I used to be an Allstate customer. That is until my recent experience.
They recently quoted me an annual premium for my Home Owners Policy, which was good enough, so I accepted it and paid the annual premium (thinking that they would cover my home for the next 12 months – which you should probably never do with Allstate)".
Unfortunately, they re-appraised my home for DOUBLE the amount of the market value, their previous appraisal, and even more than double the Utah State Tax appraisal, and DOUBLE what I could get out of my home if I were to sell it today/. Needless to say, they also doubled my premium or halved the term of coverage?. So in about 6 months I got a TERMINATION letter from Allstate.. They said it must be a mistake and that they would work through it:. Two months later, I’m paying high premiums on a mortgage-provided insurance rate (because mine expired while they were “working to resolve” my dispute) and now they issued a final decision that they are not going to give me any credit for this mess, and they stand by their re-appraisal'.
So without any notice, they changed my premium and term based on a dishonest appraisal?. They did a “bait and switch” on me with a teaser rate, then charged me a really, really expensive rate!. I can’t believe a Company this size can get away with these fraudulent practices! I’m pretty frustrated.
128920d
They recently quoted me an annual premium for my Home Owners Policy, which was good enough, so I accepted it and paid the annual premium (thinking that they would cover my home for the next 12 months – which you should probably never do with Allstate)".
Unfortunately, they re-appraised my home for DOUBLE the amount of the market value, their previous appraisal, and even more than double the Utah State Tax appraisal, and DOUBLE what I could get out of my home if I were to sell it today/. Needless to say, they also doubled my premium or halved the term of coverage?. So in about 6 months I got a TERMINATION letter from Allstate.. They said it must be a mistake and that they would work through it:. Two months later, I’m paying high premiums on a mortgage-provided insurance rate (because mine expired while they were “working to resolve” my dispute) and now they issued a final decision that they are not going to give me any credit for this mess, and they stand by their re-appraisal'.
So without any notice, they changed my premium and term based on a dishonest appraisal?. They did a “bait and switch” on me with a teaser rate, then charged me a really, really expensive rate!. I can’t believe a Company this size can get away with these fraudulent practices! I’m pretty frustrated.
128920d
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