Forced Placed Flood Coverage
Countrywide Forced Flood Insurance
Countrywide Mortgage Holders: If you were forced or coerced into purchasing excessive flood insurance coverage, you may have legal recourse. Class Action.org is investigating claims that certain banks have been forcing borrowers to buy or maintain flood insurance policies that are unnecessary, overly expensive, or otherwise excessive. While Countrywide has not been named among the mortgage companies engaging in these practices, many homeowners who have borrowed from other banks have complained that they were forced into paying the high premiums of an unnecessary, second or excessive flood insurance policy.
If Countrywide or any other bank forced you into purchasing or maintaining an overly expensive, excessive or second flood insurance policy, complete our free case review form today to have your claim evaluated, at no cost to you. You may be able to seek compensation for the high premiums paid out for this insurance.
Forced Placed Flood Insurance Lawsuits
Any mortgage holder may be able to participate in a forced placed flood insurance lawsuit if they had to purchase or maintain:
- A flood insurance policy which exceeded federal requirements
- More flood coverage than what was required under their mortgage agreements
- A second flood insurance policy after an acceptable policy was refused
- A second flood insurance policy even though they were already covered by a condominium association or otherwise
In some instances, it has been alleged that banks which forced placed valueless flood insurance on mortgage holders received kickbacks for these purchases, the cost of which was added to the mortgage balance, deducted from their home equity account or otherwise expensed to the borrower.
Forced Placed Flood Insurance Complaints
If your bank unnecessarily forced placed flood insurance policy on your home or condo, you may have legal recourse to seek financial compensation for damages. To find out more about the legal rights which may be available to you, complete our free case evaluation form today. Our forced placed flood insurance lawsuit attorneys are providing this online consultation at no cost or obligation and remain dedicated to protecting the rights of homeowners who had their consumer rights violated.
Forced Placed Flood Insurance Articles and Resources
- Wells Fargo Excess Flood Insurance
- Bank of America Flood Insurance Lawsuit
- JP Morgan Chase Insurance Complaints
- Flagstar Bank Forced Placed Flood Insurance
- GMAC Mortgage Flood Insurance Lawsuit
- Washington Mutual Forced Placed Flood Coverage
- Ameriquest and Argent Forced Flood Coverage
- National City Corporation Forced Flood Insurance
- Citigroup Flood Insurance: Forced Placed Coverage
- Wachovia Forced Placed Flood Insurance
- HSBC Flood Coverage: Forced Placed Insurance
- Option One Mortgage Forced Flood Coverage
- New Century Mortgage Forced Placed Flood Coverage
- American Home Mortgage Forced Flood Insurance
- IndyMac Flood Insurance: Forced Placed Coverage
- ABN AMRO Forced Placed Flood Insurance Policies
- Fremont Investment and Loan Forced Flood Coverage
- Suntrust Bank Forced Placed Flood Insurance
- First Horizon Forced Placed Flood Coverage
- Additional Companies for Forced Placed Flood Insurance