Allstate Homeowners Insurance Class Action Settlement

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Allstate Homeowners Insurance Class Action Settlement

Unread postby RatPak11 » Tue Jul 17, 2012 9:33 pm

http://www.topclassactions.com/lawsuit- ... ettlement-



Allstate Homeowners Insurance Class Action Settlement
By Mike Holter
Monday, 23 May 2011 08:13

Allstate has reached a proposed class action lawsuit settlement over allegations it shortchanged customers who filed insurance claims for structural losses under their Allstate homeowners policies. If you submitted a claim for a structural loss under an Allstate homeowners insurance policy, you may be able to receive cash benefits from the proposed class action settlement.

The Allstate class action settlement will resolve a class action lawsuit, titled Feely and Beeson v. Allstate County Mutual Insurance Company, that alleges Allstate did not properly pay general contractor’s overhead and profit (GCO&P) when adjusting claims for structural losses under homeowner’s insurance policies.

“GCO&P” is an amount that may be charged by a general contractor for, among other things, supervising, scheduling and coordinating work and/or materials supplied by subcontractors in the course of repairing damage to a building or structure. A “Structural loss” means physical damage to a home, mobile or manufactured home, condo, farm/ranch or rental dwelling in the United States while covered by a homeowners insurance policy issued by Allstate.

You’re considered a class member of the Allstate homeowners insurance class action lawsuit settlement if you’ve ever been insured in the United States (except in Ohio or Pennsylvania) and submitted a claim for a covered loss. A covered loss is a structural loss that:

* occurred between September 6, 1996 and December 6, 2010;
* was determined to be covered by a homeowners insurance policy issued by Allstate; and
* resulted in a payment by Allstate between September 6, 1996 and December 6, 2010.

Under the Allstate class action lawsuit settlement, class members will be compensated for Allstate’s alleged failure to include an appropriate amount for GCO&P when it paid certain homeowners insurance claims for structural losses. The class action settlement also requires that, for a period of at least two years, Allstate engage in certain claim practices and make certain disclosures designed to help ensure that GCO&P is paid when appropriate.

The amount of money you can receive under the Allstate settlement will be between 10% and 17.5% of the amount previously paid by Allstate to you to complete the repairs, depending on the method by which the estimate was generated, excluding amounts paid for emergency remediation services, debris removal, licensed professionals, and any specialty contractor overhead and profit or GCO&P previously paid by Allstate.

To get your cash payment under the Allstate class action settlement, you must submit a valid claim form postmarked no later than June 6, 2011.

You can find claim forms and more information on your rights in the Allstate Homeowners Insurance Class Action Lawsuit Settlement at http://www.FeelySettlement.com.

The case is Feely and Beeson v. Allstate County Mutual Insurance Company, Case No. CV-2004-294-3A.


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RatPak11
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