Rhode Island H7521 amends the state's standard fire insurance policy to establish uniform appraisal procedures and payment obligations.

Rhode Island H7521 amends the state's standard fire insurance policy by codifying uniform, transparent appraisal procedures and payment obligations that reflect contemporary claim-handling practices while preserving long-standing consumer protections. The bill specifies that appraisers must be either independent insurance adjusters or attorneys with active Rhode Island licensure. It mandates that appraisers and an umpire be appointed within 15 days, with court intervention if necessary.

Rhode Island H7521 amends the state's standard fire insurance policy to establish uniform appraisal procedures and payment obligations.

Rhode Island H7521 amends the state's standard fire insurance policy by codifying uniform, transparent appraisal procedures and payment obligations that reflect contemporary claim-handling practices while preserving long-standing consumer protections. The bill specifies that appraisers must be either independent insurance adjusters or attorneys with active Rhode Island licensure. It mandates that appraisers and an umpire be appointed within 15 days, with court intervention if necessary.