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Allstate's been on 'lockdown' for years on LI HO policies.
Every so often I get a call to come back from a local broker. When I left Allstate for Homeowners, I also moved my auto business elsewhere. Now the brokers call trying to say they'll beat the premiums I have now. Even if the deductibles are raised sky-high, they never do.
Yeah since about 2007/2008 I believe...
It's very tough being an Allstate agent (not brokers) nowadays. They are hog-tied by their underwriting guidelines and since they are captive agents, they cannot place you with another company.
It's very tough being an Allstate agent (not brokers) nowadays. They are hog-tied by their underwriting guidelines and since they are captive agents, they cannot place you with another company.
No surprise, I've seen my old agent plus her replacement leave Allstate.
This is just completely false. There are well over 100 carriers that write homeowners insurance in NYS. I can name four off the top of my head that will write within 5000' from tidal waters on Long Island. With this much competition, your statement is completely invalid.
The heavily marketed (and captive) carriers such as Allstate, State Farm, Liberty Mutual, and Farmers (generally) stopped writing new policies on Long Island loooong ago. This is due to them taking on way too much risk in our area over the years, and they are simply trying to trim some exposure off of their books. There are plenty of high-rated, independent carriers that will write you a policy. You just need to find the right broker to assist you...one who knows where to go for coastal property risks.
The BIGGEST problem people face on Long Island right now is that since Sandy hit, most (not all) carriers will not write a policy for a home that suffered damage during the past 3 years...whether you owned the home or not at the time of the loss. But even still, there's always Lloyd's of London that will write a coastal property that falls into this category, where your broker can move you back to an admitted carrier after 3 years pass with no losses. More difficult to obtain? Yes. Impossible? Absolutely not.
I have lived on Staten Island for the past 33 years in the same house, high on a hill, about 5 city blocks from the water that at that point the sea is way, way, below street level, and yet Liberty Mutual, after being with them for over 15 years, and paying my bill in full, and before its time, cancelled my homeowners' insurance, several years' ago, way before super storm Sandy. Go figure.
I have lived on Staten Island for the past 33 years in the same house, high on a hill, about 5 city blocks from the water that at that point the sea is way, way, below street level, and yet Liberty Mutual, after being with them for over 15 years, and paying my bill in full, and before its time, cancelled my homeowners' insurance, several years' ago, way before super storm Sandy. Go figure.
You're forgetting something Rubies. It's not just the water that's the issue. It's also the WIND. The closer you are to the shore, the stronger the wind will be during a coastal storm...especially with those storms that track right along the coast.
SF quoted me $2600 whereas Allstate who brokers another company quoted me $1500. 2700sf colonial.
Allstate agents are captive agents (like State Farm) and their contract prohibits them from quoting other companies. If you have someone at an Allstate agency quoting you from other companies something is wrong. Proceed carefully.
Allstate agents are captive agents (like State Farm) and their contract prohibits them from quoting other companies. If you have someone at an Allstate agency quoting you from other companies something is wrong. Proceed carefully.
The policy is through the other company, letterhead, documents, and all, but the contact number is Allstate. I've contacted the company directly before [to double-check dwelling coverage] and it seems everything is on the up and up. But Allstate was the one who put me on them in 2010. https://www.occidentalins.com/ --> http://www.cru360.com/Occidental.aspx The benefit is I have Allstate auto and thus get a dual-policy discount.
Allstate themselves don't do homeowners apparently - just like my last house Geico had to broker Balboa. If you know more, please do tell. I haven't had to file a claim yet.
Wow. We're you grouping your cars into that quote as well?
I know 6 co workers who switched to SF and saved some cash.
I called 2 years in a row and they were way up there. Which branch do you use? I don't have any problems trying again.
So I have an idea of what # to expect, how much for how many sq ft did they quote you?
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