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BMO - Loan vs. Line of Credit: What�s the Difference?Filing a Claim BMO Credit Card Balance Protection Enhanced is underwritten by American Bankers Insurance Company of Florida (ABIC) and American Bankers Life. We pay approved claims within 30 days of receiving the proof required. If your claim is denied, you will receive a written explanation with the appeal process. To file a claim if you have BMO Credit Card Balance Insurance, call For more information about BMO Creditor Insurance, visit getbestcarinsurance.org Family.