American Bankers Insurance Company of Florida Flood Insurance Reviews
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| Reviewed past Leslie Kasperowicz |
UPDATED: Jan x, 2022
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American Bankers Insurance Company of Florida is a property & casualty insurance visitor that operates nether the name Assurant; this is the proper name that is front and middle on the company website. They write specialty home insurance across the nation.
If you lot need to compare insurance companies, we offer a free online comparison tool that can help you lot. Reviewing and comparison insurance products across the board can help you find suitable policy service options, rather than selecting an insurer based off what the television shows you. Plus this lets you see which companies have stable outlooks, and what their customer reviews are like.
What is American Bankers?
American Bankers was founded in 1947 and has its headquarters in Miami, Florida. They operate equally a subsidiary of American Bankers Insurance Grouping, and they use the name Assurant equally their DBA (doing business as) brand.
American Bankers underwrites home and alluvion insurance policies in near states under the Assurant Specialty Property name, while two other subsidiary companies are the underwriter for Assurant in Minnesota and Georgia.
The visitor writes specialty homeowners that include manufactured homes and has a strong focus on renters insurance. The website gear up up is confusing, with several web addresses and links, all with different data. Unless y'all know to look under the name Assurant Specialty Property, you would accept a hard time finding the correct website. The concluding time we reviewed this company the offerings were more widespread, merely they appear to take focused on 2 master products.
Assurant does offer coverage to individuals merely also has a lot of concern in the lender-placed insurance market. That means they provide force-placed insurance policies on homes for lenders when the owners neglect to meet the insurance requirements.
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What products does American Bankers/Assurant offer?
The company website has a very limited description of the bachelor policies, making it very difficult to make sense of what they offer. It is too difficult to make clear which policies are underwritten by American Bankers and which by other companies.
Listed on the main website are homeowner'south insurance and renters insurance; at that place is also a link to a manufactured dwelling house insurance program.
The homeowner'southward insurance offerings are named – Choice and First Select – nevertheless, we were unable to find further information on them.
Manufactured home insurance appears to be mainly a product offered to lenders and manufactured domicile communities, although there is a direct to consumer policy available every bit well. Manufactured habitation insurance links off to a different part of the website under the name Belongings Solutions, adding to the confusion. This part of the site was more helpful than other areas.
Renters insurance is besides available and once again appears to have its own split web link, where little in the fashion of detail is available in one case once again. This coverage is specifically listed as being underwritten by American Bankers, unlike the other sections where the underwriter is non made articulate.
Flood insurance is as well available through the National Flood Insurance Programme.
Are the company's rates affordable?
The only part of the website that offers an online quote is for manufactured homes, so we ran a sample. The system was easy to utilise and straightforward. We used a standard single-wide manufactured dwelling in our usual Southern California surface area for the sample, with a value of $75,000.
The rate returned for our quote was $759/yr.
Since we practise not normally run samples on manufactured abode coverage, we are unable to provide a comparison for this rate or offer an opinion on the value offered. The system did offer several payment options which are helpful, and a variety of choices for coverage and deductibles.
How are insurance claims candy?
Claims can be filed online through the member login area on myassurantpolicy.com, withal another co-operative of the convoluted web presence. While we found this information just in the department for renter's insurance, information technology appears to be the place to file claims for all individual Assurant products.
There is too a toll-free number available 24/7 to study a claim. Again, this was found on the renter'south insurance site, and may only be for that purpose. Nevertheless, since this is the only product nosotros were able to readily confirm is underwritten past American Bankers, it is the most important to this review.
The chief page does have a list of contacts for claims information broken down by product blazon. This leads to a contact form that can exist submitted to have a representative contact you.
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Are the company's ratings and consumer reviews positive?
American Bankers Better Business Bureau (BBB) file is found under the Assurant proper name, where they have an A+ rating. In that location are 1,258 complaints on file in the past three years. This is a bit of an alarming number, but it has non affected the overall BBB rating. The company has been accredited since 2009.
Consumer Affairs has a folio dedicated specifically to Assurant renter's insurance, which is underwritten by American Bankers. Of the 64 reviews, 59 are ane-star reviews. Many complaints refer to denied claims, and there are also comments about the difficulty in getting whatever response or contact from the company.
Yelp has a handful of positive reviews mixed in with the negative ones, but the overall rating is still a dismal 1.v star based on 31 reviews. Complaints are like here.
What's the lesser line?
This company has a disruptive website and a confusing arrangement for obtaining data, and with that, information technology does not come equally a surprise to read that customers had trouble with claims. Those in search of a simple and straightforward approach to buying bones property insurance might find that there is more readily bachelor and clear information bachelor with other companies.
There are enough of insurance ownership guides available, and you lot may detect that comparing the service of each insurer leads you to a better business contour. One where customer reviews are better, and the process isn't every bit disruptive.
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Your ane-stop online insurance guide. Become free quotes at present!
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Source: https://www.expertinsurancereviews.com/american-bankers-insurance-company/
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