpire equally.
