How to Choose a Competent, Disinterested Appraiser
Not every 'appraiser' qualifies under the policy. Here's what 'competent and disinterested' actually means — and why it matters.
The policy requires each party's appraiser to be both competent and disinterested. Competent means qualified to inspect and price the specific loss — a residential roofer is not competent to price a $2M commercial fire, and a general contractor is not necessarily competent to opine on hurricane-code upgrades in Galveston.
Disinterested is the tougher word. It means the appraiser has no financial stake in the outcome of the award. A contingent percentage of the award almost always destroys disinterestedness and is grounds to challenge the award. Reputable appraisers work hourly against a retainer — roughly $250/hour is common depending on complexity, market, and travel.
Practical checklist: Texas license or credential appropriate to the loss type; membership in a recognized organization such as P.L.A.N., NAPIA, or IAUA; written fee agreement that is time-and-expense, not contingent; clear conflict-of-interest disclosure; and prior appraisal experience the appraiser can describe on the record.