- Postcard received with the notice can be returned
- Online request for reconsideration is available
- Frequently Asked Questions list is provided
The word “depreciation” usually isn’t something known for giving folks a case of the warm and fuzzies. This especially holds true when the word is used in conjunction with a personal property claim. A recently settled case involving State Farm allows California policy holders to request a reconsideration for personal property claims filed between December 31st, 2004 and May 19th, 2014. The settlement comes on the winds of a full class trial that proved State Farm failed to lawfully calculate depreciation on personal property losses on settlements where the insured opted NOT to replace a damaged item. Those who believe they are eligible to request a claim reconsideration can begin by filling out and returning the postcard that was received with the notice of the settlement. A reconsideration request can also be made online by visiting www.statefarmpersonalpropertysettlement.com and clicking the Submit a Request for Reconsideration link posted at the top right hand side of the page.
Digging a Little Deeper Into the Settlement Notice
- The offer postcard must be postmarked for return no later than October 1st, 2018
- October 1st, 2018 is also the deadline to file a written objection to the settlement
- A hearing to review the fairness of the settlement is set for December 7th, 2018
- Those who take no action will be unable to receive compensation (so take action!)
- The deprecation practices have involved as man as 89k State Farm policy holders
The first step of making an online claim reconsideration request is to fill out a brief online form with contact information for the policy holder. Those with questions about the settlement can trying reviewing the available information found under the Frequently Asked Questions at www.statefarmpersonalpropertysettlement.com. In the event the FAQs prove fruitless (or in the event one simply doesn’t feel like reading), questions can be asked by email or over the phone.
Contact Information for Settlement Inquiries