AN ACT RELATING TO INSURANCE -- LIABILITY INSURANCE -- UNINSURED MOTORIST COVERAGE

HB 7520 expands underinsured motorist coverage to include property damage (such as vehicle damage) alongside bodily injury, which currently only covers bodily injury for underinsured drivers. This change would directly affect car owners who suffer property damage in accidents with drivers carrying insurance but with limits below the damages owed. The bill establishes a $200 deductible for property damage claims under this expanded coverage and allows insureds to opt out of property damage coverage if they have collision insurance. It also clarifies that "underinsured" includes drivers with insufficient coverage limits and ensures subrogation rights for insurers.