In North Carolina, some 70,000 homeowners are on the verge of losing their insurance coverage if they do not purchase auto insurance from Allstate. The large insurer announced last year that it would be dropping customers who did not bundle their property and auto insurance together through the company. Allstate’s plan affects nearly 50,000 consumers throughout the state, but the North Carolina Farm Bureau Mutual Insurance Co., the third largest property insurer in the state, is following Allstate’s example and may drop roughly 20,000 policyholders if they do not get…
Read MoreTag: allstate north carolina
Allstate to drop homeowners if they do not get their auto insurance from the company
In an effort to rein in on risk in North Carolina, Allstate has begun dropping homeowner’s policies for those that refuse to also purchase their auto insurance from the company. The 45,000 homeowners Allstate currently provides coverage for in the state have been informed that they must switch their auto insurance policies over to Allstate by December 15 of this year or risk losing their home insurance policies entirely. The company cites risk management as the driving force behind the initiative. Those that lose their coverage from Allstate are not…
Read More