State Farm Personal Property Class Action Settlement ( California Only)
You are a member of the class if during the qualified period described below you were a California resident insured under a State Farm homeowners or commercial insurance policy between December 31, 2004 and the summer of 2014 who made a claim for damage or loss to personal property and accepted payment from State Farm of less than the applicable policy limits, or whose claims are still pending and have not been offered the policy limits.
Proof of Purchase
The Doan, et al. v. State Farm General Insurance CompanyCase No. 108-cv-129264
State of California, County of Santa Clara
This is a class action lawsuit that was brought against State Farm in Santa Clara County Superior Court. The case challenged the way that State Farm calculated depreciation on claims for loss or damage to your personal property. It was proven at trial that State Farm violated California law by unfairly calculating depreciation based upon the age alone of a damaged item without considering its condition at the time of loss. This ultimately resulted in over depreciation and inappropriately reduced payouts. Further, the Court held that State Farm violated California law by failing to accurately notify its policyholders in writing of the basis or reasoning for its calculation of depreciation.