044-33 Wyo. Code R. §§ 33-4 - Adjustment of Physical Damage Claims
(a) This section applies to the adjustment of
physical damage claims under all motor vehicle policies issued in the State of
Wyoming including, but not limited to, private passenger automobiles,
recreational vehicles, commercial vehicles, motorcycles, or any other risk
insured as a motor vehicle or trailer.
(b) Insurers shall adjust personal property
losses, be it first or third party claims, by utilizing one of the following
options:
(i) Pay for the loss in its entirety
in money based on an appraisal of the damage sustained by insured's
vehicle;
(ii) Repair the damaged
property; or
(iii) Replace the
damaged property.
Notes
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