Comments on: Allstate Accused Of Leaving Homeowners Dry

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

[toldyouso12]

The insurance industry, the banking industy, all these money institutions better clean up their act as should washington for writing laws with loopholes just for these jerks! We had a tornado in our area, i went to my insurance guy and asked to raise my insurance. He couldn''''t figure out why i wanted insurance that would "replace" my home and stuff rather than lowballing me with a policy that all told wouldn''''t even replace my stuff much less my house.

Posted by itgrammy at 08:04 PM : Jul 14, 2008


You should recheck the policy you finally did get. Many have hidden caveats that make it impossible to actually collect on your policy, instead they can just return the premiums. This goes for life insurance too. Americans have entered the nightmare of the Brazilian/Orwellian world ghetto. Every man is for himself--and that includes anyone you pay to protect you--this means they take your money now and more than likely, plan to never, ever deliver what you have been paying for--dismiss this at your own risk.

[toldyouso12]

No one is in good hands with Allstate--unless they want to commit suicide and "good hands" are the ones either around their throat, around the handle of the knife in their back, or around a gun preparing to blow their own brains out.

It is amazing that so many trust and do not understand that Allstate may be one of the most unscrupulous companies out there.

"I used to have insurance with Allstate. Had never filed a claim. Started with insurance on my home for 650.00/yr. Allstate raised that amount to 1200.00 in 1 yr and said it was because Ed McMahon had mold in his house in CA. My home had no mold and was in Iowa. The next year, they raised the rate to 2600.00/yr. They said it again was due to mold in McMahon''s home--when I reminded them that was last year''s excuse; they changed the story to say it was due to how far I lived from a Fire Station. I lived just 2 very short blocks from the main station that was on my own street. Then they said it was due to a hurricane--I told them to settle on a lie and perfect it for someone else. I was never late on a payment. Left them, never looked back. I have been a homeowner of more than one home for almost 30 yrs. The best of the best, has been SafeCo, then American Family Ins., then State Farm. Forget Allstate--they are liars, crooks and thugs who promise a lot then try hard to never deliver. Never trust a liar.

[tpeks40]

They must have slipped through All-State''s crooked fingers.

[omnibus66]

I carried Allstate on my cars for 21 years, and never asked them for anything, just paid the premiums. Then I had an engine fire in a VW, cost $1200 to repair.

After a long, involved process, which I had to grt thr State insurance commissioners office involved in, they finally paid the claim.

Within a week, Allstate notified me that they were canceling all of my policies.

''Good Hands''? Money grubbing liars!

[favrenot]

Well, here is how it is supposed to work. Your agent is the professional. He should be selling you the proper policy. Determining value of your home should be relatively easy. Appraisal, or local market conditions, what similar homes sell for. That being said, there are many other costs to consider. These are what makes or breaks a good policy. The cost to raze a home, if badly damaged needs to be considered. Will the company reside your home, if one wall has been damaged but the siding cannot be matched? Or will they just repair that wall and leave the rest to you. Do you have a code upgrade rider? Now, after your agent has sold you your policy, does he revisit it every few years? Or does he simply collect the premium and on to the next customer? One agent bragged about how out of 9 homes the insurance paid out policy limits on 8, no questions. Policy limits means one check, here you go. If you hit the limits, then everything else after that is your baby. This leads me to believe these people had the bare minimum of insurance, or not enough. Cut a check and run. Again, the agent is the professional. As a homeowner you look to them for the proper information and guidance.

[greeneyes222]

Allstate did the same thing to Katrina victims, so why is anyone surprised?

[brianbwb-2009]

"Go and check the hottest mature celebrities'''' videos on ---.com, it is a black dating sites." Posted by wiwi5

Better still, you go, and take your spam with you.

Reported, again.

[undrmyboot3]

Sounds sort of moronic to me. Were the HOMEOWNERS trying to save a few bucks on insurance? I''''ve never encountered an insurance firm that is not willing to sell you more insurance - that''''s their bread and butter!

Posted by tmn123 at 02:58 AM : Jul 15, 2008
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You are the moron. You just hate other people who live in "expensive places" and YOU cannot read.

1) These people ASKED Allstate to determine the rebuild cost of their home. THAT is Allstate''s job. They simply f''ed their customers with too-low replacement cost quotes.
2) Allstate UNDERSTATED the value so that they could make the policy sale. They were competing with other carriers on PREMIUMS. How did Allstate reduce the premium? They told the customer that THEY WOULD BE FULLY COVERED, then quoted them the lower premium on an insufficient policy. So Allsate MADE THE POLICY SALE knowing they were underinsuring the customer.

Of course, if YOU HAD READ the article you would know this you slug.

[tmn]

You mean the homeowners of these expensive places in California *really* had no idea what their property was worth until now? They knew nothing of what it would cost to rebuild?

Sounds sort of moronic to me. Were the HOMEOWNERS trying to save a few bucks on insurance? I''ve never encountered an insurance firm that is not willing to sell you more insurance - that''s their bread and butter!

[missingamerica]

Gee...yet another story like this, just when the possibility arises that private insurance companies may suddenly receive a massive influx of new money due to "universal health insurance".

Assuming, that is, that somebody makes the mistake of allowing them to get their hands on it - it offers the opportunity for Bush-like corruption and profiteering that perhaps could only be exceeded by "privatizing" Social Security.

When decisions are made about which insurance companies can be trusted to play nice with the bonus billions...even trillions...well, you would think Congress and whoever the President is would take each company''s past record of consumer satisfaction over the last few decades into consideration.

Wouldn''t you?

lolll...but maybe not. I mean, after all we did all have the pleasure of watching the Republicans prohibit the government from negotiating prices for Medicare.

When all too recent history documents the fact that one entire Party of a two-Party system is pro-corruption and pro-profiteering, it always makes the future look bleak.