Arbitration
Plain English Definition: Arbitration is a method of dispute resolution outside of court.
What Arbitration really means for someone with an insurance policy
Arbitration allows insurance disputes to be settled privately through a neutral third party, avoiding lengthy and costly litigation.
Arbitration Real World Examples
- Settling a coverage dispute with a health insurer.
- Resolving a claim denial with a homeowners insurer.
- Negotiating a settlement with an auto insurance provider.