State Farm Undercompensation Lawsuit

alleging compensation for totaled vehicles is less than California law requires.

State Farm Totaled Vehicle Undercompensation

• Are you a California resident?
• Are you insured by State Farm?
• Did you total a vehicle after April 1, 2007?
• Did State Farm determine the value of your totaled vehicle?

If you live in California and State Farm paid a claim for a total loss of your car after April 1, 2007, you might have received less than California law requires for your vehicle.

Lawyers are currently investigating State Farm Auto Insurance on behalf of California policyholders who totaled their vehicle. It is believed that State Farm Auto Insurance used illegal methods to calculate customers compensation. Such methods are prohibited by regulations issued by the California Department of Insurance.

State Farm allegedly determined the value of totaled vehicles without using the asking price or actual sales price of vehicles with the same make and model. Department of Insurance regulations require the use of either the asking price or actual sales prices of comparable cars in the same local market and that adjustments to the values of comparable cars be adequately explained and supported. The use of any other values or the failure to justify adjustments violates the regulations.

California residents who received total loss settlement for their vehicles after April 1st, 2007 are urged to contact us.

State Farm Undercompensation Articles

State Farm Auto: Like a Good Neighbor?
Like a good neighbor, State Farm is there. Or maybe not, if the experiences of some California residents, are any indication. It is alleged that State Farm Insurance might be in contravention of California statutes by low-balling customers with regard to the value of vehicles totaled for insurance purposes.

State Farm allegedly low-balling write-offs in California
The alleged practise by State Farm in California of undercutting policy holders on the value of their totaled vehicles, contrasts with State Farm's recent 'good neighbour' announcement of a rate reduction for California residents, announced earlier this year.

State Farm Vehicle Insurance: What Price for Totaled?
Most people assume that if they are ever in a car accident and their vehicle is totaled, they will receive the appropriate dollar amount for their vehicle, based on the vehicle's worth. However, car owners who deal with State Farm Auto Insurance may not necessarily receive an amount related to what their car is worth. Some car owners are now investigating the possibility of a lawsuit against State Farm, alleging the company used illegal tactics to determine how much their vehicle was worth.

State Farm Undercompensation Legal Help

If you are a California resident who received a total loss settlement for their vehicles after April 1st, 2007, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation. Related Law Suits

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