Website: assurantspecialtyproperty.com
Phone Number: 1-800-423-4403
Address: P.O. Box 4337, Scottsdale, AZ 85261
American Bankers Insurance Company of Florida is one of the largest National Flood Insurance Program, NFIP Write Your Own, WYO Company. It is a private insurance company that brings about beneficial programs and diverse insurance products to its customers. American Bankers Insurance Company is part of Assurant and a Fortune 500 company, owning assets worth $30 billion and with an annual revenue of $9 billion.
Flood insurance policy and disaster relief assistance programs
(i) What is covered
American Bankers Insurance Company of Florida, under the FEMA division National Flood Insurance program, is involved in disaster management. The company has a license to underwrite the federal flood insurances in territories and states such as New York, California, Florida, Indiana, Virginia, North Carolina, Texas and others.
American Bankers Insurance Company covers personal property and building property. Personal property is separately purchased and includes furniture, laundry equipment, food freezers, service vehicles, and also portable kitchen appliances. Building property covers the electrical, structure, air conditioning and heating systems and also plumbing.
However, their policy exclusions explain the coverage limits or how you can purchase the coverage separately. Some of the policies may have coverage but may also have set coverage limits that can only cover a particular percentage of your entire loss or might set a definite amount in dollars.
(II)Filing a claim after a natural disaster
Once you purchase a flood insurance policy, it takes only 30 days to be effective except in certain emergency cases. While filing for a claim, contact the American Bankers Insurance Company immediately after damage. Make a follow-up with your written claim in order to protect your rights under the law of Texas’s prompt payment. If there are possible damages, photograph them and remember to save any receipts from contractors. Only do the emergency repairs until an adjuster inspects the damage. In the case flood conditions make you move out, leave a note including your temporary address and your phone number. Review your flood and property policies to ensure you tap the appropriate coverages for example debris removal. If not insured, contact FEMA toll-free registration line (1-800-462-029) to get assistance on disaster management.
(III) Company’s insurance policies in relation to flood and disaster programs
American Bankers Insurance Company of Florida gives a 30-day waiting period once you purchase a flood insurance policy for it to be effective. The exceptions occur when the customer is extending, renewing, or increasing a loan or particular map changes. The waiting period objective ensures that customers keep the policy always. Flood policies have maximum limits of $250,000 for homeowners and $100,000 for their contents and $500,000 for commercial properties and $500,000 for their contents.
