Vanderbuilt Mortgage/American Bankers Insurance Company of Florida Complaint - Vanderbuilt Mortgage and liason American Bankers Insurance Company of Florida
MIAMI, FLORIDA -- This is a WARNING to any and everyone that is considering starting any transacting business with Vanderbuilt Mortgage. If you purchase a home with them, and use American Bankers Insurance Company of Florida for your homeowner's insurance company... they will never, ever help you with damages to your home, I mean NOTHING is covered under their so called plans. They are such rip-offs!!! I have been paying anywhere from $340-$450 every year for the insurance, and I started in 1997. I have damage to my master bathroom, and my main bath and I've never used the insurance and they denied me both claims, also my water heater went out a couple of years ago...they wouldn't cover that either. They left me in a holy mess. First of all to be living in a mobile home is for people like myself that don't make a lot of money. I feel like they try to act like they want to help you, and then pull you in don't tell you everything at the time of purchase which is why you should make sure you do all of your research before dealing with them altogether. I did read the information given to me by them, but I am just going to be honest I didn't understand how the insurance worked. Please be careful when dealing with these folks, they are heartless bigtime!!!