Washington Farmers, Mid-Century Insurance Diminished Value Settlement

A settlement has been reached in a class action lawsuit alleging that Farmers Insurance Co. of Washington and Mid-Century Insurance Company failed to pay for “diminished value” losses under a policy’s comprehensive and collision coverage.

The Farmers Insurance class action lawsuit asserts that this failure to pay is a breach of the insurance companies’ automobile insurance contract.

If you were insured by Farmers or Mid-Century and received payment under your collision or comprehensive coverage for property damage to your insured automobile between Dec. 12, 2007 and May 1, 2010, you may be entitled to compensation from this class action settlement.

The Farmers Insurance class action lawsuit was initially filed in 2014. A trial was scheduled to begin on Oct. 3, 2016, but the parties negotiated a class action settlement before it started.

Farmers and Mid-Century deny any wrongdoing but agreed to settle the diminished value loss class action lawsuit to avoid the expense and uncertainty associated with continued litigation. The defendants have agreed to pay up to $10.7 million to Class Members, according to the settlement documents.

The class action settlement was preliminarily approved on July 29, 2016.

If you would like to object to the Farmers Insurance class action settlement, you must do so no later than Nov. 26, 2016.

Who’s Eligible

You are a Class Member of the diminished value settlement if:

• Farmers or Mid-Century paid to have your insured vehicle repaired under the collision or comprehensive provision of a Farmers Washington policy issued in Washington; and
• You received payment under your collision or comprehensive coverage for property damage to your insured automobile between Dec. 12, 2007 and May 1, 2010; and
• The repair estimate on your vehicle totaled at least $1,000; and
• Your vehicle was no more than six years old and had less than 90,000 miles on it at the time of the accident; and
• Your vehicle suffered structural damage and/or deformed sheet metal and/or required body or paint work.

Potential Award

Varies, depending on the Class Member’s vehicle repair costs. According to the settlement website, the average payment will be more than $500 per Class Member.

Proof of Purchase

You must provide the Claimant ID that was listed on the Claim Form that was mailed to you. It is printed below the bar code located in the upper left corner of the Claim Form.

Claim Form

CLICK HERE TO FILE A CLAIM »

Claim Form Deadline

12/26/2016

Case Name

Klaus Snyder v. Farmers Insurance Company of Washington and Mid-Century Insurance Company, Case No. 13-2-15638, in the Superior Court of the State of Washington for Pierce County

Final Hearing

12/2/2016

Settlement Website

www.SnyderSettlement.com

Claims Administrator

Snyder v. Farmers Settlement Administrator
c/o Rust Consulting
P.O. Box 2543
Faribault, MN 55021-9543
1-866-458-3189

Class Counsel

Scott Nealey
NEALEY LAW

Stephen M. Hansen
LAW OFFICES OF STEPHEN M. HANSEN PS

Defense Counsel

Stevan D. Phillips
STOEL RIVES LLP