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Jeremy from Shine Insurance discusses appraisals with Bill Pfrommer from Pfrommer Appraisals Inc. Bill explains that an appraisal is a professional appraiser's opinion of value, distinguishing it from a home inspection. He clarifies that an appraisal is not a home inspection, which involves a detailed examination of a home's components to identify issues. Instead, appraisals focus on determining the value of the property rather than assessing its condition. This differentiation is common among those unfamiliar with the appraisal process, highlighting the unique roles of appraisers and home inspectors.