Illinois HB4160 mandates appraisal rights for disputes over vehicle damage claims.
HB4160 amends the Illinois Insurance Code to require every automobile insurance policy with physical damage coverage to include a provision for appraisal in disputes over the actual cash value or settlement offer. Either the insured or insurer can invoke this process. The bill establishes the Automotive Appraisal Standards Advisory Board to guide rulemaking and enforcement. It sets rules for selecting appraisers and an umpire, cost allocation, and consumer protections. Insurers failing to comply face penalties, including civil fines and potential suspension of their license.
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- Legal Framework
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