Idaho H0769 establishes appraisals by competent and disinterested appraisers and a dispute resolution process for disagreements between policyholders.
Idaho H0769 amends Idaho Code to require automobile insurers to include a provision in policies allowing for appraisals by competent and disinterested appraisers if policyholders and insurers disagree on the actual cash value or amount of a loss. The bill also establishes a dispute resolution process involving an umpire if the appraisers cannot agree. Each party is responsible for the cost of their own appraisal. The Department of Insurance is authorized to create rules for implementing this section.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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