Allstate dropping 10K SC homeowner customers - FOX Carolina 21

Allstate dropping 10K SC homeowner customers

Posted: Updated:
An Upstate home for rent. (File/FOX Carolina) An Upstate home for rent. (File/FOX Carolina)
CHARLESTON, SC (AP/FOX Carolina) -

Allstate is dropping about 10,000 South Carolina home insurance customers.

Allstate is the second-largest writer of homeowner insurance in South Carolina. It has about 140,000 policies, second to State Farm's 300,000 policyholders.

Beginning with policies that renew on Oct. 9, 2012, Lemke said Allstate will not offer the option to renew to homeowner policies throughout South Carolina that cover homes insured for less than $220,000 that are over 10 years old and lack a motor vehicle insurance policy with Allstate which was effective prior to March 11, 2012.

Allstate spokesman Tracy Owens said it was a difficult decision but the company needs to drop the customers to remain financially strong for all its customers.

State Insurance Department spokeswoman Ann Roberson said Allstate is directing its customers to a competitor, Coastal Risk Underwriters.

Allstate Sr. Corporate Relations Manager Nancy Lemke told FOX Carolina that more than 90 percent of their policyholders will not be impacted by this decision.

Lemke said Allstate agents may be able to help the majority of these customers obtain alternate coverage from another non-Allstate insurance company.

Customers will be contacted by mail and encouraged to discuss options with their agent.

Copyright 2012 FOX Carolina (Meredith Corporation). All rights reserved. The Associated Press contributed to this report.

Powered by WorldNow
Fox Carolina
Powered by WorldNow CNN
All content © 2014, WHNS; Greenville, SC. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.