google bot detected Alternative Dispute Resolution Adr | Insurance Glossary | Realestateagent.com

Alternative Dispute Resolution Adr


Definition of "Alternative dispute resolution (adr)"

Peggy Sue Welch
  Keller Williams Realty

Many different, unofficial, and voluntary nonlitigation processes employed by insurance companies to resolve contractual disputes with their insureds. Examples would include nonbinding arbitration, simple negotiations between the insurance company and its insured, and mediation by a neutral third party. The objective of this type of dispute resolution is to avoid the substantial expenses that protracted litigation would generate.



Related Real Estate Glossary terms

Related Real Estate FAQ