What does Appraiser mean? Read on to discover the definition & meaning of the term Appraiser - to help you better understand the language used in insurance policies.
An appraiser is a professional who determines the value and cost of an insured item, asset, or personal property. Qualified by education, experience, or training, they assess and estimate the value of existing property, the damages that may be incurred, and cost to repair damages in the event it happens. Moreover, they are essential to insurance companies for their objective evaluations, which factor in claims and benefits paid out.
We hope the you have a better understanding of the meaning of Appraiser.