Is this settlement fair?

Short answer, NO. This is by far the worst settlement I have seen to this date. The deductions are severe, the process to claim, difficult. You can read a complete detailed report on the settlement provided by Home Owners for Better Building.

In short, you will receive a reginally adjusted amount  times the total square feet of DAMAGED siding minus age difference. The age deduction is 4% per year, plus a deduction of 4% if the house was not painted every 5 years.

NO. In every settlement so far, the amount provided as an "average" cost of removal, repair, and paint is far below the lowest estimate available. At least here in Texas where the regional adjusted price is about $4.25, the REAL average is somehwere in the $8.00/sq ft range. 

The regionally adjusted price per sq ft is claimed to be the average of what it would cost to remove, replace, and paint new siding. Of course it has been our experience that this amount is lower than any low cost of repair. You can call the claims admin and ask how much the regionally adjusted price for your city is. 

Damaged is defined in the settlement document and is much to complicated to describe here, but see http://www.sidingclaims.com/damaged.shtml for some mpost common descriptions of damage. Most settlements are paying only for damaged siding regardless of the jury's findings. 

They will take a percentage off your settlement based upon the age of your siding. 4% per year. So if your house is just 10 years old, you immediately get a 40% deduction.

Visit www.abtcoclaims.com or call the 1-800 number and ask for an application.

The general process is apply for the settlement, they will provide an "Advanced Payment Program" offer, accept the offer and be paid. 

Yes in most cases. The repairs MUST have been completed BEFORE a certain date and homeowners have only a certain amount of time to file a claim. More details will follow.

About 6 months from application to check in hand. Some are quicker, some are not. If you have reasons to expedite, then it could be quicker, such as putting your house up for sale. According to the settlement the claims admin is suppose to have an inspector at your house within 2 months of receiving your application. That has been the exception, not the rule. The settlement is also worded so there is no possible enforcement of this clause. 

Call 1-800 number and ask why. 

Contact your attorneys. They can be found at the official settlement site. Request a copy of the official settlement. 

Figures coming soon.