Define "good faith" in the context of auto appraisals.

In the context of auto appraisals, "good faith" refers to the expectation that appraisals will be conducted with honesty and integrity. This principle underscores the importance of ethical conduct in the appraisal process, ensuring that appraisers provide accurate, unbiased evaluations of vehicle damage. The practice of good faith protects the interests of all parties involved, including the vehicle owner and the insurance company, and helps to maintain trust in the appraisal system.

When appraisers operate in good faith, they adhere to industry standards and regulations, thereby contributing to fair and equitable outcomes in the claims process. Such conduct includes thoroughly inspecting the vehicle, using reliable data and methodologies, and avoiding any conflicts of interest that might influence the appraisal's objectivity. By prioritizing honesty and integrity, appraisers uphold their professional responsibilities and support the overall effectiveness and credibility of the insurance process.