Allstate issues caution against contractor and insurance fraud following severe weather

March 1, 2021February 26, 2021 Marc

Insurance fraud - home repair - hammer and nail

The insurer has shared tips to its policyholders to help protect themselves against scams. The severe weather that struck the southern and middle states has provided a considerable opportunity for scammers interested in ripping people off through contractor and insurance fraud. Allstate is hoping that more people will learn its tips to keep themselves safe from scammers. The insurance company has issued these tips to equip Americans with the information they need to spot scams and stay away from them. Insurance fraud is already estimated to have reached about $40…

Moody’s expects Winter Storm Uri to result in billions in insured losses

February 26, 2021February 25, 2021 H. Cutner

The massive freeze and snowfall were particularly hard on Texas, though it struck much of the South. The powerful cold weather nicknamed Winter Storm Uri, smashed across the middle and Southern United States last week, leaving Texas especially devastated. According to Moody’s Investor Services, the insured losses from the weather will be in the billions. Winter Storm Uri, brought “snow, ice and some of the coldest temperatures in decades, particularly in Texas and across the Southern U.S.,” said the Moody’s report. This was particularly true on Valentine’s Day and through…

Allstate now offers new phone insurance

February 25, 2021February 24, 2021 Julie Campbell

Allstate phone insurance and what it covers

A good device protection plan means that a damaged smartphone – new or old – won’t cost a fortune. Allstate phone insurance is a type of device coverage that ensures you’ll get a quick repair or replacement if your smartphone suffers a disaster. The right insurance company and plan make all the difference to the coverage you receive. Allstate Insurance is exceptionally experienced in device coverage, as it has been providing Walmart’s Protection Plus plan for most of their products since 2018. Anyone who has done any comparison shopping –…

Climate change is likely increasing flood insurance rates quite a bit this year

February 24, 2021February 23, 2021 Marc

Increasing flood insurance rates - Flooding in neighborhood - shops & cars

The federal government is examining the cost of coverage on April 1, with data suggesting premium hikes. Much of the country is expected to see increasing flood insurance rates this year in order to cover rapidly rising costs resulting from climate change, according to new data that will create a substantial political struggle for the Biden administration. NFIP would need to raise its premiums by four times for covering high-risk homes in floodplains. The National Flood Insurance Program (NFIP) will need to send its premiums sky high in certain areas…

Allstate homeowners insurance rates increase following 191 hike approvals

February 19, 2021February 18, 2021 Logan B.

Allstate homeowners insurance rates - Home Money - Rates

The insurer has the green light to raise its premiums for property owners across 43 states. Following the receipt of 191 approvals from state regulators in 2020, Allstate homeowners insurance rates can rise in as many as 43 states. This would produce a premiums increase of an estimated $222.3 million, according to an S&P Global Market Intelligence analysis. Conversely, State Farm’s filings suggest that they will be reducing their premiums in 17 states. At the same time that Allstate homeowners insurance rates filings were seeking to increase premiums, State Farm…

Allstate California homeowners insurance opens the door for new policies

February 17, 2021February 17, 2021 Angela Linders

Santa Clarita Allstate insurance agent Kimberley Ellison is sharing this vital information with her community. California homeowners insurance policies have become an important focus for an Allstate insurance agent in the Santa Clarita area. Kimberley Ellison and her staff are thrilled with the widespread return of the comprehensive Deluxe Plus Homeowners coverage among many zip codes. They are taking extra care to educate local residents to ensure their needs are met. Allstate insurance has brought homeowners coverage back to over 1,500 California zip codes. In May 2007, Allstate closed their…

Nearly 100 insurance rate increases get the nod in Florida

February 17, 2021February 16, 2021 G. Turner

Insurance rate increases - Florida neighborhood

The state Office of Insurance Regulation green lighted the hikes, suggesting a struggling sector. The Florida Office of Insurance Regulation has given its approval to almost 100 property insurance rate increases across the state. This indicates that the industry conditions in the state have reached a difficult point. The approvals were issued to dozens of homeowners and business insurers that filed for the hikes. According to a report published by News 6 WKMG, dozens of property insurers filed court documents with the intention of obtaining approval for insurance rate increases…

Category: Homeowners Insurance