Section 128 of Ontario's Insurance Act provides an appraisal mechanism for certain disagreements about the value of property or the amount of loss. The applicable policy wording and the nature of the disagreement should be reviewed before the process is invoked.
The Ontario automobile policy wording describes a process in which the insured and insurer each appoint an appraiser.
The appraisal mechanism concerns the amount of loss or value issues within the governing legislation and policy.
The owner should preserve the valuation report, correspondence and supporting evidence.
Confirm that the disagreement falls within the appraisal mechanism.
Each side selects an appraiser under the required process.
The appraisers review the property, documents and valuation positions.
The appraisers agree or refer unresolved differences to the selected umpire.
No. Informal review and negotiation can occur before or outside the formal appraisal process.
No. IA Reports provides appraisal and valuation services. Website information is general and does not replace legal advice.
The appraisal mechanism is generally directed to value or amount-of-loss issues, not every coverage or liability question.
General information only. Policy wording, claim facts and applicable law control. IA Reports does not guarantee a settlement increase or specific result.
Tell us about the vehicle or assignment. Your information and selected documents will be submitted directly to IA Reports.
