The New Trend For Handling Disputed Property Claims

 Monday, June 24, 2019

 Canadian Underwriter

What happens when your client’s property is damaged and the insurer disagrees with the claimant on how much work is needed to restore it?

Some of these claims disputes can result in lawsuits, when the claimant brings the insurer to court alleging breach of contract. But the courthouse is not the only place to resolve disputes. Mediation and arbitration can be a quicker and cheaper way for both parties to resolve a dispute, suggests Jeff Reitsma, vice president and practice lead of remediation at 30 Forensic Engineering.

With arbitration, the parties may agree to take their dispute to a private company and agree that the arbitrator’s decision will be binding.
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