SB458 establishes an appraisal process for disputed losses under personal automobile or residential property insurance policies in Texas.

SB458 amends the Texas Insurance Code to introduce a new chapter on the appraisal of disputed losses for personal automobile and residential property insurance policies. This process is intended to resolve disputes between policyholders and insurers regarding the amount of loss. The appraisal process is binding unless fraud or material mistake is involved. The bill applies to policies delivered, issued for delivery, or renewed on or after January 1, 2026, and takes effect September 1, 2025. It excludes policies from the Texas Windstorm Insurance Association and commercial insurance policies.

SB458 establishes an appraisal process for disputed losses under personal automobile or residential property insurance policies in Texas.

SB458 amends the Texas Insurance Code to introduce a new chapter on the appraisal of disputed losses for personal automobile and residential property insurance policies. This process is intended to resolve disputes between policyholders and insurers regarding the amount of loss. The appraisal process is binding unless fraud or material mistake is involved. The bill applies to policies delivered, issued for delivery, or renewed on or after January 1, 2026, and takes effect September 1, 2025. It excludes policies from the Texas Windstorm Insurance Association and commercial insurance policies.