OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

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A public adjuster in Ohio is handling a large commercial fire loss. The insurer and insured cannot agree on the amount of the loss. Under the policy's appraisal clause, what happens after each party selects their appraiser?

The insurer's appraiser makes the final decision The two appraisers attempt to agree on the loss amount; if they cannot, they select a neutral umpire whose agreement with either appraiser sets the binding amount The claim is automatically denied The policyholder must accept the insurer's estimate

Correct Answer:

The two appraisers attempt to agree on the loss amount; if they cannot, they select a neutral umpire whose agreement with either appraiser sets the binding amount

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