American Bankers Insurance Company of Florida: Reviews and Ratings

American Bankers Insurance Company of Florida provides insurance products including home, renters, and auto insurance. With headquarters in Miami, they operate in multiple states. This article provides an overview of American Bankers Insurance ratings, reviews, products offered, and more to help consumers evaluate them as an insurance provider.

About American Bankers Insurance Company of Florida

• Founded in 1947 and based in Miami, Florida.

• Provides insurance products including home, renters, auto, and specialty coverage.

• Acquired by Assurant in 1997 and operates as a subsidiary.

• Has an A- or Excellent financial strength rating from AM Best.

• Offers policies directly to consumers or through independent agents.

• Has over 2,900 employees across the United States.

American Bankers Insurance Ratings

American Bankers Insurance Company of Florida is rated by trusted third-party organizations:

• A.M. Best: A- (Excellent) financial strength rating

• BBB: A+ rating accredited business profile

Positive ratings from independent evaluators like A.M. Best indicate American Bankers has sufficient financial resources to pay out claims. The BBB accreditation signals a commitment to resolving customer complaints.

American Bankers Insurance Reviews on Clearsurance

On Clearsurance, American Bankers Insurance has 41 reviews and a 2.68 out of 5 star rating. Reviews are mixed, with 17 positive reviews and 24 negative reviews.

Positive reviews mention good customer service, reasonable rates, and a smooth claims process. Negative reviews cite high rates, policy non-renewals, poor communication and claim denials.

Home insurance reviews average 2.6 stars based on 14 ratings. Renters insurance earns slightly better ratings at 3.45 stars across 27 reviews.

American Bankers Insurance Reviews on BBB

The Better Business Bureau shows 2,929 complaints closed against American Bankers Insurance in the past 3 years. Complaints relate to billing issues, claims, customer service and policy cancellations.

On BBB, American Bankers Insurance maintains an A+ rating and accreditation. This means they meet BBB standards for transparency and properly address complaints.

American Bankers Insurance Products Offered

American Bankers sells the following types of insurance coverage:

• Homeowners Insurance – Policy options include condo, landlord, mobile home, and standard homeowners. Discounts available for smart home tech, age 55+, claim-free renewals.

• Renters Insurance – Protects personal property against perils like theft, fire, and water damage for renters. Liability insurance also included.

• Auto Insurance – Provides liability, collision, comprehensive and other standard auto coverages. Available in some states through agents.

• Specialty Insurance – Niche policies like collector car, motorcycle, boat, classic car and more. Offered based on location.

• Flood Insurance – Through a partnership with Selective Flood via agents in eligible states.

• Identity Theft Insurance – Identity theft monitoring and resolution services available as an add-on.

Is American Bankers a Good Insurer?

American Bankers Insurance offers standard insurance products for home and renters in many states. They have strong financial ratings but mixed customer reviews. Here are some pros and cons:

Pros

• Positive AM Best Rating
• Long history since 1947
• BBB accredited with complaint resolution
• Specialty insurance options

Cons

• Mixed customer reviews on claims and service
• High volume of complaints on BBB
• Limits non-standard home options

Overall, American Bankers is a viable option for basic insurance needs but shop around for quotes and read reviews before choosing a provider.

How to Get a Quote and File a Claim

You can get a quote for American Bankers Insurance products in a few ways:

• Contact a local independent insurance agent.

• Visit the Assurant website and use the online quote tool.

• Call 800-358-0600 to speak with a representative.

To report a claim:

• Call 800-852-2244 for immediate assistance.

• File a claim through your online account portal once registered.

• Use the mobile app to start the claims process.

Is American Bankers Insurance Right for You?

American Bankers delivers standard home and renters insurance options for consumer shoppers. They best serve customers who:

• Prefer to buy insurance from an established national company.

• Want the option to bundle renters and auto for multi-policy discounts.

• Appreciate brick-and-mortar agent support and community presence.

For consumers needing specialized coverage like farm, high-value homeowners, or collectible cars, American Bankers has limited products. Shoppers wanting a modern, app-based insurance experience may also find better fits elsewhere.

The Bottom Line on American Bankers Insurance

At over 70 years in business, American Bankers Insurance Company of Florida provides standard insurance offerings along with specialty policies. Check their customer reviews and complaints records. For simple home, condo, or renters coverage, they offer a competitive option to insure your property. Compare quotes to ensure you get the best rates and service.