WA SB5721

Requires all automobile insurance policies with first-party physical damage coverage issued or renewed on or after January 1, 2026 to include an appraisal clause allowing disputes over actual cash value and loss amounts to be resolved through an appraisal process

Establishes a structured appraisal process where each party selects a competent, disinterested appraiser within 10 days of a written demand, and appraisers must complete their work within 30 calendar days

If appraisers cannot agree, they must appoint an umpire within 15 days; if they fail to do so, the Insurance Commissioner will identify a registered umpire to resolve the dispute

Each party pays their own appraiser's expenses and splits the cost of the umpire equally, with agreement by any two of the three parties (two appraisers or one appraiser and the umpire) being binding

Authorizes the Insurance Commissioner to adopt implementing rules and takes effect July 27, 2025