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This settlement is closed!
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State Farm agreed to a class action lawsuit settlement to resolve claims it underpaid Ohio policyholders’ structural damage claims by depreciating labor costs.
The settlement benefits 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.
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.Â
State Farm hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve the insurance class action lawsuit.
Under the terms of the settlement, class members can receive a cash payment based on the initial actual cash value payments they received and other payment conditions.Â
Group A claimants, who received actual cash value payments with nonmaterial depreciation deducted and did not receive subsequent replacement cost benefits, can receive 100% of the nonmaterial depreciation that was initially deducted from their actual cash value payment in addition to 50% of the general contractor overhead and profit depreciation and simple interest of 3.5%.
Group B claimants, who received both an actual cash value payment and replacement cost benefits, can receive simple interest of 3.5% on the deducted and later recovered depreciation, in addition to 3.5% simple interest on 50% of the estimated general contractor overhead and profit depreciation.
Group C claimants, who would have received an actual cash value payment but did not due to nonmaterial depreciation, can receive 100% of the nonmaterial depreciation deducted from their claim in addition to 3.5% simple interest.
Group D claimants, who submitted a claim under a State Farm structural damage policy other than a homeowners policy, may receive half of the payments they would have received if they had a homeowners policy and were a part of Groups A, B or C.
The deadline for exclusion and objection is June 24, 2023.
The final approval hearing for the State Farm class action lawsuit settlement is scheduled for July 25, 2023.
In order to receive a settlement payment, class members must submit a valid claim form by Aug. 24, 2023.
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.
Potential Award
Varies
Proof of Purchase
Policy and claim information
Claim Form
NOTE: If you do not qualify for this settlement do NOT file a claim.
Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.
Claim Form Deadline
08/24/2023
Case Name
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
Final Hearing
07/25/2023
Settlement Website
Claims Administrator
Northpointe v. State Farm Settlement
c/o JND Legal Administration
PO Box 91458
Seattle, WA 98111
info@northpointe-v-statefarm.com
844-798-0747
Class Counsel
Erik D. Peterson
ERIK PETERSON LAW OFFICES PSC
James A. DeRoche
GARSON JOHNSON LLC
Patrick J. Perotti
James S. Timmerberg
DWORKEN & BERNSTEIN CO LPA
Eric Kennedy
Daniel P Goetz
WEISMAN, KENNEDY & BERRIS CO LPA
Defense Counsel
Joseph A Cancila Jr.
Jacob L Kahn
Allison N Siebeneck
RILEY SAFER HOLMES & CANCILA LLPÂ
Karl A Bekeny
TUCKER ELLIS LLP
Read About More Class Action Lawsuits & Class Action Settlements:
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5 thoughts onState Farm Ohio structural damage nonmaterial depreciation class action settlement
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My sister was in a wreck with me, she was injured. My son was also injured and I was knocked out and had my jaw broke. I talked to the guy for Geico Insurance Company, He sent her a check for $1200. Then another check via US Mail, a check over $10,000 . That check was addressed to Jennifer Williams Guy and URMC (Hospital in Thomaston Ga) now this is so Illegal, only way it can have two parties on their is for one of her children. He made it out like if we took it to the Hospital, they sign it and give it back to her. They took the check and gave her nothing. So how is it they kept the full amount, when she didn’t have nothing but a room and Tylenol. No CT scan or anything. Fraud.
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