Consumer Fraud:
Mortgage Company Flood Insurance Complaints
Forced Placed Flood Insurance
Property owners who were forced or coerced by their mortgage company or bank into purchasing excess flood insurance may have legal recourse to seek compensation for the high costs of these policies. Allegedly, certain banks and mortgage companies have been force-placing expensive, and often unnecessary, flood insurance policies on property owners, many of whom already meet the insurance coverage requirements of the National Flood Insurance program. Furthermore, lawsuits for bank flood insurance complaints have claimed that these companies may be receiving kickbacks or commissions when they purchase these additional or excessive policies, the cost of which is added to the homeowner's monthly mortgage payments, deducted from the home equity account or otherwise expensed to the borrower.
If your mortgage company or bank forced placed an excessive flood insurance policy on your property, you may be able to file a claim seeking financial compensation. To find out if you are eligible, complete our free, no obligation case review form today with details of your mortgage company flood insurance complaints.
Forced Placed Flood Insurance Lawsuits
Consumers may be eligible for a forced placed flood insurance lawsuit if their bank or mortgage company forced or coerced them into:
- Purchasing costly flood insurance in excess of what is required by law
- Paying for or maintaining more flood insurance than what is outlined by their mortgage agreements
- Paying for a forced-placed second insurance policy after having an acceptable flood insurance policy refused
- Purchasing a second flood insurance policy even though they were already covered by an existing flood insurance policy through a condominium association or otherwise
Suspect your bank or mortgage company unnecessarily forced placed a costly flood insurance policy on your property? Find out if you have legal recourse to seek compensation for the cost of this insurance coverage by completing our free case evaluation form.
Lawyers for Forced Placed Flood Insurance Complaints
Wells Fargo, FlagStar, GMAC Mortgage, Bank of America and JPMorgan Chase are among the establishments who have been hit with forced placed flood insurance lawsuits. Even if you took out a mortgage loan from another bank, you may still have legal recourse if you were subjected to unlawful practices in regard to forced placed flood insurance. If you had an excessive flood insurance policy forced placed on your property, find out if you qualify for a forced placed flood insurance lawsuit by completing our no cost, no obligation case review form today.
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
- Countrywide Forced Flood Insurance
- 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