Comments on: Allstate Accused Of Leaving Homeowners Dry

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

[piercetheval]

...Their slogan should be: "Your in good hands with Allstate, until you need us and then we''ll drop you like a hot potato!"
...as they did me in 1990...screw Allstate!

[l8c6]

They will treat you well, they rely on their reputations to keep customers and grow. Homeowners insurance is very reasonable. A few more dollars spent, is money well invested.

Posted by favrenot

Good advice and commentary. Large companies are impersonal and unaccountable to local communities. They exist to meet the "right to wealth" of their shareholders. This does not provide good service to the customer or the community.

David C. Korten''s book should be read by all. We the people must fix our country. The corporate hoes in Washington do not exist to serve the citizens but rather the global corporate oligarchs.

[finrock56]

To all that have responded to my post. My wish is that you call your Agent, set an appointment if he or she can''t talk to you on the phone go over your homeowner policy section by section. Does it have replacement coverage on roof, structure, contents...etc. How much coverage is there on jewelry, does it cover my diamond if it falls out somewhere and I can''t find it.
Don''t wait till a disaster occurs to find out that you are not covered or underinsured.

[liberalme]

A million dollar home which was probably a 250k home not many years ago. Unfortunate that people''''s fiat currency incomes do not keep up with the hyped artificial rise in values and are forced to consider leaving their homes. So much for really owning anything in america when the fiat currency keeps us all down as the fiat treasury notes get watered down.

Posted by l8c6 at 10:40 PM : Jul 14, 2008

This is very true, however it''s up to the homeowner to determine the value of his home--get an appraisal--that''s the best way.
Insurance agents only know what the customer tells them and what little information he can get from the property appraiser office.
They don''t know the interior as many customers downplay what they actually have to keep the premium low.

+

[runningralph]

Consumers should buy enough insurance to meet their needs. If they only buy 100k and they need 200k, well, guess what? They will come up short. DUH!

[favrenot]

As a restoration contractor, we deal with numerous insurance companies on a regular basis. Without naming names, I can honestly say the nearly all of the big players,the ones that advertise nationally, are insurers that have one thing in mind, the bottom line. Their policies are written to deny or limit coverage. The amounts that they pay to return your home to its pre-loss condition are not sufficient to properly do the job. There are also some very good insurance companies. Acuity, West Bend Mutual, Sentry, Society, all truly step up to the plate and do what it takes to properly take care of the insured. Just because the big guys run commercials and tell you how great of a "neighbor" they are, or how you are in helping "hands", I can say from experience, they are big business, and they will do as little as possible to meet their obligations. Just look at Katrina, or other big disasters. Bottom line, they try to deny coverage. Look to your smaller regional Mutual Companies. They will treat you well, they rely on their reputations to keep customers and grow. Homeowners insurance is very reasonable. A few more dollars spent, is money well invested.

[l8c6]

You''''re right, I have had customers with million dollar homes who are too cheap to pay the premium for "replacement cost".

Many of my customers have no idea when the house was built, the square footage, what kind of roof they have or anything else for that matter-bottom line? Cost.

Posted by liberalme


A million dollar home which was probably a 250k home not many years ago. Unfortunate that people''s fiat currency incomes do not keep up with the hyped artificial rise in values and are forced to consider leaving their homes. So much for really owning anything in america when the fiat currency keeps us all down as the fiat treasury notes get watered down.

[l8c6]

People are afraid to contact their agent for good reason. There is no personable relationship with huge corporate conglomerates. It''s all a statistical computer data base. This is just how the oligarchs want it. Efficiently collect the money and intimidate the clients to keep them at bay. Someday parents will be reading fables and fairy tales to their children of the mysterious wealthy who live behind their gated enclaves. Just like the old european world kings and castles the economic world the american revolution was opposed to.

[liberalme]

As the wife of an Allstate Agent, I am sick and tired of the media always putting the blame on the Insurance Company or the Agent. As a consumer, you have the responsibility to read your policy and ask questions.
In the 15 years, I have worked in his office most people are more concerned about the price of the premium and not the coverage.

Posted by finrock56 at 10:

You''re right, I have had customers with million dollar homes who are too cheap to pay the premium for "replacement cost".

