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Allstate Offers Additional Relief to Customers via Deferred Payment.


Company to defer required payments for wildfire victims in affected Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  counties

NORTHBROOK, Ill. -- Allstate Insurance Company announced today that effective October 26, 2007, they have implemented up to a 30-day deferred payment period for customers located in counties directly affected by the wildfires in southern California.

Deferred payment means that customers who qualify for deferred payment and are unable to make their premium payments will not be penalized pe·nal·ize  
tr.v. pe·nal·ized, pe·nal·iz·ing, pe·nal·iz·es
1. To subject to a penalty, especially for infringement of a law or official regulation. See Synonyms at punish.

2.
 with a loss of coverage during the deferment period Deferment Period

The period after the issue of callable security during which it cannot be called by the issuer.

Notes:
Different types of securities will have a call option allowing the issuer to buy them back at a predetermined price.
. If a qualifying customer continues to make payments, even if it's not the minimum due, their payments will be credited toward the outstanding premium amount. If a qualifying customer has a renewal policy offer pending during this timeframe, but is unable to make a payment, their policy will continue to be in effect. Additionally, installment fees will be waived during this timeframe.

"We have been focused on meeting the needs of our customers affected by these devastating dev·as·tate  
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.

2. To overwhelm; confound; stun: was devastated by the rude remark.
 wildfires," said Robert "Hank" Barge III, field vice president for Allstate Insurance in California. "This is just one more way we're working with our customers to help them get on the road to recovery as soon as possible."

Customers who qualify for deferred payment and are currently enrolled in the Easy Pay Plan, Mortgagee mortgagee n. the person or business making a loan that is secured by the real property of the person (mortgagor) who owes him/her/it money. (See: mortgage, mortgagor)


MORTGAGEE, estates, contracts. He to whom a mortgage is made.
 Pay or Payroll Deduction programs will not automatically be placed on a deferred payment schedule. If, however, funds are scheduled for removal from a customer's account in the impacted areas and no funds are available, the qualifying customer will be removed from the program(s) and rolled over to the deferred payment schedule.

If a customer would like to make a payment and cannot mail it in, credit/debit card and check payments can be made by calling 1-800-ALLSTATE or by visiting the Customer Care Center online at www.allstate.com. Customers with questions about the deferred payment policy may also call the customer service phone number listed on their policy or statements.

Counties currently impacted by this decision include Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , Ventura, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Bernardino San Bernardino, city, United States
San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854.
, Orange and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. .

During the initial 30-day period and beyond, Allstate will continue to work with officials in California to monitor the situation and adjust the deferred payment program as warranted.

Companies within the Allstate family include: Allstate Insurance Company, Allstate Motor Club, Allstate Life Insurance Company, Allstate Workplace Division, Lincoln Benefit Life Company, Surety Life Insurance Company, Encompass Insurance Company and Deerbrook Insurance Company.

The Allstate Corporation (NYSE NYSE

See: New York Stock Exchange
: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate([R])" slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,600 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate([R]). Encompass([R]) and Deerbrook([R])Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.
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Copyright 2007, Gale Group. All rights reserved.

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Publication:Business Wire
Date:Oct 29, 2007
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