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American Strategic Insurance

Insurance, United States, Florida, St. Petersburg

Providing comprehensive insurance solutions for your home and auto needs with exceptional customer service and claims management expertise.

About American Strategic Insurance

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.americanstrategic.com
Location Address Official Phone Email
United States of America, Florida state 1 ASI Way **** ****
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FAQs – American Strategic Insurance

How much does whole life insurance cost?

Whole life insurance premiums are higher than term life insurance due to lifelong coverage and cash value accumulation. Costs depend on factors like age, health, policy size, and insurer. Younger and healthier individuals typically pay lower premiums compared to older applicants or those with medical conditions.


What is a claim in insurance?

A claim is a formal request made by a policyholder to an insurer for compensation due to a covered loss, such as property damage, medical expenses, or liability.


What are common conditions in an insurance policy?

Conditions include premium payments, claim filing procedures, proof of loss, duty to mitigate damage, and policy renewal terms.


How are disputes resolved in insurance contracts?

Disputes can be resolved through negotiation, mediation, arbitration, or litigation. Many insurance contracts include an arbitration clause, requiring disputes to be settled outside of court to reduce legal costs and ensure faster resolution.


Can I be sued even if I did nothing wrong?

Yes, clients can file claims even if no actual mistake occurred, and legal defense costs can be significant without professional liability insurance coverage.


Is comprehensive insurance required by law?

No, comprehensive insurance is not legally required. However, if you finance or lease your car, your lender may require it. Otherwise, it's optional coverage that provides financial protection from non-collision incidents.


Is parametric insurance regulated like traditional insurance?

Yes, parametric insurance is subject to regulatory oversight, though specific rules vary by country. Some regions require strict verification of event parameters, while others focus on transparency and consumer protection to prevent misinterpretation of policies.


What is the role of reinsurance in captive insurance?

Captives use reinsurance to transfer a portion of their risks to third-party insurers, providing additional financial protection and reducing potential exposure to large losses.


Comprehensive Market Research

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