Ellen believes the value of the loss to her home is $30,000. The insur
Ellen believes the value of the loss to her home is $30,000. The insurer has offered $18,000 to settle the loss.
If Ellen and the insurer cannot agree on the value of the loss, which homeowners policy provision specifies how this dispute will be settled?
A) insurer’s option
B) appraisal clause
C) loss payment clause
D) mortgage clause
ANSWER
Answer: B
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