Rhode Island S2301 amends the unfair claims practices law to require an insurance appraisal by a licensed appraiser for motor vehicle damage.

Rhode Island S2301 modifies the state's unfair claims practices law by raising the threshold for requiring an insurance appraisal by a licensed appraiser from $2,500 to $5,000 for motor vehicle damage. It also eliminates the prohibition on appraisals based on photos of the damaged vehicle. This change aims to ensure more accurate assessments of vehicle damage and potentially improve the fairness of insurance claims settlements. The bill takes effect upon passage.

Rhode Island S2301 amends the unfair claims practices law to require an insurance appraisal by a licensed appraiser for motor vehicle damage.

Rhode Island S2301 modifies the state's unfair claims practices law by raising the threshold for requiring an insurance appraisal by a licensed appraiser from $2,500 to $5,000 for motor vehicle damage. It also eliminates the prohibition on appraisals based on photos of the damaged vehicle. This change aims to ensure more accurate assessments of vehicle damage and potentially improve the fairness of insurance claims settlements. The bill takes effect upon passage.