appraisal clause
noun
: a provision in an insurance policy for a procedure to be followed in determining the amount of a loss when the insured and the insurer cannot agree
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“Appraisal clause.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/appraisal%20clause. Accessed 16 Dec. 2024.
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