Lloyd's Market Association Bulletin

LMA24-050-RM| 07 November 2024

Appraisal Amendment Clause

The LMA Worldwide Property Business Panel, in conjunction with US legal assistance and the Property Insurance Claims Group, have produced a model clause proposing a process to resolve disagreements on the amount of a loss via an appraisal procedure.

LMA5661 Appraisal Amendment Clause

Ron Monfries

Executive, Technical Underwriting
ron.monfries@lmalloyds.com