Coerced into Buying Costly, Excessive Flood Coverage?
Suntrust Bank Forced Placed Flood Insurance
Suntrust Bank Mortgage Holders: Have you been forced into paying for an excessive or costly flood insurance policy? If so, you may have legal recourse to recover the additional costs associated with this coverage. Class Action.org is investigating claims that certain mortgage companies have been forcing loan holders to purchase or maintain flood insurance policies that are unnecessary, overly expensive, or otherwise excessive. While Suntrust Bank has not been named among the banks allegedly engaging in these practices, many homeowners who have borrowed from other establishments have complained that they were forced into paying the high premiums of an unnecessary, second or excessive flood insurance policy.
If Suntrust or any other bank forced you into purchasing or maintaining an overly expensive, excessive or second flood insurance policy, fill out our free case review form today for a no cost evaluation of your claim. You may be able to seek compensation for the high premiums paid out for this flood insurance coverage.
Excessive, Forced Placed Flood Insurance Lawsuits
Potentially, consumers may be able to participate in a flood insurance lawsuit if they were forced or coerced into buying or maintaining:
- A flood insurance policy which exceeded federal requirements
- A second flood insurance policy after an acceptable policy was refused
- More flood coverage than what was required under their mortgage agreements
- A second flood insurance policy even though they were already covered by a condominium association or otherwise
In a select number of instances, it has been alleged that banks who 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.
Complaints: Forced Placed Flood Coverage
If your bank unnecessarily forced placed flood insurance policy on your property, you may have legal recourse to seek financial compensation. To learn more about the legal rights which may be available to you, complete our no cost, no obligation case evaluation form today. Our forced placed flood insurance lawsuit attorneys are providing this online consultation for free and remain committed to protecting the rights of property owners 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
- 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
- First Horizon Forced Placed Flood Coverage
- Additional Companies for Forced Placed Flood Insurance