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Monday, 15 April 2019 17:34

Total Loss Car Accident Payouts May Not Fully Compensate Drivers

Written by Brigette Honaker, Top Class Actions

Index

 

Judge Dimitrouleas also found that sales tax and title transfer fees are mandatory fees that should be covered by insurance companies under Florida law.

 

“Sales tax and title transfer fees are mandatory parts of the replacement cost under the GEICO Policy for Plaintiff Roth’s (and the class members’) leased total loss vehicle and therefore are components of ‘actual cash value’ under the Policy,” Judge Dimitrouleas determined. “Accordingly, GEICO’s failure to pay leased vehicle total loss insureds sales tax in the amounts of 6 percent of the value of the vehicle (plus any local taxes) and title transfer fees in the amount of $75.25 constitutes a breach of contract.”

 

The GEICO Class Action Lawsuit is Kerry Roth v. GEICO General Insurance Co., Case No. 0:16-cv-62942, in the U.S. District Court for the Southern District of Florida.

 

UPDATE: March 2019, a website has been established informing GEICO total loss class action lawsuit Class Members of their rights. Learn more here.

 

Read more about total loss insurance payout problems on Top Class Actions.

 

We thank Top Class Actions for reprint permission.


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