Allstate dropping 10,000 homeowners who dont bundle auto and home coverage and other reasons
Allstate, one of South Carolina’s largest insurers, is dropping about 10,000 property owners who don’t bundle their home and auto coverage, have older houses and insure their homes for less than $220,000.
The move comes after the insurance company told 45,000 homeowners in North Carolina last year that it would not renew their policies if they didn’t have Allstate vehicle insurance.
With about 140,000 homeowner policies, Allstate is the state’s second-largest home insurance company after State Farm, which has about 300,000 policyholders.
“It’s a difficult decision” to non-renew customers, said Tracy Owens, an Allstate spokesman in Atlanta. “But we’re doing things to try to remain financially strong for all of our customers.”
Read more in tomorrow’s Post and Courier