Allstate Home Insurance Review

#8 in Home Owners Insurance

Allstate Home Insurance Review

Allstate home insurance offers homeowners searching protection for their property and possessions a wide choice of plans to meet their individual needs. It provides protection for all standard types of home structures. Allstate insurance in particular offers insurance for older homes (HO8) which many of the other companies reviewed simply do not provide.

 

Home Insurance Products Offered

Homeowners

Renters

Condominium

Landlord

Manufactured Home

Flood Insurance

Personal Umbrella Policy

Identity Restoration Coverage

 

Net premium written (A.M. Best)

$24,796,256

 

Better Business Bureaus (BBB Ratings)

  • Not BBB accredited

 

Discounts

 

Age of Home Yes
Age of Policy Holder Yes
Multiple Policies Yes
Newly Purchased Home Yes
Newly Renovated Home Yes
Home Security Equipment Yes     

 

*** Factors that influence your insurance premium with Allstate

Deductible levels – the amount of risk you are willing to accept plays a large part in determining your premium. This is also referred to as your deductible level.

Type of property – Allstate provides coverage for homes, apartments and different types of dwellings. Other factors include your properties age and renovations made on the structure.

Location - your properties location and history of previous claims within the area are considered. Flood prone areas for example could increase your premium significantly.

History – all past transactions even those outside Allstate are factored. This includes your insurance score, claim history and continuous coverage.

Personal items located in your home – items (furniture, appliances) are usually covered under your policy.

 

Coverage

 

Covers cost of rebuilding/ repairing due to a covered peril Yes
Personal liability coverage for personal/ property damage Yes
Covers living expenses outside of the home during rebuilding/ repairs Yes
Coverage for medical expense Yes
Is widely available across the country Yes
Personal property insurance for loss or damage for covered instance      Yes            

 

Financial Ratings

Allstate Home Insurance gets an excellent grade from major financial review institutions. This makes it a solid company that can give homeowners the peace of mind that their policy would be able to deliver on its promises.

 

Bottom Line

Allstate Insurance is a recognized leader in the home insurance agency. It provides protection for almost every type of dwelling arrangement that any homeowner would need. Allstate offers all the standard coverage as well additional coverage if needed. Homeowners would also be happy to know that premiums are at par or even lower compared to others in the industry. A solid financial rating is a huge plus ensuring that you don’t only have that protection in paper but also when you need to cash in on those promises.