IMPORTANT UPDATE: On July 25, 2023, the Court granted final approval of the Settlement. It was not required for Class Members to attend the Fairness Hearing. For more information, please review the Final Order and Judgment.

What is this lawsuit about?

This lawsuit is about whether State Farm breached its Ohio insurance policies by applying depreciation to the estimated costs of labor and other non-material costs in calculating actual cash value ("ACV") payments. Plaintiffs contend that such depreciation resulted in Plaintiff and the Class being underpaid and was a breach of the insurance contracts.

State Farm denies that its conduct breached the insurance contracts. State Farm contends that many policyholders received everything they were entitled to under their policy, including through payments for replacement cost benefits.

How do I know if I am part of the Settlement Class?

This settlement covers a Class of State Farm insureds who, according to Plaintiffs’ allegations, were underpaid because State Farm calculated ACV payments by applying depreciation to estimated labor and other non-material costs.

The settlement “Class,” consists of:

All persons and entities insured under a State Farm structural damage policy who: (1) made a structural damage claim for property located in the State of Ohio with a date of loss on or after April 22, 2015; and (2) received an actual cash value (“ACV”) payment on that claim from which estimated Non-Material Depreciation was withheld from the policyholder, or who would have received an ACV payment but for the withholding of estimated Non-Material Depreciation causing the loss to drop below the applicable deductible. 

If you are a member of the Class, you will automatically be included unless you take affirmative steps to exclude yourself.  Both current and former State Farm insureds can be part of this lawsuit. For more information on Class eligibility, please see FAQs 5-8.

What does the Settlement provide?

Class Members who fully complete a claim form (“Claimants”) and timely mail it to the proper address or upload it to this website may be eligible for payment. If you had more than one Covered Loss during the Class Period (on or after April 22, 2015 through approximately August 2017) then you may submit separate Claim Form(s) for those losses, but you must separately complete, sign and timely submit a separate Claim Form to be eligible for payment on each of those other losses in the event that the settlement is approved by the Court.