fbpx

Geico Total Loss Actual Cash Value Taxes California Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

This settlement resolves a class action against GEICO General Insurance Company, Government Employees Insurance Company, GEICO Casualty Company, and GEICO Indemnity Company. The complaints alleged that the companies breached their contracts by failing to pay the full actual cash value on first-party, total-loss vehicle claims to California insureds who submitted physical damage claims during the class periods. It alleges GEICO did not pay the state sales tax of 7.25% on each vehicle, plus local sales tax, and also regulatory fees.

Docket Number:

4:19-cv-03768-HSG and 4:20-cv-07436

Company: Geico General Insurance Company

Filing Deadline: November 11, 2022

Class Period: June 27, 2015 to August 17, 2020

Objection Deadline: October 27, 2022

Exclusion Deadline: October 27, 2022

Final Approval Hearing: December 15, 2022

Proof of Purchase:

You do not need to provide proof.

Eligibility:

You may be eligible if you are a member of either of the following classes:
- The Sales Tax Class is all those who (1) were insured under a California private-passenger automobile insurance policy and submitted a physical damage claim for a covered vehicles during the period (a) from June 27, 2015 (for those insured by GEICO General), (b) October 23, 2016 (for those insured by GEICO Indemnity), or (c) June 30, 2017 (for those insured by GEICO Casualty or Government Employees Insurance Company) through August 17, 2020 that resulted in a total-loss claim payment; (2) you did not keep the salvage vehicle; (3) GEICO determined that your vehicle was a total loss and did not pay to repair the vehicle; and (4) the total-loss claim payment did not include the full sales tax calculated as the applicable percentage of the adjusted vehicle value.
- The Regulatory Fees Class is all those who (1) were insured under a California private-passenger automobile insurance policy and submitted a physical damage claim for a covered vehicles during the period (a) from June 27, 2015 (for those insured by GEICO General), (b) October 23, 2016 (for those insured by GEICO Indemnity), or (c) June 30, 2017 (for those insured by GEICO Casualty or Government Employees Insurance Company) through July 28, 2022 that resulted in a total-loss claim payment; (2) you did not keep the salvage vehicle; and (3) GEICO determined that your vehicle was a total loss and did not pay to repair the vehicle.

Typical Settlement Amount:

Benefits: (1) Sales Tax Class members will receive unpaid state sales tax of 7.25% plus any applicable local sales tax, based on the adjust value of the total-loss vehicle at the time of loss (minus any amount of sales tax including in the original total-loss claim payment; and (2) unpaid regulatory fees of $6.88. The average claim is estimated at $2,051.98, although individual payments will vary. (2) Regulatory Fee Class members who are not in the above Sales Tax Class will receive unpaid regulatory fees of $6.88.

Total Settlement Amount: Approximately $19.9 million

Class Representative Proposed Incentive Fee:

$5,000-$15,000

Law Firms:
Edelsberg Law PA
Normand PLLC
Tycko Zavareei

Claim Form: California Total Loss Class Action Taxes Claim Form

Case Name: In Re GEICO General Insurance Company and Perez v. GEICO Indemnity Company

Settlement Website: California Total Loss Class Action Taxes Website

Claims Administrator:
KCC Class Action Services, LLC

Claims Administrator Contact Information:

CA Total Loss Class Action Settlement Administrator
P.O. Box 8060
San Rafael, CA 94912-8060
844-494-0263

Tags: Actual Cash Value, Auto Insurance, Incomplete payment of benefits due, Insurance, Sales Tax, Tax