Claim Payments via Chase Debit Cards
Assurant Specialty Property has begun issuing Chase Visa-branded debit
cards issued by J.P. Morgan as an alternative to paper-
based manual checks for claims settlements.
The Assurant Claims debit card payment program is now available to
renters insurance policyholders and will be expanded later in the year
to other property and casualty insurance programs, including
manufactured housing. The Assurant Claims debit card works like any
other bank-issued debit card. In addition, there are no finance
charges or overdraft fees because,
unlike a regular credit card, debit cardholders can only spend up to the
balance available in their debit card accounts. Cardholders also can
check debit card account balances free online or by calling the
toll-free customer service number on the back of the card. The option
to receive claim payments via the debit card is only applicable when
payments are issued to the policyholder only, not the lender or loss
payee. Assurant Specialty Property is a leading provider of specialty
insurance and collateral protection programs, including creditor-placed
homeowners insurance, manufactured housing insurance and renters
insurance.