Insurance Expert Witnesses

Insurance experts are often called to serve as expert witnesses in court cases involving matters of insurance appraisal or valuation. Expert witnesses for these types of cases must have a comprehensive understanding of the ins and outs of the insurance industry, including regulations and policy restrictions. When providing their testimony, experts typically assess the specific coverage at hand and determine whether or not the proper appriasal and/or valuation procedures were followed in order to determine an accurate worth on a property claim. Insurance experts can also be used to help establish negligence by an insurer in evaluating a claim. This can involve litigation regarding misrepresented values, delayed payment processing, unfairly denied claims or other suspect behavior that occurred during the process of appraising a loss correctly. An expert witness is usually necessary for these matters as they offer insights from their industry knowledge which attorneys may not have due to lack of experience. Having an experienced insurance expert witness present during any court proceedings related to appraisal or valuation is critical for ensuring that both sides receive fair representation when it comes determining value on requested damages recoveries . The presence of an impartial third-party offers assurance that all parties involved will receive just compensation based on industry standards protocols and accepted practices related appraising losses sustained by a policyholder due to unfavorable circumstances or events beyond their control.