Mediation Agreement

A Mediation Agreement is a written contract between parties to an insurance dispute, typically the policyholder and the insurance company, agreeing to submit the dispute to mediation. Mediation is a form of alternative dispute resolution in which a neutral third party, known as a mediator, facilitates communication and negotiation between the parties to help them reach a mutually acceptable resolution. The mediation agreement typically outlines the rules and procedures for the mediation process, including the selection of the mediator, the confidentiality of the proceedings, and the enforceability of any settlement reached.