Texas HB722 requires automobile insurers to disclose appraisal methods to policyholders.

Texas HB722 amends the Insurance Code to mandate that automobile insurers provide policyholders with a written explanation of the appraisal methods used to determine the amount of loss. This includes details on procedures, formulas, calculations, and the cost of repairs and salvage value. The provision applies to policies delivered, issued for delivery, or renewed on or after January 1, 2026. The law takes effect September 1, 2025.

Texas HB722 requires automobile insurers to disclose appraisal methods to policyholders.

Texas HB722 amends the Insurance Code to mandate that automobile insurers provide policyholders with a written explanation of the appraisal methods used to determine the amount of loss. This includes details on procedures, formulas, calculations, and the cost of repairs and salvage value. The provision applies to policies delivered, issued for delivery, or renewed on or after January 1, 2026. The law takes effect September 1, 2025.