TX SB458

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 policies from 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 Texas Windstorm Insurance Association policies and commercial insurance policies from the requirements

Makes appraisal determinations binding on both parties except in cases of fraud, accident, material mistake, or awards made without authority

Directs the Insurance Commissioner to adopt rules establishing completion timeframes for appraisals and mandating appraisals for total loss situations

Takes effect September 1, 2025, with requirements applying to policies delivered, issued, or renewed on or after January 1, 2026