Appraisal Law: Liberty Bell Moving and Storage Inc. v. Transguard Insurance Co. of America Inc.

Insurance news from Maine!

A Federal District Court has ruled that an Insurer’s right to appraisal was not waived by its seven-and-a-half month delay in demanding appraisal after the policyholder filed its lawsuit. The Court found that no conduct on the part of the insurer was deemed sufficient to waive the insurers contractual right to appraisal. The insurer’s motion to compel appraisal and to stay proceedings was allowed, but the court set a two-month deadline for the parties to complete the appraisal process.