COVID-19 Limiting Language

From LIA Administrators & Insurance Services


We suggest you review the COVID-19 language that you include in your appraisal reports as the public health emergency ended on May 11, 2023. We can suggest the language below, but it is important that you review additional language that you add to your reports periodically due to changes in your market and the industry.

"The global outbreak of a “novel coronavirus” known as COVID-19 was officially declared a pandemic by the World Health Organization (WHO) on March 11, 2020. Effective May 11, 2023 the COVID-19 pandemic is no longer considered a national and public health emergency in the United States. The reader is cautioned, and reminded that the conclusions presented in this appraisal report apply only as of the effective date(s) indicated. The appraiser makes no representation as to the effect on the subject property of any unforeseen event, subsequent to the effective date of the appraisal. No analysis or opinions contained in this appraisal report should be construed as predictions of future market conditions or value."

With the permission of the Appraisal Institute, appraisers are referred to Appraisal Institute Guide Note 10 (Development of an Opinion of Market Value in the Aftermath of a Disaster) and Guide Note 12 (Analyzing Market Trends) for further guidance and assistance.

Please view Guide Note 10 and Guide Note 12 from the Appraisal Institute


Extra Resources

We have compiled the information below to keep you up to date and fully informed regarding appraiser specific topics relating to COVID-19.

Limiting Liability for Exterior Only and Desktop Appraisals
from LIA Administrators & Insurance Services "Claim Alerts"

Valuation Legal – Free Webinar
Published April 10, 2020. Legal and Risk Issues for Appraisers Stemming from the COVID-19 Crisis

The Appraisal Institute Professional Practice Coronavirus Update
Guidance from the Appraisal Institute.

The Appraisal Foundation - Coronavirus & Appraisers Q&A
Answers to questions regarding Coronavirus and Appraisers.

The Appraisal Foundation - Q&As
Form of guidance issued by the Appraisal Standards Board in regards to USPAP standards.