Illinois Property Depreciation Settlement
$34.22–$2,728
This settlement is closed to new claims — the deadline was November 22, 2022. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
Pekin Insurance Company and The Farmers Automobile Insurance Association allegedly improperly deducted depreciation attributable to labor costs when adjusting certain structural loss insurance claims in Illinois. The insurance companies deny wrongdoing, but agreed to settle to avoid litigation costs and provide compensation to qualifying policyholders.
Do you qualify?
All policyholders with Commercial or Personal Lines property insurance policies issued by the insurance companies who made a Structural Loss claim for Illinois property during the applicable Class Period (claims with dates of loss on or after September 10, 2018, and notice of loss provided by July 30, 2020) that resulted in an ACV payment with withheld nonmaterial depreciation.
How to file
Complete and sign a claim form and mail it to the settlement administrator at the address provided, or upload the claim form on the settlement website. The deadline to submit a claim is November 22, 2022.
Common questions
- How much does the Illinois Property Depreciation Settlement pay?
- Estimated payout: $34.22–$2,728. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- What is the claim deadline for the Illinois Property Depreciation Settlement?
- This settlement is closed to new claims — the deadline was November 22, 2022. Once a claim deadline passes you generally forfeit your share, even if you qualified.
- Do I need proof of purchase for the Illinois Property Depreciation Settlement?
- Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
- Is the Illinois Property Depreciation Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at ilpropertydepreciationsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the Illinois Property Depreciation Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for October 6, 2022; no payments can be issued before a settlement receives final approval.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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