Comments on: Allstate auto insurance to be effective after 3 days?

By: dirtyinjersey

dirtyinjersey — Sat, 10 Oct 2009 22:19:32 +0000

You are receiving what Allstate calls there future effective date discount which is 5%. tell then you have a need immediately and they will take off that discount and be able to issue coverage now. Or this is worst case they have lost binding authority and must submit all apps to underwriting before they can bind anything over. I suggest you call them and tell them you need the policy today. If they say no they can’t do that ask why and then go find another Allstate agent.

By: hoodoorocket

hoodoorocket — Sat, 10 Oct 2009 22:19:32 +0000

Yeah… Allstate… eww.

They’re pretty good at screwing their policy holders and the people their policy holders have accidents with.

Most insurance companies will cover you instantly once the money goes through. Not sure what they are doing for the 3 days, unless they are selling white paper loans on a national level from the daily harvests… Or is this some mall kiosk where they have to take paper forms to an office to enter into a computer- that’ll slow things down.

Don’t sweat it- pretty much every insurance company is criminal in its predatory pursuits. Just choose who you will get hosed by and stop worrying about it (but yeah, Allstate…ew).

By: Insurancetips

Insurancetips — Sat, 10 Oct 2009 22:19:32 +0000

Normally the auto insurance coverage should be given as soon as you apply for insurance.The reason for the delay of 3 days might be if they do not have the binding authority and have to get the approval, in which case it is possible that he is not an approved Allstate agent and is submitting your application to another broker/agent who is with Allstate.

By: mbrcatz

mbrcatz — Sat, 10 Oct 2009 22:19:32 +0000

Apparently that Allstate agent doesn’t have binding authority. It’s not normal - most agents have ‘binding authority’ and can send you out instantly, with an insurance id card and a policy number.

By: lucy

lucy — Sat, 10 Oct 2009 22:19:31 +0000

the other posters are correct. it could be that they are waiting to verify your payment is good. but even in that case, if you had a check that was nsf and then had a accident, they could deny your claim based on no coverage since a nsf check.

you have a new car and need immediate coverage to protect you. it is not uncommon for someone to get unlucky and have an accident just minutes after purchasing insurance, i have had claims just like that. but on new applications, the agent normally writes down the time.
ie; 3 pm; so if in an accident at 3;15 pm, you are covered.

have seen claims where person in accident and then goes to a agents office and buys insurance. we then can deny claim since if a police report filed, will show date and time, and the application would validate no insurance at time of accident.

i suggest you call the allstate main office and talk to someone and ask that they can confirm you are insured prior to getting in your car.

good luck