If there is a disagreement on the value of the property or the amount of the “loss,” you may make a written demand for an appraisal of the “loss.” In this event, each party will select a competent and impartial appraiser. From there, each appraiser must notify the other within 20 days of the written demand for appraisal. The two appraisers will select an umpire. If the appraisers do not agree on the selection of an umpire within 15 days, they must request selection of an umpire by a judge of a court having jurisdiction. The appraisers will state separately the value of the property and the amount of the “loss.” If they fail to agree, they will submit their differences to the umpire. A decision agreed to by any two will be the appraised value of the property or amount of “loss.” If you make a written demand for an appraisal of the “loss,” each party will:
a. Pay its chosen appraiser; and
b. Bear the other expenses of the appraisal and umpire equally.