State Farm agreed to a class action lawsuit settlement to resolve claims it underpaid Ohio policyholders’ structural damage claims by depreciating labor costs.
According to the class action lawsuit, State Farm wrongfully deducted depreciation from labor costs and other nonmaterial expenses in structural damage claims. Plaintiffs in the case claim that this violated insurance contracts with Ohio policyholders.
State Farm is an insurance company that offers life, home, car and business insurance policies.
State Farm hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve the insurance class action lawsuit.
State Farm Ohio Structural Damage Nonmaterial Depreciation Class Action Lawsuit
- Who’s Eligible:
- State Farm structural damage policyholders who made a structural damage claim on an Ohio property between April 22, 2015, and approximately August 2017 and had nonmaterial depreciation withheld from their actual cash value payment, or who would have received an actual cash value payment had it not been for the withholding of nonmaterial depreciation causing the loss to drop below the applicable deductible.
- Estimated Amount: Varies
- Proof of Purchase:
- Policy and claim information
- Claim Form Deadline: 08/24/2023
- Case Name & Number:
- The Condominiums at Northpointe Association, et al. v. State Farm Fire & Casualty Co., Case No. 1:16-cv-01273, in the U.S. District Court for the Northern District of Ohio
- How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!
(Click here to file a claim)
Bottom Line
Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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