Creating a third-party claimant's right to appraisal under automobile liability insurance policies.

Summary

The bill lets anyone injured by another driver’s negligence request an appraisal to settle the amount of vehicle damage, even if their insurance policy doesn’t mention it. It applies to all automobile liability policies issued or renewed on or after Jan. 1, 2027 and gives the insurance commissioner enforcement power. The change aims to give consumers a cheaper, faster alternative to filing a lawsuit.

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