Many of my customers have no idea when the house was built, the square footage, what kind of roof they have or anything else for that matter-bottom line? Cost.

[l8c6]

Private insurance companies are one example of corporate efficiency. Efficiency of lining the pockets of the super rich.

How else does 1% of the population hold more wealth than the other 99%?

Oligarchs are poised for a hostile takeover of an even greater magnitude.

[itgranny]

finrock56: "you have the responsibility to read your policy "

you mean the 30+ pages of smallprint lawyer lingo i get every 3 months that they can change at a whim. The papers that even my agents don''t want to take the time to explain to me? that set of papers?

[l8c6]

As the wife of an Allstate Agent, I am sick and tired of the media always putting the blame on the Insurance Company or the Agent. As a consumer, you have the responsibility to read your policy and ask questions.
In the 15 years, I have worked in his office most people are more concerned about the price of the premium and not the coverage.

Posted by finrock56


Problem is, if you contact your agent it goes into their computer data base and factors into you being a higher risk. Ask questions and they suspect you are going to make a claim and they raise your rates.

[linfinster]

Cooked scabs of society that allows record profits like that? There are some things that should be not for profit, medical .. and don''t say quality would suffer! The money is there! In the elite''s pockets.

[finrock56]

As the wife of an Allstate Agent, I am sick and tired of the media always putting the blame on the Insurance Company or the Agent. As a consumer, you have the responsibility to read your policy and ask questions.
In the 15 years, I have worked in his office most people are more concerned about the price of the premium and not the coverage.

[l8c6]

Not all corporations are evil just because they make profits! No wonder your ratings stink. Typical drive-by media attacks.
--- fairbalance3


A fair and balanced report from the bullies of the working class. We''re all just a bunch of whiners. Go to h*ell, don''t pass Go, Go straight to h*ell.

Many have been led astray and work for corporations but corporate unaccountability to communities is definitely at an all time high. Corporations have been absolved of social responsibility and place profits for their shareholders above all else. If this were an individual they were be diagnosed a sociopath.

Read David C. Korten''s latest book. It''s an eye opener.

[cyberus-2009]

----
The intent of these people is to protect their imperial status by telling everyone else that if the investor class is permitted to get richer, this will lift the wealth of all. You see, by not paying out, this allows the rich to get richer and it motivates everyone to strive to get rich too so we can all self insure. Think it''''ll work?
----
Thats called "trickle down economics" .. its a theory that hasn''t worked yet.
What it is in reality is "we are going to stand up here and peee on your head and tell you to enjoy the warm feeling"

[piratecafe]

Anyone insuring with Allstate after everything they''ve done in the Southeast should consider themselves warned. They are not the good hands people; they are the boxing gloves people. Each customer is only a dollar sign for them, no matter what Bob Daniels says.

[fairbalance3]

What a piece of garbage reporting... this story was extremely biased to one side. This is not journalism, it''s a joke. It''s absolutely ridiculous that corporations are always portrayed in a negative light by you people. Not all corporations are evil just because they make profits! No wonder your ratings stink. Typical drive-by media attacks.

[alpine42]

I love how some these financial and insurance "geniuses" get on here and tell everyone how much they know and then tell us what these poeple should have done. Alot of the people that this happens to are uneducated, senior citizens and immigrants. True, there are some that should know better and do not fall under these catagories. But, for some to act like a genius, by comparing what they did to these types of poeple, in general did, is just sad. Talk about low self esteem.

[l8c6]

In 2006, the company hit a record profit of $4.9 billion.

Allstate''s Bob Daniels says its customers are more valued than profit.


The numbers tell the story. In 1992 the world had 200 plus billionaires. As of recent years it was 600 plus. The top 1% have more wealth than the bottom 99%. This unsustainable economy is breaking the hopes and dreams of human inhabitants. Life, liberty and the pursuit of happiness has been destroyed by oligarchs who claim to love america but have simply exploited it for private gain. This was not what the american revolution was about. These promoters of an unjust economic system are in fact the ones who have been the greatest threat to america. They claim to love country and God but really wish to control and possess both.