What does the appraisal clause in an insurance policy help determine?

The appraisal clause in an insurance policy specifically addresses the process for determining the amount of loss in the event of a disagreement between the insured and the insurer regarding the value of a claim. When a claim is filed, if there is a dispute over how much damage has occurred or the value of the loss, the appraisal clause allows both parties to each select an appraiser. These appraisers work independently to assess the loss and come to an agreement on the value. If they cannot reach a unanimous agreement, an umpire can be involved to help facilitate a resolution. This mechanism is designed to provide a fair and impartial means of valuation, ensuring that the insured is compensated appropriately according to the terms of the policy. Through this process, the appraisal clause effectively helps determine the dollar amount that should be paid for the loss, which is why "the amount of property loss" is the correct answer.