All property insurance coverage required to allow appraisal of damages and alternative resolution.

This bill requires all property insurance policies in Minnesota to include a formal appraisal process for determining damage amounts when the insurer and policyholder cannot agree. It mandates that both parties select independent appraisers within 20 days of a written demand, who must then choose an impartial umpire to resolve any disagreements on the loss value. The legislation also establishes a two-year statute of limitations for filing lawsuits related to property claims, extending the current one-year deadline for hail insurance cases. These changes will take effect on January 1, 2027, and apply to losses occurring on or after that date.