Marissa Hayes is a technical editor and contributing writer. She holds a Bachelor’s Degree in history, and she was the editor of the literary magazine, The Bluestone Review.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Licensed Car Insurance Agent Daniel Walker

UPDATED: Mar 14, 2022

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The Short of It

  • 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

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.

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.

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 CompanyAM BestBBB
State FarmA++A+
Liberty MutualAA
USAAA++Not Rated
Farmers Insurance GroupAA+
American Family InsuranceAA
Chubb Ltd GroupA++A+
Erie Insurance GroupA+A+
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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 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.