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State Farm
State Farm settled a class action in Illinois over improper deductions of nonmaterial depreciation in some structural loss insurance claims.
ClosedIllinois onlyClaim status: Closed on October 28, 2023Payout: VariesNo longer claimable
About this settlement
Class members had structural loss claims on State Farm policies in Illinois where nonmaterial depreciation was withheld improperly.
This settlement resolves claims that State Farm improperly deducted nonmaterial depreciation and general contractor overhead and profit depreciation from actual cash value payments on certain structural loss insurance claims in Illinois.
Who qualifies
- Anyone with a State Farm structural loss claim in Illinois from May 21, 2013 to April 2017.
- Claims that included actual cash value payments with nonmaterial depreciation or contractor overhead and profit withheld.
Varies
Claim status: Closed on October 28, 2023