The deductible is the portion of a covered loss that you are responsible for under the policy. For example, if the covered loss is $4,500 and your deductible is $500, you would pay $500 and Allstate would pay the remaining $4,000, or up to your limit.
You will typically pay your deductible directly to the contractor once the repairs have been completed.
Safety risks like no water or electricity, or no access to your home, may mean that your home is considered “uninhabitable”.
Many insurance policies cover additional living expenses incurred in order to maintain a normal standard of living.
Some covered expenses include:
- Hotels or temporary housing
- Food and restaurant bills above your typical food costs
- Additional mileage for a longer commute to work
Your assigned adjuster will be able to discuss the claim specifics with you to make an Additional Living Expense determination.
If you have a covered loss, your claim team member may request detailed descriptions of damaged personal property. Details requested by the claims team member may include brand names, model numbers, purchase dates and purchase prices of any damaged items.
Covered claims may be eligible for settlement within 48-hours of adjuster assignment, although timeframes may vary based on the loss’s circumstances.
Contact your claim representative with any concerns, and they’ll work with you to find a fair solution.
If you have a mortgage on your home, the mortgagee (usually a bank) is typically named on your homeowners’ policy. Most mortgagees require that their name is included on claim payment checks over a specified amount. Contact your mortgagee to find out how to get their endorsement on the check.
Depreciation is a deduction from the settlement amount based on the depreciated value of property that adjusts over time. It’s affected by factors like the item’s age, condition and current market value.
Although you damage estimate shows a depreciation amount, Allstate may make additional payment to reimburse you for cost more than the actual cash value if you repair, rebuild, or replace damaged, destroyed or stolen covered property. Please note that this potential reimbursement is subject to the policy provisions. Most policies have a timeframe for recovering these additional funds, which your adjuster will review with you if applicable. The timeframe within the policy is for the actual repair/replacement and not for the submission of the receipts.