$2M State Farm Insurance Claim Underpayment Settlement

Unsplash | Published: October 16, 2024

Claim Form Deadline: November 12, 2024

Payout: $550

Proof required: Yes

What's the $2M State Farm Claim Underpayment Settlement?

State Farm has agreed to settle a class action lawsuit for over $2,000,000. The class action lawsuit claimed that State Farm Fire and Casualty Company failed to adequately pay for "diminished value" losses under its underinsured motorist property damage coverage in Washington State insurance policies.

The class action lawsuit alleges that when certain automobiles sustain structural damage, they cannot be fully repaired to their pre-accident condition, leading to a loss in value. State Farm denies any wrongdoing and contends that it paid appropriate amounts for diminished value as part of its regular claim adjusting process.

What is the Total Settlement Amount?

The total settlement amount is $2,091,200.00.

How Do I Qualify For a Payout?

To potentially qualify for a payout, you must be a State Farm insured whose vehicle repairs were covered under the underinsured motorist property damage provision of a policy issued in Washington State, and meet the following criteria:

• The repair estimate on the vehicle (including any supplements) totaled at least $1,000.
• The vehicle was no more than six years old (model year plus five years) and had less than 90,000 miles on it at the time of the accident.
• The vehicle suffered structural (frame) damage and/or deformed sheet metal and/or required body or paint work.

You may not be eligible if your claim involved a leased vehicle, your vehicle was declared a total loss, or the accident did not occur between March 23, 2012, and February 13, 2024.

How Do I Find Class Action Settlements?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Much Can I Get Paid?

The average payment for qualified class action members will likely be in the range of $550 per valid claim, depending on how much, if any, payment for diminished you may have already received.

How Do I File a Claim?

To file a claim, you must submit a valid and timely claim form. You can file a claim form online. You may have received a claim form in the mail - in which case you can submit it by mail postmarked by November 12, 2024. If you had two (or more) qualifying accidents, you may receive a claim form for each.

Do I Need Proof to File a Claim?

Yes, you need to provide proof to file a claim. You may be asked for a Unique ID and passcode you may have received via a postcard or notice. However, if you did not receive a unique claim notice ID but believe you may be part of the class action you can print and mail the claim form by the November 12, 2024 deadline.

Claim Form Website: SanithSettlement.com

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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