What is the difference between an insurance appraisal and arbitration?
Depending on the insurance policy, many insurance policies will give the option to go through the appraisal process. The appraisal process is when both parties get to select their appraiser, appoint an umpire, and that determines the specific unique set of circumstances pursuant to your policy, typically a valuation of your property damage.
This is different from an arbitration, although it's very similar. Florida law has particular legal distinctions between the two pursuant to case law. But the easy answer is arbitration is presided by an arbitrator that can decide a wider scope of issues than what an appraisal is actually meant to decide.