S
State Farm
State Farm settled claims for underpaying Ohio policyholders’ structural damage claims by depreciating labor costs.
ClosedOhio onlyClaim status: Closed on August 24, 2023Payout: VariesNo longer claimable
About this settlement
The case addresses withheld nonmaterial depreciation from actual cash value payments on structural damage claims in Ohio.
This settlement resolves claims that State Farm underpaid structural damage claims in Ohio by depreciating labor costs, affecting policyholders who filed claims between April 2015 and August 2017.
Who qualifies
- Ohio property owners insured by State Farm who filed structural damage claims between April 22, 2015 and August 2017.
- Those who had nonmaterial depreciation withheld from their payment or whose loss dropped below deductible due to depreciation.
Varies
Claim status: Closed on August 24, 2023