Common use of Property Insurance Adjustment Clause in Contracts

Property Insurance Adjustment. When the Policy Declarations indicates that the Property Insurance Adjustment condition applies: The limit of liability shown on the Policy Declarations for Coverage A Dwelling Protection will be revised at each policy anniversary to reflect the rate of change in the Index identified on the Policy Declarations. The limit of liability for Coverage A Dwelling Protection for the succeeding premium period will be determined by changing the existing limit in proportion to the change in the Index between the time the existing limit was established and the time the change is made. The resulting amount will be rounded to the nearest $1,000. Adjustment in the limit of liability for Coverage A Dwelling Protection will result in an adjustment in the limit of liability for Coverage B Other Structures Protection and Coverage C Personal Property Protection in accordance with the Allstate manual of Rules and Rates. We will not reduce the limit of liability shown on the Policy Declarations without your consent. D Any adjustment in premium resulting from the application of this condition will be made based on premium rates in use by Allstate at the time a change in limits is made. O C Allstate has the right to change to another cost index or to withdraw this condition as of a policy anniversary date by giving you at least 30 days notice. This applies only if the change or withdrawal applies to all similar policies issued by Allstate in your state.

Property Insurance Adjustment. D When the Policy Declarations indicates that the Property Insurance Adjustment condition Condition applies: O C The limit of liability shown on the Policy Declarations for Coverage A Dwelling Protection will be revised at each policy anniversary to reflect the rate of change in the Index identified on the Policy Declarations. U M The limit of liability for Coverage A Dwelling Protection for the succeeding premium period will be determined by changing the existing limit in proportion to the change in the Index between the time the existing limit was established and the time the change is made. The resulting amount will be rounded to the nearest $1,000. E Adjustment in the limit of liability for Coverage A Dwelling Protection will result in an N adjustment in the limit of liability for Coverage B Other Structures Protection and Coverage C Personal Property Protection in accordance with the Allstate manual of Rules and Rates. T S We will not reduce the limit of liability shown on the Policy Declarations without your consent. D A Any adjustment in premium resulting from the application of this condition will be made based on premium rates in use by Allstate at the time a change in limits is made. O C M P Allstate has the right to change to another cost index or to withdraw this condition as of a policy anniversary date by giving you at least 30 days notice. This applies only if the change or withdrawal applies to all similar policies issued by Allstate in your state.

Property Insurance Adjustment. E When the Policy Declarations indicates that the Property Insurance Adjustment condition applies: The limit of liability shown on the Policy Declarations for Coverage A Dwelling C Personal Property Protection will be revised at each policy anniversary to reflect the rate of change in the Index identified on the Policy Declarations. The limit of liability for Coverage A Dwelling C Personal Property Protection for the succeeding premium period will be determined by changing the existing limit in proportion to the change in the Index between the time the existing limit was established and the time the change is made. The resulting amount will be rounded to the nearest $1,000. Adjustment in the limit of liability for Coverage A Dwelling C Personal Property Protection will result in an adjustment in the limit of liability for Coverage B Other Structures Protection and Coverage C Personal A Building Property Protection in accordance with the Allstate manual of Rules and Rates. We will not reduce the limit of liability shown on the Policy Declarations without your consent. D Any adjustment in premium resulting from the application of this condition will be made based on premium rates in use by Allstate at the time a change in limits is made. O C Allstate has the right to change to another cost index or to withdraw this condition as of a policy anniversary date by giving you at least 30 days notice. This applies only if the change or withdrawal applies to all similar policies issued by Allstate in your state.