Establishes standards for settling motor vehicle insurance claims, requiring insurers to use new OEM parts unless specified conditions are met.

This bill sets standards for settling motor vehicle insurance claims. It mandates that a property insurer estimate and pay a claim based on the cost of new original equipment manufacturer parts unless the owner consents to using aftermarket crash parts or salvaged parts. The insurer must also cover any necessary modifications and defend against related claims. For third-party claims, the insurer must estimate and pay based on new OEM parts unless the owner consents to using aftermarket parts. The insurer must also cover any necessary modifications and defend against related claims.

Establishes standards for settling motor vehicle insurance claims, requiring insurers to use new OEM parts unless specified conditions are met.

This bill sets standards for settling motor vehicle insurance claims. It mandates that a property insurer estimate and pay a claim based on the cost of new original equipment manufacturer parts unless the owner consents to using aftermarket crash parts or salvaged parts. The insurer must also cover any necessary modifications and defend against related claims. For third-party claims, the insurer must estimate and pay based on new OEM parts unless the owner consents to using aftermarket parts. The insurer must also cover any necessary modifications and defend against related claims.