Vehicle Appraisal & Insurance Valuation in Utah

Utah Rule R590-190 is the primary regulation governing automobile total-loss settlement in Utah. The regulation addresses first-party total-loss settlement standards, including the use of comparable vehicles, applicable taxes, license fees, and transfer fees.

Utah Rule R590-190 expressly recognizes resolution under the appraisal section of the policy in force at the time of loss. This is a meaningful feature of Utah's regulatory framework — the regulation acknowledges the policy appraisal mechanism as a recognized method for resolving total-loss disputes.

Utah Rule R590-190 recognizes the policy appraisal mechanism as a contractual process — it depends on the applicable policy language. The regulation does not transform the policy appraisal clause into a broader statutory right. The appraisal mechanism's availability and procedure are governed by the applicable policy and the regulation's requirements.

ACV in Utah is the fair market value of the vehicle immediately before the loss. Utah's regulated framework requires the use of comparable vehicles, statistically valid market valuation, and documented adjustments for condition, mileage, and equipment differences.

An independent appraisal can examine the same evidence and develop an objective opinion of value. Depending on the evidence, an independent appraisal may produce a value that is higher, lower, or similar to the insurer's valuation.

Utah Rule R590-190 addresses applicable taxes, license fees, and transfer fees in the total-loss settlement context. The specific requirements applicable to a given claim are set out in the current regulatory text.