The Assurant Claims debit card works like any other bank-issued debit card. Cardholders are able to make surcharge-free purchases at the millions of locations that accept Visa(R) debit cards, as well as receive cash back, surcharge-free at participating retail locations.

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.

"Catastrophe victims typically have an immediate need for cash, to arrange for temporary housing or replace necessary items, such as clothing, that have been damaged or destroyed," McDonald said. "The debit card option enables us to help our policyholders get their lives in order much quicker."

About Assurant Specialty Property

Assurant Specialty Property businesses are leading providers of creditor- placed homeowners insurance, collateral protection programs and related outsourcing services. They develop, underwrite, market and administer specialty property and personal lines of insurance through collaborative relationships with leading home mortgage companies, manufactured home builders and dealers, auto finance companies, property management companies and managing general agents. Assurant Specialty Property serves clients and their customers in all 50 states and the District of Columbia. PR Newswire