American Bankers Flood Insurance (Review & Features)
American Bankers flood insurance policies can keep your home, condo, or business protected from disaster. The company advertises that a flood insurance policy could be as much as 25% cheaper than a National Flood Insurance Program policy.
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Managing Editor
Laura Kuhl holds a Master’s Degree in Professional Writing from the University of North Carolina at Wilmington. Her career began in healthcare and wellness, creating lifestyle content for doctors, dentists, and other healthcare and holistic professionals. She curated news articles and insider interviews with investors and small business owners, leading to conversations with key players in the le...
Laura Kuhl
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Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Chris Abrams
Updated February 2025
With an increase in jobs that allow telecommuting, the importance of having a good insurance policy to protect yourself and your belongings from natural disasters — like floods — is becoming more apparent.
While the marketplace is swarming with insurance companies, how can consumers living in flood zones find the best insurance products for their needs? You can discover the best insurance company that provides the protection you need using free online resources like this American Bankers flood insurance review.
Keep reading to learn more about American Bankers and how it can protect your home and possessions from damages caused by a flood.
- American Bankers does business as Assurant
- American Bankers has been in business for over 70 years
- American Bankers offers three types of flood insurance products
What is American Bankers Insurance?
Founded in 1947, American Bankers Insurance is based in Miami, Florida. Doing business as Assurant, this company provides a wide range of insurance products throughout the United States. As such, whenever you search for American Bankers products online, you’ll find the Assurant website.
While the Assurant website doesn’t appear to have an American Bankers flood insurance login, you can request a free flood insurance quote online. You can also call American Bankers at 1-800-423-4403 if you have any questions regarding your policy.
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What coverages exist under an American Bankers flood insurance policy?
If your home or business is located in a flood zone, one of the most important things to do before you travel is to ensure you have the tools to protect your home. Thankfully, American Bankers has products to get you the coverage you need. What coverage is provided with an American Bankers flood insurance policy? There are three different types of flood insurance policies offered through this company:
- Residential Private Flood
- Private Residential Condominium Building Association Policy Flood Insurance (PRCBAP)
- Commercial buildings
Let’s look at each one in detail to determine if American Bankers has the insurance coverage you need to protect your home.
Read more: American Bankers Property Insurance Review: What to Know
Residential Private Flood
Homeowners in flood zones can purchase a personal flood insurance policy with American Bankers. You’ll need to fill out an application form that consists of about 20 questions. In addition, when you purchase an American Bankers flood insurance policy, you won’t have to worry about being responsible for any National Flood Insurance Program surcharges.
PRCBAP Flood Insurance
American Banker’s PRCBAP product offers not only up to $150,000 in coverage for your damaged belongings but an easy quoting process and policy customization. You can even receive $5,000 coverage for damage caused by riots.
If your condo is located within a Coastal Barrier Resource Act designated area or is partially over water, it will not be PRCBAP eligible.
Commercial Buildings
A cascading flood will damage a storefront just as it would a privately-owned residence, but with a commercial buildings policy from American Bankers, you can protect your business. You can purchase up to $1,000,000 in coverage for your building’s structure and up to $500,000 in contents coverage.
American Bankers can also add a replacement cost endorsement for your storefront and its contents. While buildings located in flood zones B, X, and D may be eligible for coverage, you will not qualify for a policy through American Bankers if you have already filed two or more flood claims.
Is American Bankers a highly rated company?
You can find ratings for American Bankers Insurance from the Better Business Bureau and A.M. Best under the Assurant name.
American Bankers has an A+ rating from the BBB. It has also earned nearly 4/5 stars through 1,175 customer reviews, indicating stellar customer service. In addition, the company touts an A rating from A.M. Best. This high rating means that if you ever needed to file a claim, American Bankers would be able to compensate you for your financial losses.
It’s always best to thoroughly research companies before making any purchase. You can compare these ratings to those of other major insurance companies here:
| Insurance Company | AM Best | BBB |
|---|---|---|
| State Farm | A++ | A+ |
| Allstate | A++ | A+ |
| Liberty Mutual | A | A |
| USAA | A++ | Not Rated |
| Farmers Insurance Group | A | A+ |
| Travelers | A++ | A+ |
| American Family Insurance | A | A |
| Nationwide | A+ | A+ |
| Chubb Ltd Group | A++ | A+ |
| Erie Insurance Group | A+ | A+ |
Whether you live in New York, Chicago, or anywhere else, you should always work with highly rated and reputable companies.
Are the rates for an American Bankers flood insurance policy affordable?
While it is advertised that an American Banker’s RCBAP policy costs 25% less than a policy through the National Flood Insurance Program, sample rates aren’t provided on its website.
You’ll need to request a quote to discover how American Banker flood insurance rates compare to those other companies offer. However, that doesn’t mean you have to wait to start planning your budget. The average cost of flood insurance in Florida is $597 per year.
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Is it easy to file a claim with American Bankers Insurance?
You can file a flood claim by calling American Bankers flood insurance phone number 1-800-423-4403 or using your flood policy login information to file a claim online. Bear in mind that you will not be able to file a claim directly through the Assurant website. Instead, you will need to visit myflood.com to do so.
What You Need to Know About American Bankers Flood Insurance
Floods can cause an incredible amount of damage to a house, condo, or business. Thankfully, a flood insurance policy through American Bankers can help you get the protection you need to protect your building’s structure and the contents within. American Bankers does business under the name Assurant, so if you would like to purchase flood insurance through this company, you will need to fill out a quote on the Assurant website.
While American Bankers advertises that its policies are dramatically less expensive than a policy through the National Flood Insurance Program, you should always compare free quotes from various companies before making a purchase.
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