Comments on: Allstate Accused Of Leaving Homeowners Dry

Calif. Homeowners Say They Were Misled Into Being Underinsured - And Weren't In "Good Hands"

[darnedsocks]

THERE ARE A LOT OF INSURANCE COMPANIES MUCH BETTER THAN ALLSTATE THAT WILL PAY IN FULL! DON''T LISTEN TO ANY EXCUSES! ALLSTATE IS COMMITTING FRAUD BY PROMISING TO COVER EXPENSES THEY DON''T WANT TO OR CAN''T COVER. THAT IS FRAUDULENT! IF THEY CAN''T PAY, THEN THEY SHOULDN''T PLAY!

[darnedsocks]

ALLSTATE ARE CROOKS! THEY ARE RIPPING OFF EVERY SINGLE PERSON WHO HAS A CLAIM AND THEY HAVE BEEN DOING IT FOR QUITE AWHILE! THEY RIPPED ME OFF FOR OVER A $1,000....BUT EVEN WORSE THERE ARE LITTLE CHILDREN INJURED IN AUTO ACCIDENTS WHO ARE NOT GETTING ALL OF THEIR MEDICAL CARE COVERED BECAUSE ALLSTATE IS RIPPING OFF THEIR PARENTS! ALLSTATE IS HORRIBLE! THEY ARE CROOKS! LOOK AT WHAT CONSUMERS HAVE TO SAY ABOUT ALLSTATE AT http://www.my3cents.com/! THEY ALLEGEDLY ARE ALSO BEING INVESTIGATED BY THE WASHINGTON APPELATE COURT FOR VIOLATING LAWS PERTAINING TO SETTLING CASES PROPERLY AND PROMPTLY AND IN GOOD FAITH!

[toldyouso12]

CORRECTION:

Both of you should KNOW that not for profit means that the businesses exist only to help people. Insurance companies were never created to help people. They are just legal protection rackets. The goal is to offer protection, collect the money, occassional make a great payout--attract more money and gamble that the money collected can be invested to make more money--but only rarely should there be a payout.

This is why insurance companies always try to bail out of major catastrophe areas--it is a bad risk for them. They NEVER existed to really help anyone out--it is a gambling, numbers running sort of game. With the company banking on the fact that most of their customers will pay in, they will keep the money and invest it, and the customer will never collect OR they will find a reason never to pay out.

Insurance companies that are NTP are usually state run and owned companies--all else would not be in business, if the money and risk factors were not in their favor. It really is a scam.

Posted by toldyouso12 at 09:25 AM : Jul 15, 2008

[wadyaknow]

Don''t you recall the Allstate ripoff during Hurricane Andrew?

[toldyouso12]

Insurance companies should be not-for-profit.The insurance industry is a scourge. Posted by djberson

Bravo! Amen.

Peace

Posted by berniepeders at 09:20 AM : Jul 15, 2008


Both of you should no that not for profit means that the businesses exist only to help people. Insurance companies were never created to help people. They are just legal protection rackets. The goal is to offer protection, collect the money, occassional make a great payout--attract more money and gamble that the money collected can be invested to make more money--but only rarely should there be a payout.

This is why insurance companies always try to bail out of major catastrophe areas--it is a bad risk for them. They NEVER existed to really help anyone out--it is a gambling, numbers running sort of game. With the company banking on the fact that most of their customers will pay in, they will keep the money and invest it, and the customer will never collect OR they will find a reason never to pay out.

Insurance companies that are NTP are usually state run and owned companies--all else would not be in business, if the money and risk factors were not in their favor. It really is a scam.

[berniepeders]

Insurance companies should be not-for-profit.The insurance industry is a scourge. Posted by djberson

Bravo! Amen.

Peace

[berniepeders]

Not all corporations are evil just because they make profits!... Posted by fairbalance3

I agree, any and all corporations are entitled to, and expected to, make a profit. But we''re talking PROFIT here, 4.9 BILLION dollars! Can you say "extreme greed"?
Even if they cut their profits down to ONE billion, imaging how much money their policy-holders would save on premiums. But of course, that''s not their problem, right? Just squeeze them for every last penny. It''s makes me so mad, I could spit. (Ptooie!) There, I just did. Feel better now.
Peace

[a8151947]

Who is this NUT.

Here we go again. Lets whine and blame another for our ignorance. Alas, Don''''t worry the government will bail you out again. Let''''s see, living below sea level, buying more house than we can afford, having children we can''''t afford, buying less insurance than we need, my kids are ugly, my wife is fat, sounds like another worthless reality show to me. Don''''t worry if it flops the government is there to bail you out, just in case you have no talent, or intelligence.

Talk about a nut. This is it. This is worst then Allstate.

[toldyouso12]

Allstate won''''t insure Flood Damage, Wild Fires or Earth Quakes. Their moto should be "If God did it we won''''t Insure it"

Posted by ianlou at 09:11 AM : Jul 15, 2008


Actually, most insurance policies from most companies do NOT insure "Acts of God" or war unless you have a special rider. To get insurance for floods, hurricanes, wind damage, earthquakes or other such acts now, you have to pay more and take out riders. Especially for floods. Almost all policies as a rule do NOT cover floods--in some places, buying the rider is mandatory (like earthquake riders in CA and flood riders near major rivers and on the coast) People should know that the basic policy, which is required by law on anyone with a mortgage--is for replacing your refrigerator or the air cond. when the power surges--a lot of other features have so many hurdles and rules, that you must pay "extra" to get a clear payout. This means adding riders to your policy. NOte: in many places, hail damage now requires a rider.

