b'RESIDENTIAL & STEEP SLOPEAppraisal is the most cost effective methodof what is truly needed ignoring obvious things to dispute the amount of the loss. Theselike local building codes, shingle condition or disputes often include evaluation of the roofsavailability of materials. In contrast, an appraisal condition, material availability, the extent of thefocuses on what is required to fully restore the damage, and the costs associated with repairsproperty to pre-loss condition without outside or replacement and in most states can disputeinfluence.causation. This means the appraisal panel willReaching a Fair and Accurate Settlement: assess what damage is related to the coveredOnce the appraisal panel has determined the cause of loss like wind or hail without thedamages related to the loss, they have several carriers biased opinions. The appraisal processtools to reach a fair settlement of the loss:is used to challenge the insurance companys They can agree to actual material costs and initial assessment and can even overturn theamounts of materials needed to perform the assessments of their hired experts such asagreed repairs vs having to stick to the insurance their engineers or consultants, ensuring thatcompany required software.the homeowner receives a fair and unbiased assessment of all damages and a fair and They have the authority to agree to the inclusion accurate settlement needed to bring theirof things like Overhead & Profit and supervision.property to pre-loss condition. They can assign proper trade labor or adjust1. Unbiased Assessment of Damage: labor efficiencies within the industry standard One of the biggest benefits of using ansoftware.appraisal is that it provides a neutral, unbiased They can address the added costs for things like assessment of the related damages and properbarricades, limited site access for debris removal repair methods. Insurance companies oftenand even job site offices and security if needed prioritize minimizing payouts, which meansin certain areas for larger commercial projects.that the adjusters report may understate the When there are two independent appraisers damage or recommend repairs that fall shortworking to set the amount of the loss it takes Tracy L. Edwards, CFP,APMAFinancial Advisor CERTIFIED FINANCIAL PLANNER practitionerPlatinum Financial Solutions A financial advisory practice of Ameriprise Financial Services, LLC620.343.7937 702 Commercial St, Suite 1B, Emporia, KS 66801 tracy.l.edwards@ampf.com ameripriseadvisors.com/tracy.l.edwardsCertified Financial Planner Board of Standards Inc. owns the certification marks CFP, CERTIFIED FINANCIAL PLANNER and CFP (with plaque design) in the U.S.Ameriprise Financial Services, LLC. Member FINRA and SIPC.'