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Founders Insurance Total Losses Tax and Title Payouts Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Founders Insurance Company is settling a class action alleging that, when it makes a payout for a total loss under an insurance policy in Ohio, it is required to include sales tax and title transfer fees for the supposed new vehicle.

Docket Number:

A 2003986

Company: Founders Insurance Company

Filing Deadline: August 26, 2022

Class Period: November 13, 2012 to April 7, 2022

Objection Deadline: July 12, 2022

Exclusion Deadline: July 12, 2022

Final Approval Hearing: August 11, 2022

Proof of Purchase:

You do not need to provide proof.

Eligibility:

You may be eligible if you are an insured, under any Ohio automobile insurance issued by Founders Insurance Company covering a vehicle with physical damage coverage for comprehensive or collision loss where the vehicle was declared a total loss, who made a first-party claim for total loss, whose claim was adjusted as a total loss, and who did not receive a payment or reimbursement from Founders of sales taxes or title or tag transfer fees, between November 13, 2012 and April 7, 2022.

Typical Settlement Amount:

Founders will pay sales tax calculated at 7.116% (the average rate paid during the class period), title transfer fees of $15, and tag transfer fees of $4.50.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

$5,000

Law Firms:
Edelsberg Law PA
Shamis & Gentile PA
Spangenberg Shibley & Liber

Claim Form: Founders Insurance Total Loss Settlement Claim Form

Case Name: Morris v. Founders Insurance Company

Settlement Website: Founders Insurance Total Loss Settlement Website

Claims Administrator:
Simpluris, Inc.

Claims Administrator Contact Information:

Morris v Founders Insurance Company
PO Box 25412
Santa Ana, CA 92799
866-605-2145

Tags: Auto Insurance, Incomplete payment of benefits due, Insurance, Sales Tax, Title and Registration Fees