Alternative Dispute Resolution (adr)


Definition of "Alternative dispute resolution (adr)"

Priscilla Figueroa real estate agent
Priscilla Figueroa, Real Estate Agent Keller Williams Realty of Manatee

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.

 

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