Requires automobile insurers to include appraisal provisions in insurance policies.

This bill (A 3262) requires New Jersey automobile insurers to include an appraisal provision in all auto insurance policies. It directly affects policyholders who disagree with insurers on the value of a car claim (actual cash value or repair costs) or third-party settlement offers. If a dispute arises, the policyholder can select a repair shop for an estimate, then either party can request an independent appraisal by a neutral appraiser within 20 days. The appraisers must jointly determine the value within 20 business days, and if they disagree, an umpire or judge resolves the dispute. The bill does not take effect until 90 days after enactment and applies to claims filed after that date.