American Bankers Insurance Company Of Florida, partnered with Assurant, provides reliable insurance policies to protect homes, vehicles, and personal assets. Their focus on quality coverage, efficient claims service, and customer satisfaction ensures individuals and families can feel secure and supported throughout their insurance journey.
About American Bankers Insurance Company of Florida
American Bankers Insurance Company of Florida is an American based insurance company with its headquarters located in Florida, but is under the umbrella of Assurant, Inc.
- The company is registered as an American Bankers Insurance Company of Florida, DBA: Assurant.
- The insurer is not the only subsidiary of Assurant, indicating that it belongs to a bigger, and proven group of insurance companies.
- Assurant parent is rated highly in finance (e.g. A+ (Superior) on its property/casualty group) and this aspect enhances trust in parent companies.
- In selecting this company, the policyholders enjoy the size, knowledge and permanence of Assurant without losing the fact that they are dealing with an insurer that specializes in specialized insurance solutions.
What Is the Services and Coverage American Bankers Insurance Company of Florida Provides?
Although the precise product range can change depending on the region and partner, these are the common types of the services and functionality that you will find under this insurer:
Coverage & services include:
- Specialty insurance and protection products (insurance related to credit and credit derivatives) in the Assurant group.
- Similar property risk insurances like flood. As an illustration, American Bankers Insurance Company of Florida is seen as a provider in the listing of the National Flood Insurance Program.
- In Florida, insurance licensing and operations, which makes insurance available to Florida-based insurance business and policyholders.
Important features to consider in the service:
- Capital and financial support is strong courtesy of the Assurant group, that is, claims have a higher probability of meeting.
- Dedicated insurance instead of generic mass-market insurance, i.e. the insurer likely focuses on niche risks.
- Partnering capability several of their products are sold through banks, credit issuers or in relation to other financial services. (In line with Assurant credit-life or credit-accident as well as health products, as an example.)
The Reason to Select American Bankers Insurance Company of Florida
You may have a number of reasons why you prefer this insurer. Here are the key advantages:
Financial strength & stability: As indicated earlier, Assurant is financially healthy, as the group rating of A+ (Superior) of its property/casualty business indicates.
Reputation and experience: The history of the company and their contacts to Assurant give a policy holder the assurance that they are transacting with an old company in the insurance industry.
Specialization: This is where the insurer specializes in specific protection i.e. in case your needs fit into a niche (credit-insurance, flood insurance, lender-placed insurance) you might obtain a specially-designed solution as opposed to a generic one.
Access and reliability: You access more resources, support, and infrastructure (claims handling, agent networks) than a small local insurance company by operating in Florida and being in a large group.
Affiliation transparency: The fact that the company is plainly identified as a subsidiary of Assurant and that it is registered as such in the regulatory filings demonstrates that the company has some level of transparency in terms of its business structure.
The Way of Doing Business With The American Bankers Insurance Company of Florida
The following are the steps of getting started:
Find your insurance coverage: Do you need flood insurance or credit-related coverage or a specialty insurance?
Call an agent or broker: Since this is a specialty insurer, most frequently you will go through a financial services provider (bank, credit card issuer, mortgage lender) or a broker in insurance products which can access their products.
Address issues of eligibility and coverage: Inquire about coverage, deductibles, and exclusions, claim procedures, and cost of the premiums.
Read the terms of the policy: You need to know the policy documentation, and it has to be issued by American Bankers Insurance Company of Florida (or is explicitly the Assurant umbrella) to be sure you are dealing with the right organization.
Make claims where necessary: Attend the infrastructure where Assurant systems (many of them digital) enable you to handle your policy and claims. As an example, Assurant provides policy-management online.
Protect your contact details and records: Since some of their business involves flood insurance or insurance based on finances, it is important to keep the details and records correct to claim.
FAQs
Does American Bankers Insurance Company of Florida belong to Assurant?
No, American Bankers Insurance Company of Florida is not listed in regulatory and SEC subsidiary disclosures as a subsidiary (or affiliate) of Assurant, Inc.
What are the types of insurance products that they provide?
They have specialised in protection products that include credit insurance, Lender Placed or Partner Sold Insurance and Flood Insurance Plans.
Do they have strong and reliable finances?
Yes. The parent company, Assurant, possesses high ratings (AM Best, A+, P/C business) and the stable perspective gives it an impression that they are dependable as far as claims-paying aspect is concerned.
What is the process of claiming or managing my policy?
Assurant has got an online policy management platform. The correct contact to make to file a claim can be found in the relevant policy documentation since lines of products can be different.
Does their insurance cover other states other than Florida?
The American Bankers Insurance Company of Florida is Florida-based but since it is within the network of Assurant, the same products or its subsidiaries might be run in other states. It is always important to verify with your agent the issuing company and state licensing.