April 15, 2022
The State Farm Mutual Automobile Insurance Company offers auto insurance policies in Minnesota that say that, in the event of a total loss, the company will give the insured a payout consisting of the actual cash value (ACV) of the vehicle minus the policy’s deductible. The complaint alleges that State Farm does not do this, because it subtracts an extra amount from the ACV “to account for typical negotiation,” which the complaint alleges results in an underpayment to the insured.
Case Event File: State Farm Mutual “Typical Negotiation” Deductions from ACV Minnesota ComplaintRelated to: State Farm Mutual “Typical Negotiation” Deductions from ACV Minnesota Class Action