Wed, Jul 23, 2014, 7:47 PM EDT - U.S. Markets closed

Recent

% | $
Click the to save as a favorite.

The Allstate Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • supsalemgr supsalemgr Nov 12, 2012 11:55 AM Flag

    Schumer urges weather agency to keep Sandy labeled a tropical storm - could boost deductibles to $20,000, compared with $1,000 for a tropical storm

    I have read some carriers are not going to invoke the higher deductibles. From a pure contract standpoint it would depend upon the wording in their policy. Some policies say "hurricane" and others use terms like "tropical cycline" which includes tropical storms. Also, there is usually a time frame for the higher deductibles to apply. Many say 48 hours before and after a storm is named. The bottom line however for Sandy is that it is more of a water event than a wind event. Therefore, most HO polices will not apply. This is no Katrina when there was quite a wind or water debate. The homes are intact and the water lines will be very definable.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
ALL
58.33+0.24(+0.41%)Jul 23 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.