Requires automobile insurers to include appraisal provisions in insurance policies.

This bill requires all auto insurers in New Jersey to include a standard appraisal clause in every auto insurance policy. It directly affects policyholders (car owners) and third-party claimants (like accident victims) who disagree with insurers about: 1) The actual cash value of car damage (including repair costs or total loss value), or 2) The settlement offer for third-party claims. The key mechanism lets either party request an independent, impartial appraisal by a disinterested appraiser within 20 days. If appraisers disagree, they escalate to an umpire (or court) for a final binding decision, ensuring a formal process to resolve valuation disputes.