TX HB4570

Requires personal automobile and residential property insurance policies in Texas to include an appraisal provision for resolving disputes over the amount of loss between policyholders and insurers

Applies to various insurer types including capital stock companies, mutual insurance companies, county mutuals, Lloyd's plans, reciprocal exchanges, farm mutuals, eligible surplus lines insurers, and the FAIR Plan Association

Excludes policies issued by the Texas Windstorm Insurance Association and commercial insurance policies from the appraisal requirement

Directs the Insurance Commissioner to adopt rules establishing the timeframe for completing appraisals, while allowing flexibility for adequate claim investigation and preserving appraiser independence

Makes appraisal determinations binding on both parties except in cases of fraud or material mistake, with the law applying to policies delivered, issued, or renewed on or after January 1, 2026