[a8151947]

This is not news. They do this every year and people keep buying from them. The only ones at fault here are the idiots buying from Allstate. Allstate is the worst companie in the USA. Stop buying fome them. If you don''t you will get screwed.

[ianlou]

Allstate won''t insure Flood Damage, Wild Fires or Earth Quakes. Their moto should be "If God did it we won''t Insure it"

[xmanborg]

All State just a bunch of Money Hungry Nazis that take you payments and promise you that "Your in Good Hands" and then when something happens there is always a bunch of RED TAPE and Extra Forms to fill out that Delay everything. Prime EXAMPLE, The Gulf Coast. Heaven Forbid if the NEW MADRID FAULT ever goes off again like it did back in the early 1800s with THREE 9.0 earth quakes. The Mid-West & Memphis and St Louis and KC will be destroyed and were will the GOOD HANDS of All State Insurance be not helping the people.

[ianlou]

Allstate should be required to change their name to "Allstate except Gulf Coast states, California, and Mississippi Flood Plane States"

[djberson]

Insurance companies should be not-for-profit.

The insurance industry is a scourge.

[penrod8]

Here we go again. Lets whine and blame another for our ignorance. Alas, Don''t worry the government will bail you out again. Let''s see, living below sea level, buying more house than we can afford, having children we can''t afford, buying less insurance than we need, my kids are ugly, my wife is fat, sounds like another worthless reality show to me. Don''t worry if it flops the government is there to bail you out, just in case you have no talent, or intelligence.

[toldyouso12]

It doesn%u2019t appear that they have change much. Yep, you are in good hands with Allstate. They just forgot to tell you that the middle finers of both hands are raised.

PS stay awa from Progressive as well, they are worse than Allstate

Posted by three-o-six at 08:27 PM : Jul 14, 2008


Great!! Pass on the info about who the worse companies are!!! I agree that AllState is terrible!! Those good hands? They are around your necks!! LOL

for Homes--SafeCo. is very good, as is American Family Ins. I hear State Farm is good.

For cars--AAA pays the least they can get away with and only after bugging them for a while.

Insurance companies are NOT actually in the business of actually paying out money--they are gambling they keep your money and you either never need them, or they pay very little (due to loopholes) or they weasel out of it all, due to shoddy legislation. lying, and political handgrease jobs.

[toldyouso12]

So let''''s see, they can get a check for $350,000 to rebuild that overpriced overvalued McMansion they lived in which is in a disaster type area which WILL burn again, they paid how much in premiums a month?

Stop whining rich beech! buy a freaking $100,000 house and shut up already.


"We were grossly underinsured, as apparently everybody has been," Emery said."

No, you weren''''t willing to pay the PREMIUMS for full coverage replacement insuarance with built-in inflation increases, you got the $300/mo policy when you SHOULDA had the $1000 policy.
I''''m amazed they would even insure a house, er overpriced McMansion at all in an area prone to disasterous WILDFIRES or floods.

Posted by newster1 at 08:57 PM : Jul 14, 2008

**** idiot. In many places, where people have their JOBS--even an old 2 bd 900 sq ft bungalow can cost over 500K. Just because you live somewhere there are 100K houses does not mean the rest of the country has them--and here''s a news flash people live where their jobs are and jobs do not create themselves to suit where prices are low and houses are cheap;. Where I live, you could not get a home for less than 500K. And that is not a rebuilt "Mcmansion" it is just the housing market reality in a lot of large cities.

[beehive21-2009]

Allstate sounds very bad,I''m selling Allstate , today,cashing in.

[toldyouso12]

Insurance agents are like car dealers and lawyers and politicians and financial advisore--they are liars and cheats. Their main goal is to secure their own wealth by getting people to commit to monthly payments to them for life. This means NOT selling you what you really need but what will net them the most premiums or insure you make a monthly payment.

Insurance agents are not adjusters or appraisers. Their job is limited to offering a boutique of services or companies and they are paid by how many the customer buys and at what monthly price. Reality hits when what is "sold" to the customer has to be realized. Many agents sell almost any kind and brand and company of insurance. Most are NOT trustworthy--they just want to sell you something and if it does not work out--the odds are in their favor that you won''t even be their customer or blame them when the ****** hits the fan.

Advisor/expert? Puhleese--most of these people regurgitate the company lines they are given and few really match home to policy. Not anymore. Every man for themselves. Note: anyone who lives within 5 miles of any major waterway or tributary (creeks, rivers, streams, sea, etc) should get flood insurance whether they are in a flood plain or not. If someone does not come out to see your home, they will not be paying for the replacement of it in the future--bank on that.

[hunterdon6]

I found out that my house was being insured for only half the replacement value. The insurance agent said that he figured that I would want to do all the work of rebuilding myself. I changed agents and insurance companies.