Staunton Lodge v. Pekin Insurance Company 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
The Insurance Companies allegedly improperly deducted depreciation attributable to labor costs when adjusting some insurance claims in Illinois. The Insurance Companies denied all allegations of wrongdoing and maintained they paid claims reasonably. The Court did not decide in favor of either party; instead, both sides agreed to settle to avoid litigation costs and trial.
Do you qualify?
All policyholders under Commercial or Personal Lines property insurance policies issued by Pekin Insurance Company or The Farmers Automobile Insurance Association who made a Structural Loss claim for Illinois property between September 10, 2018 and July 30, 2020, where Nonmaterial Depreciation was withheld from the ACV payment or would have caused the loss to fall below the deductible.
How to file
Complete and sign a claim form and mail it to the settlement administrator, or submit the form by uploading it on the website at https://www.ilpropertydepreciationsettlement.com/upload-a-claim. You must submit a claim to be eligible for payment. The deadline to submit a claim was November 22, 2022 (now passed).
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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