March 25, 2022
What is a Projected Sold Adjustment? Is it a legitimate reduction in the actual cash value (ACV) of a totaled vehicle, to help determine the insurance payout? The complaint for this class action alleges that it is not. According to the complaint, Progressive Universal Insurance Company “systematically thumbs the scale” when it asks its vehicle valuation vendor, Mitchell International, Inc., to deduct a Project Sold Adjustment from the prices of comparable vehicles.
Case Event File: Progressive Universal ACVs Reduced by Projected Sold Adjustment Iowa ComplaintRelated to: Progressive Universal ACVs Reduced by Projected Sold Adjustment Iowa Class Action