A New Jersey lawmaker is backing legislation that would require all auto insurance policies in the state to include appraisal clauses, giving policyholders the right to dispute claim settlements.
Senate Bill 4534 (SB 4534), introduced in May by State Senator Paul Moriarty, D-District 4, would mandate that insurance carriers include appraisal provisions in their policies. The bill is currently before the Senate Commerce Committee.
According to the Alliance of Automotive Service Providers of New Jersey (AASP/NJ, which supports the measure, the legislation comes as insurance companies increasingly remove or limit appraisal clauses from their policies,
The right to appraisal
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.