Requires at fault insurance companies to provide to any claimant whose vehicle is damaged in an accident, to provide a vehicle that is comparable to the claimant’s vehicle and that rental charges shall be based on local retail prices.
Assures rental vehicle coverage under private auto policy, extends to the named insured and any drivers listed on the insured’s policy and requires that the insurer pay for a rental that is of like quality as the insured’s damaged rental vehicle.
Assures rental vehicle coverage under private auto policy, extends to the named insured and any drivers listed on the insured’s policy and requires that the insurer pay for a rental that is of like quality as the insured’s damaged rental vehicle.
Establishes a definition of consumer accessible fair market value for purposes of determining the value of any vehicle that is damaged or totaled as a result of damage.
Provides that any insurer refusing to honor a "direction to pay" executed by an insured for payment on a property damage benefit would constitute an unfair claims practice.
Provides that any insurer refusing to honor a "direction to pay" executed by an insured for payment on a property damage benefit would constitute an unfair claims practice.
Increases the amount requiring that an appraisal be performed by a licensed appraiser when a vehicle sustains damage from $2,500 to an amount in excess of $5,000. This act also corrects a citation regarding salvage and reconstructed titles.
Permits the use of telematics by motor vehicle insurance companies to record the driving habits of insured motorists for the purpose of pricing, underwriting and customer service.
Prohibits insurance companies from refusing to use after market parts that are greater than 48 months and less than 72 months from the date of manufacture, provided the repairer has written consent from the owner of the vehicle.