Hagens Berman: Allstate and First National Accused of Cheating Consumers out of Thousands on Wrecked Vehicles
Lawsuit uncovers “systematic” and “flagrant” undervaluation of totaled vehicles
If you wrecked your car and your insurer bought it from you, your insurer may have underpaid you by thousands. Find out more about the lawsuit and sign up here.
The lawsuits accuse Allstate and First National of underpaying consumers by manipulating the data used to value the cars. The suits were filed
Specifically, the lawsuits say Allstate and First National use what they call “condition adjustments” to reduce the value of comparable vehicles without itemizing or explaining the basis for the adjustment as required by
“These arbitrary and unjustified condition adjustments artificially and improperly reduce claim payments by hundreds or thousands of dollars,” the suit reads.
“Consumers who just had their car wrecked in a major accident are in a tough spot—they need their insurance money to get back on the road and get back to their lives. When insurance companies work to shortchange them instead of protecting them, that’s just wrong,” said
Both auto insurance companies promise their customers they will pay the “actual cash value” of the vehicle or a comparable vehicle, according to the lawsuits.
Berman, a nationally renowned lawyer for the three named plaintiffs, seeks to represent anyone who is insured under automobile insurance policies issued in
Find out more about the class-action lawsuit on behalf of those who have suffered a total loss collision and had their claims undervalued.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180419006093/en/
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