Illinois Federal Court Holds Appraisal Precludes Suit Over Valuation Dispute
The District Court for the Northern District of Illinois recently reaffirmed that a policyholder is bound by a validly issued appraisal award and cannot sue when it disagrees with the amount of the award. In July 2020, the policyholder, a condominium association, presented a claim to its carrier for damage to roofs and other building …
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