NJ A6106

Requires all automobile insurers in New Jersey to include an appraisal provision in every policy issued, renewed, or delivered to consumers, allowing disputes over actual cash value, loss amounts, or settlement offers to be resolved by independent appraisers

Allows either the policyholder or insurer to submit a written demand invoking the appraisal process when they disagree on a claim's value after the vehicle has been inspected by a repair shop chosen by the policyholder

Establishes a 20 calendar day deadline for each party to select a "competent and disinterested appraiser," who must then appraise the loss within 20 business days

Requires unresolved disputes between the two appraisers to be submitted to an umpire selected by the appraisers within 15 calendar days, or by a judge if they cannot agree on an umpire

Extends the appraisal rights to third-party claimants who disagree with an insurer on the valuation of a settlement offer, with the law taking effect 90 days after enactment