Virtually all property insurance policies contain an appraisal clause, which outlines the appraisal procedure in broad terms. Those broad terms sometimes do not provide much guidance about the process, or about the effect...more
7/25/2016
/ Appraisal ,
Appraisal Awards ,
Bad Faith ,
Breach of Contract ,
Insurance Industry ,
Insurance Litigation ,
Prompt Payment ,
Property Damage ,
Property Insurance ,
State Farm ,
Statutory Penalties
In Santacruz v. Allstate Texas Lloyds, Inc., 2014 WL 5870429 (Nov. 13, 2014), the 5th Circuit allowed a policyholder to pursue a claim for common law and statutory bad faith even though the policyholder repaired the alleged...more