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

044-33 Wyo. Code R. §§ 33-4

Amended, Eff. 2/21/2018.