ARE YOU CONSIDERING APPRAISAL?
The choice to pursue appraisal over other forms of dispute resolution can be a complicated decision that carries legal consequences.
The insurance company will have experienced lawyers working behind the scenes to protect their interests. Do you?
Contact us to learn more about your dispute resolution options and how we can help level the playing field in a large or complex appraisal.
HAVE YOU BEEN THROUGH APPRAISAL?
While an accepted contractual dispute resolution process on paper, appraisal can quickly get out of hand when insurance companies don’t follow the rules.
An insurer that is liable for the claim must pay interest at a rate that ranges between 10% and 18%.
If your insurance company has failed to pay the interest required by law or has declined to pay a substantial part of the appraisal award, we can help.
Bringing Balance Back to Insurance Appraisals.
The Texas Prompt Payment of Claims Act contains rules and deadlines designed to make the insurance claims process as efficient as possible. Yet over the past ten years, the insurance industry won a handful of appellate decisions that resulted in extensive delay, particularly in the appraisal process.
Even worse, these decisions gave insurance companies immunity for their delay. Our firm took the insurance industry to court, and in 2019 won the landmark Barbara Technologies v. State Farm decision.
As a result, when insurance companies misuse the appraisal process to delay payment of a claim beyond the Texas Prompt Payment of Claims Act deadlines, they must pay interest at a rate ranging from 10% to 18%.
By reaffirming penalties for delay in the appraisal process, Barbara Technologies restored a measure of balance to the claims handling process.
“Will you stop mentioning laws to us who are girded with swords?”
It’s a story as old as time. The insurance industry will deploy experienced lawyers and vast financial strength to avoid complying with laws that require the prompt and fair payment of claims in appraisal.
Raizner Slania has the strength and experience to counter these efforts and guide you through and after a large or complex appraisal. Our resume includes:
- Lead counsel in Barbara Technologies v. State Farm – the leading case in Texas establishing the policyholder’s right to obtain interest on a claim in appraisal
- Co-liaison counsel that led the Hurricane Ike litigation against the Texas insurance industry
- Vast experience handling litigation arising under the Texas Prompt Payment of Claims Act against insurance companies
- Decades of experience combatting “wear and tear,” causation and other defenses often asserted after appraisal
- Decades of experience managing complex appraisals and litigation that follows an appraisal award
- Substantial financial resources available to retain highly qualified experts and consultants during the appraisal process
- Our attorneys are licensed in multiple states and federal courts with experience handling appraisal and post-appraisal litigation throughout the U.S.
- We can work with your public adjuster, contractor, engineer or consultant to form a multifaceted team
Contact Raizner Slania Today & Start Building Your Case
Fill out this form to discuss your case with one of our experienced attorneys
or call us at (844) 456-4823.