- Report: #1123089
Report - Rebuttal - Arbitrate
Complaint Review: Assurant Specialty Property
Assurant Specialty Property11222 Quail Roost Drive Miami, Florida USA
Assurant Specialty Property American Bankers Insurance of Florida Denied Legitimate Claim and Bank Fraud Miami Florida
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I have been with Geico for over 15 years for my car insurance. I needed renter’s insurance and they recommended Assurant (American Bankers Insurance of Florida). I was with Assurant for a little more than 10 years. I had to file a claim due to water damage in my storage unit. My claim was denied because they said that this was not covered. Let see….water, damage, fire, theft….what do they cover? I was livid and filed a complaint with the Florida Insurance Commission. But nothing came of it. There isn’t anything this organization will do now. I also contacted Geico as well. Geico said that there was nothing they could do.
I cancelled my policy with Assurant back in 2013 but guess what? They have continually taken money out of my account without my authorization. I cancelled this policy! I received an email on February 3, 2014 saying that they will withdraw $49.32 from my account. I contacted my bank (Bank of America) who said that there was nothing I could do I would have to do a stop payment which would cost me $30.00. However when I sent them the request I also sent the following:
“I am writing to request that you stop Assurant Specialty Property from making future automatic withdrawals from my checking account. These charges are unauthorized. I canceled my contract in writing with Assurant Specialty Property in February 2013.
Assurant Des:Ins.Prem ID:Rin
The Federal Reserve's rules governing pre-authorized transfers (part of Regulation E) states the following: "Once a financial institution has been notified that the customer's authorization is no longer valid, it must block all future payments for the particular debit transmitted by the designated payee-originator."
I would appreciate your immediate compliance with this federal law. Please contact me if you have any further questions.”
Here’s the fact:
- GEICO is recommending a company to their policy holders that is of low moral turpitude.
- Assurant will collect premiums but they won’t pay claims.
- Bank of America won’t stop this company from automatic withdrawls.
I was looking on their website and saw the following:
It should say:
Where is the consumer protection? Who is looking out for us? Why are companies able to defraud us? There is more protection set up for the corporation than the consumer.
I wrote Bank of America and informed them that this company is not authorize to debit my account…but guess what on 2/10/14 Bank of America allowed this company to take $49.32 out of my account. I need someone to help me. Assurant, Bank of America and GEICO are dangerously ripping off people. I am going to create a website and I want everyone that has been scammed by these companies to email me. Together we can take our power back!
We need an attorney to create a class action lawsuit again GEICO, Bank of America and Assurant.
Update: On 2/10/14 Bank of America allowed Assurant to debit $49.32 out of my account.
My next stop is Clark Howard!
This report was posted on Ripoff Report on 02/12/2014 12:13 PM and is a permanent record located here: http://www.ripoffreport.com/r/Assurant-Specialty-Property/Miami-Florida-33157/Assurant-Specialty-Property-American-Bankers-Insurance-of-Florida-Denied-Legitimate-Claim-1123089. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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