Cleaning & Restoration Breaking News

Allstate creates new Texas homeowner program; limits mold remediation costs

Allstate said its Texas homeowners insurance subsidiary, Allstate Texas Lloyd's, won state approval on endorsements that provide broader coverage to the homeowners HO-A insurance policy.

IRVING, Texas -- The Allstate Corporation (NYSE:ALL) said its Texas homeowners insurance subsidiary, Allstate Texas Lloyd's, received Texas Department of Insurance approval on endorsements that provide broader coverage to the homeowners HO-A insurance policy. This will create a new product option called the "Allstate HO-A-Plus," which gives Texas homeowners customers a viable insurance product with coverage in between the two policy forms previously available in Texas -- the minimal HO-A policy and the more comprehensive HO-B.

Allstate anticipates the HO-A-Plus will cost an average of 20 percent less than the current Allstate HO-B policy available today, which specifies limits for remediation of mold resulting from a covered water loss at $5,000.

HO-A-Plus will be the primary product offered by Allstate to Texas homeowners customers beginning in 2002. Allstate anticipates offering it to new customers in late January and to current Allstate HO-B customers at renewal beginning in March.

"This is good news for Allstate policyholders in Texas," said Gary Briggs, Allstate Field Vice President. "We applaud Commissioner Montemayor for allowing Allstate to offer Texans a new choice for homeowners insurance coverage."

Allstate has seen sharp increases in homeowners' insurance claims in 2001 for water losses and mold damage stemming from those losses. However, Allstate said that other factors independent of mold are also driving losses in Texas, forcing the insurance giant to significantly raise rates this year on its HO-B policy.

The general cost of construction and property repair has risen substantially in Texas. And the potential for property damage due to weather-related catastrophes such as hailstorms, tornadoes, wind, and hurricanes is greater in Texas than in almost any other state.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine


2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.png


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view