Changes the process by which a dispute between the insured and their insurance company, concerning property damages and requires that the umpire appraisers shall be disinterested and the cost shared equally.
Changes the process by which a dispute between the insured and their insurance company, concerning property damages and requires that the umpire appraisers shall be disinterested and the cost shared equally.
Amends unfair claims practices law by requiring an insurance appraisal by a licensed appraiser where damage to a motor vehicle exceeds $5,000 (from $2,500) and eliminates language that prohibits an appraisal based on photos of a damaged motor vehicle.
Insurance; motor vehicle total loss or damage claim; appraisal process; requiring policies to include certain provision; claim notification; effective date.