What is the typical time frame for an insurance company to complete an appraisal?

The typical time frame for an insurance company to complete an appraisal is generally within 15 days from the date the claim is filed. This timeline is important as it ensures timely communication and resolution for the insured, allowing for a smoother process in addressing damages and facilitating repairs. Completing the appraisal within this period helps in maintaining customer satisfaction and supports the claims process efficiently.

Insurance companies are motivated to provide prompt service to manage costs effectively and to uphold their reputation. A faster appraisal process can lead to quicker resolutions, which benefits both the insurer and the insured. Therefore, the 15-day frame is established as a standard practice in the industry, making it a critical detail for appraisers and those involved in the claims process to be aware of.