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

This bill creates a new right for people injured in car accidents to use an appraisal process to settle property damage disputes with the at-fault driver's insurance company. If an agreement cannot be reached on the cost of repairs, diminished value, or loss of use, either party can demand an appraisal. This process, which involves independent appraisers and potentially an umpire, will be binding on the amount of loss and will apply to insurance policies issued or renewed after January 1, 2027.

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