A 3262
Requires automobile insurers to include appraisal provisions in insurance policies.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires New Jersey automobile insurers to include appraisal provisions in their insurance policies. If a policyholder and insurer disagree on the value of a vehicle loss or a settlement offer, they can request an appraisal by a neutral appraiser. The process involves selecting an appraiser, an appraisal of the loss, and potentially an umpire to resolve disputes, with the final decision binding on both parties. This applies to both policyholders and third-party claimants.
Sponsors
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Primary sponsors
Cody Miller
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