Marvin suffered a fire loss at his residence. The claim representative valued several antiques at a very low price. Marvin refuses to settle his claim with his insurer. Which one of the following is Marvin's recourse?

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Marvin suffered a fire loss at his residence. The claim representative valued several antiques at a very low price. Marvin refuses to settle his claim with his insurer. Which one of the following is Marvin's recourse?

A. Marvin's only recourse is to sue the insurer for coverage and damages to the property.

B. Marvin may follow the appraisal provision in the policy to settle the dispute over the value of the damaged property.

C. Marvin may obtain a quote from a certified antique dealer to determine the value the insurer must pay.

D. Marvin may choose to arbitrate the value of the antiques before a judge.

Answer: B

AINS Chapter 6

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