Allstate Worst Insurance Company For Consumers
Anderson Injury Lawyers | November 24, 2022 | Personal Injury
If you’re thinking about doing business with Allstate Insurance, think again. The American Association for Justice recently released a report detailing the various ways in which Allstate is one of the worst insurance companies for consumers.
From their predatory practices to their unfriendly customer service, there are many reasons why you should steer clear of Allstate. Here are some of the reasons you should avoid this company:
They’re Known to Put Profits Over Customers
Allstate’s profits are more important to them than paying out legitimate claims. Allstate has been fined millions of dollars for improper notifications and claims handling. Specifically, they’ve failed to correctly calculate payments to customers for loss of earnings from work and failed to pay statutory interest on overdue payments.
In Texas, Allstate agreed to pay more than $70 million for overcharging homeowners for property insurance. Additionally, the company’s former CEO admitted in 1997 that the company had reduced payouts to increase profit. While this was a long time ago, it doesn’t appear that Allstate has changed its tactics.
They Offer“Lowball” Settlement Offers
A lowball offer is an initial settlement offer that is significantly less than what your claim is actually worth. Allstate is known to make quick, lowball offers to financially vulnerable accident victims. They hope that victims will be so grateful to receive any money that they’ll take the offer without bothering to negotiate for more.
They Delay and Deny
Allstate has been known to stall and delay payment on valid claims. As indicated above, they often try to get the policyholder to agree to a low settlement offer. If the policyholder refuses, Allstate will then drag its feet in processing the claim, often leaving the policyholder without the money they need to repair its vehicle or property or pay for medical expenses.
Allstate has also been known to deny legitimate claims outright. This is especially true for personal injury claims. Allstate is notorious for offering unfair settlements to claimants and then dragging their feet in the hopes that the claimant will get frustrated and give up. Fortunately, there are Fort Worth injury lawyers that can assist if you’re having trouble with an insurance claim.
Allstate Tells Agents To Lie
Allstate agents have been told to treat customers like “enemies” and use “boxing gloves” when dealing with them. Agents were also told to lie to customers and withhold information from them. Additionally, supervisors at the company told agents to lie about fires being caused by arson. In exchange for this, the agents were given rewards, such as portable fridges.
All in all, doing business with Allstate is a risky proposition that is likely to leave you disappointed, frustrated, and spending a lot of money out of pocket. The company has a history of poor customer service, high turnover rates, and unethical business practices. If you’ve been injured in a car accident and are thinking about making a claim with Allstate, be aware that you’ll likely be facing an uphill battle.
What You Can Do If You Are a Victim of Bad Faith Practices
The first step is to understand your rights. You should know what your policy covers and what the insurance company is required to do under the law. This will help you determine whether the insurance company is acting in bad faith or not. If you have been denied coverage for a claim that should be covered, don’t give up. You may be entitled to reimbursement for your out-of-pocket expenses, compensation for your pain and suffering, and punitive damages. An experienced attorney can help you recover the full amount of damages that you are entitled to.
No one should have to worry about whether their insurance company will fulfill its obligations under the applicable policy. Unfortunately, that is not the case with Allstate. If you are an Allstate policyholder who has had your claim denied or delayed, or if you have been offered a low settlement, you may be a victim of Allstate, the worst insurance company for customers. Contact Anderson Injury Lawyers today for a free consultation to learn more about your rights and how we can help you recover the damages you are entitled to.