NORTHBROOK, Ill., Nov. 5, 2012 /PRNewswire/ -- Allstate and Allstate New Jersey announced that tropical cyclone and hurricane deductibles on property policies will not be applied for Northeast and several Mid-Atlantic states heavily impacted by Sandy. In determining whether the deductibles would apply, Allstate and Allstate New Jersey followed the standard process of analyzing the National Weather Service data and policy provisions by state.
Based on the applicable deductible criteria in our policy provisions, tropical cyclone and hurricane deductibles will not be applied for customers in New York, New Jersey, Delaware, Virginia, Maryland, District of Columbia, Pennsylvania, Connecticut and Rhode Island. All peril deductibles will apply.
"This decision will hopefully provide some additional measure of comfort and relief for our customers who are struggling to get back on their feet after this devastating storm," said Thomas J. Wilson, Allstate chairman, president and chief executive officer. "This is when Allstate's employees and agents really shine. Our catastrophe team and mobile claim centers are on the ground in hard-hit areas helping our customers assess their losses, file claims, find temporary shelter, and tend to basic needs. The good hands of Allstate are reaching out across all the communities impacted by Sandy and we will be supporting our customers on the long road to recovery."
Allstate and Allstate New Jersey policyholders whose homes or automobiles have been damaged or destroyed by the recent storm can contact Allstate or Allstate New Jersey by visiting their local agent, calling 1-800-54-STORM, visiting a Mobile Claims Center, or logging onto Allstate.com.The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate®" slogan, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®. As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $28 million in 2011 to thousands of nonprofit organizations and important causes across the United States. Allstate New Jersey Insurance Company services more than 450,000 households in the state of New Jersey. Widely known by its slogan "You're In Good Hands With Allstate®," Allstate offers insurance products (auto, life and retirement) and services through Allstate New Jersey agencies, independent agencies, and Allstate exclusive financial representatives. As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, and the corporation provided over $320,000 in 2011 to local nonprofit organizations. SOURCE Allstate
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV