MORRISON LAW ENSURES DRIVERS CAN INVOKE APPRAISAL ON DAMAGED VEHICLES
States News Service
The following information was released by the Illinois Senate Democrats:
A new law led by State Senator Julie Morrison will provide insured drivers a way to resolve disputes with their insurers about repair costs or total loss valuations without involving the court system.
"Going through the courts to get an appraisal on a damaged vehicle is burdensome for both the policyholder and insurance company," said Morrison (D-Lake Forest). "The right to invoke an appraisal cuts down on administrative barriers and ensures all parties are able to navigate the process without going to court."
The right to an appraisal, already included in some auto insurance policies, allows the insured driver and their insurer to settle disputes regarding the value of a vehicle and the cost of repairs.
The new law requires all automobile insurance policies in Illinois that include physical damage coverage to also include a right to an appraisal.
House Bill 4160 was signed into law Friday and takes effect July 1, 2027.
Gates of Vienna News Feed 8/12/2026
REDUCING RISK TODAY WILL FIX CALIFORNIA'S INSURANCE CRISIS FOR FUTURE GENERATIONS
Advisor News
- CT governor’s candidates claims: What’s true, and what’s misleading
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
More Advisor NewsAnnuity News
- How flexible annuities fit today’s retirement portfolios
- Foresters Financial appoints Tom Ross as chief distribution officer for U.S. annuity sales
- Symetra and TIAA Announce Launch of Mariner Re
- Jackson Launches Suite of Fixed Index Annuities Focused on Accumulation
- Farm Bureau P&C insurers post first underwriting gain since 2021
More Annuity NewsHealth/Employee Benefits News
- Sand, Lahn call for increasing mental healthcare access, Medicaid oversight in debate
- CT health insurance premiums are going up but help is available. What to know
- Can your finances handle an unexpected health crisis?
- NC's State Health Plan taps retiree funds amid cash crisis, reaches deal with Atrium Health
- Study: Colorado’s Medicaid covers more services than private insurance
More Health/Employee Benefits NewsLife Insurance News