In brief: Allstate is adding a new policy type called House & Home that covers losses due to poorly maintained roofing.
The full story
With rising homeowner's premiums and increased denials of claims due to maintenance citations, Allstate plans to add a new policy type to cover the most common maintenance issue: roofing.
The new policy type launched in Oklahoma in October and is rolling out across the nation this year. The plan is based on the age of the roof and covers losses should a natural occurrence destroy the roof. It would also reward homeowners who voluntarily replace their roofing as part of maintenance on their home by lowering premiums for a short period after the work is completed.
Summing up
The policies can be purchased separately or as an addition to a current Allstate homeowner's policy.
Photo credits: Allstate Insurance / AP
