March 24, 2022
When a vehicle is declared a total loss, the insurance company must be calculated an actual cash value (ACV) for the vehicle in order to make a payout for the loss to the insured. The complaint for this class action alleges that Progressive Advanced Insurance Company unfairly reduces the amount of the payout by having its valuation vendor apply a “Projected Sold Adjustment” that the complaint says is not justified and not based in fact.
Case Event File: Progressive Advanced “Projected Sold Adjustment” to ACVs Missouri ComplaintRelated to: Progressive Advanced “Projected Sold Adjustment” to ACVs Missouri Class Action