Binding Appraisal
A Binding Appraisal is the result produced by the appraisal-clause process. It is binding on the question of vehicle value but does NOT decide coverage, fault, or other policy questions. Once issued, both parties must accept the value and the insurer must pay it (subject to applicable deductibles).
Related terms
Free review first
Need help with a real total-loss claim?
Your consultation and offer review are free. The Appointed Appraiser Service is $495. It includes the Appraisal Research, our appointment as your appraiser under your insurance policy's appraisal clause, determining the amount of loss with your insurer's appraiser, and the appraisal award letter.
At least $1,000 more, or your fee is waived. This applies once we accept your consultation and serve as your appraiser. The starting point is your insurer's offer on the day we accept. If the appraisal award, or a higher offer your insurer makes instead, is less than $1,000 above it, we waive our $495 Appointed Appraiser Service fee. If an umpire is needed, the umpire's fee is separate. We pre-authorize your card only after we accept your consultation, so there's no upfront payment.
Results vary. See terms.