Appraisal Law: Owners v. Dakota Station II
Please find a very important INSURANCE DISPUTE APPRAISAL LAW case from the Colorado Supreme Court below.
The Court declared, “Based on the plain meaning of the word impartial, we conclude that the policy requires appraisers to be unbiased, disinterested, and unswayed by personal interest. They must not favor one side more than another. This means no advocacy on behalf of either party.” Thus in Colorado, a party selected appraiser cannot be both partisan and disinterested.
This case will have national implications.